BDI G7 Business Summit
Industrial Innovation for a Sustainable World.
The members of the G7 share many values and principles. These include democracy, the rule of law, respect for human rights, the belief in free markets, and the freedom of contract and private property. Furthermore, the G7 countries together account for approximately 46 percent of global GDP and around 35 percent of global trade. Due to their economic strength, the G7 countries are key players in the global economy and global economic governance. A close collaboration among the G7 countries is indispensable in advancing the global political agenda.
Today the international community faces particularly great political, economic, and environmental challenges. The world has become more fragile. Interstate conflicts, terrorism, social instability, and new security threats such as the outbreak of the Ebola virus are a threat to global stability. Business plays an important role in responding to many of today’s most pressing challenges.
To fulfill the responsibility of business, BDI launched the format of the "G8 Business Summit" in 2007. Since 2011, the official term for this format is the "B8", respectively "B7". This group meets at least once a year. In the B7, the Presidents and Chairmen of the large business associations discuss the most pressing economic and political concerns before the G7 Summit. Following their meeting, they present their positions to the G7 Heads of State and Government.
Read more about the G7 Business Summit 2015 in our publication.