JUNE 28, 2022•STATEMENTS AND RELEASES The White House

Today President Biden met with G7 leaders to strengthen our cooperation on economic issues, cyberspace and quantum, and other 21^st century challenges, including those posed by China to our workers, companies, and national security. The G7, representing over 50% of the world economy, is demonstrating that it is among the most potent institutions in the world today, with like-minded democracies solving problems.  

Committing to a unified approach to confront China’s unfair economic practices:  The G7 will release collective, unprecedented language acknowledging the harms caused by the People’s Republic of China’s (PRC) non-transparent, market-distorting industrial directives. They will commit to working together to develop a coordinated approach to remedy the PRC’s non-market policies and practices to ensure a level playing field for businesses and workers. 

JUNE 26, 2022•The White House STATEMENTS AND RELEASES

The Partnership for Global Infrastructure and Investment will deliver game-changing projects to close the infrastructure gap in developing countries, strengthen the global economy and supply chains, and advance U.S. national security 
 
President Biden will announce new flagship projects and lay out the Administration’s comprehensive effort to execute the Partnership for Global Infrastructure and Investment.

At the 2021 G7 Summit, President Biden and G7 leaders announced their intent to develop a values-driven, high-impact, and transparent infrastructure partnership to meet the enormous infrastructure needs of low- and middle-income countries and support the United States’ and its allies’ economic and national security interests. Over the past year, members of the Administration have traveled to hear directly from countries on how we can meet their infrastructure needs, deepened our coordination across the U.S Government and with the G7, honed our infrastructure investment tools, and closed game-changing deals.

Continue reading FACT SHEET: President Biden and G7 Leaders Formally Launch the Partnership for Global Infrastructure and Investment →