Business 7 – Strong and Reliable Partner of the G7

© Samuel Tessier

The role of the Business 7 (B7) is to consolidate the interests of the business community of the G7 countries and develop concrete and actionable recommendations. In performing that role, the B7 supports the G7 in effectively addressing global economic challenges. BDI represents German industry in the B7.

Under the German Presidency, the G8 launched an outreach process in 2007 to promote the exchange with civil society. As part of that process, the German government met with representatives of trade unions, youth associations, non-governmental organisations, business, and the scientific community from the G8 states. Since then, the dialogue with civil society has become an integral part of the G7 process. Each year it is conducted by the respective G7 Presidency.

To coordinate the business position within this outreach process, the G8 Business Summit (B8) was established in 2007 on the initiative of BDI. Following Russia’s expulsion from the G8 in 2014, this group has functioned as the B7.

Linking the National with the International Level

The B7 comprises the leading business and industry federations of the G7 states. Within the B7, these organisations jointly tackle the topics on the G7 agenda and draw up concrete recommendations for action. Once a year, the B7 members meet with the respective G7 Presidency at the B7 summit to present those recommendations.

Thus, the B7 is an important link between the national and international level. By consolidating the interests of business in the G7 countries, it serves as a central partner for a constructive dialogue.  Moreover, it makes a major contribution to global governance by supporting the G7 process with precise analyses and concrete proposals for resolving challenges. Furthermore, it promotes the implementation of G7 commitments at the national level by contributing its expertise and monitoring progress.

The members of the B7 are:

  • BusinessEurope, Europe
  • Canadian Chamber of Commerce (CCC), Canada
  • Confederation of British Industry (CBI), United Kingdom
  • Confederation of Italian Industry (Confindustria), Italy
  • Federation of German Industries (BDI), Germany
  • Japanese Business Federation (Keidanren), Japan
  • Movement for French Enterprises (MEDEF), France
  • US Chamber of Commerce (USCC), United States

The CCC is chairing the B7 in 2018; MEDEF takes over in 2019. BDI was in the lead in 2015.