[ad_1]
CARBIS BAY: Leaders from the Group of Seven industrialized nations are set to commit at their summit to sharing at least 1 billion coronavirus shots with struggling countries around the world half the doses coming from the US and 100 million from the UK.
Vaccine sharing commitments from US President Joe Biden and British Prime Minister Boris Johnson set the stage for the G-7 meeting in southwest England, where leaders will pivot Friday from opening greetings and a “family photo” directly into a session on “Building Back Better From Covid-19.”
“We’re going to help lead the world out of this pandemic working alongside our global partners,” Biden said. The G-7 also includes Canada, France, Germany, Italy and Japan.
The leaders hope the meeting in the resort of Carbis Bay will also energize the global economy. On Friday, they are set to formally embrace a global minimum tax of at least 15% on corporations, following an agreement reached a week ago by their finance ministers. The minimum is meant to stop companies from using tax havens and other tools to avoid taxes.
It represents a potential win for the Biden administration, which has proposed a global minimum tax as a way to pay for infrastructure projects, in addition to creating an alternative that could remove some European countries’ digital services taxes that largely hit US tech firms.
For Johnson, the first G-7 summit in two years last year’s was scuttled by the pandemic is a chance to set out his vision of a post-Brexit “Global Britain” as a midsized country with an outsized role in international problem-solving.
It’s also an opportunity to underscore the UK-US bond, an alliance often called the “special relationship” but that Johnson said he prefers to call the “indestructible relationship.”
The official summit business starts Friday, with the customary formal greeting and a socially distanced group photo. Later the leaders will meet Queen Elizabeth II and other senior royals at the Eden Project, a lush, domed eco-tourism site built in a former quarry.
The G-7 leaders have faced mounting pressure to outline their global vaccine-sharing plans, especially as inequities in supply around the world have become more pronounced. In the US, there is a large vaccine stockpile and the demand for shots has dropped precipitously in recent weeks.
Biden said the US will donate 500 million Covid-19 vaccine doses and previewed a coordinated effort by the advanced economies to make vaccination widely and speedily available everywhere. The commitment was on top of 80 million doses Biden has already pledged to donate by the end of June.
Johnson, for his part, said the first 5 million UK. doses would be shared in the coming weeks, with the remainder coming over the next year. He said he expected the G-7 to commit to 1 billion doses in all.
“At the G-7 Summit I hope my fellow leaders will make similar pledges so that, together, we can vaccinate the world by the end of next year and build back better from coronavirus,“ Johnson said in a statement, referencing a slogan that he and Biden have both used.
French President Emmanuel Macron welcomed the US commitment and said Europe should do the same. He said France would share at least 30 million doses globally by year’s end.
Biden predicted the US doses and the overall G-7 commitment would “supercharge” the global vaccination campaign, adding that the US doses come with no strings attached.
The US commitment is to buy and donate 500 million Pfizer doses for distribution through the global COVAX alliance to 92 lower-income countries and the African Union, bringing the first steady supply of mRNA vaccine to the countries that need it most.
The Pfizer agreement came together with some urgency in the last four weeks at Biden’s direction, said a senior White House official, both to meet critical needs overseas and to be ready for announcement at the G-7. The official, who spoke on condition of anonymity to discuss internal plans, added that the Biden administration was to apply the same wartime posture applied to the vaccine rollout in the US to its effort to share vaccines globally.
Biden said the US-manufactured doses will be shipped starting in August, with the goal of distributing 200 million by the end of the year. The remaining 300 million doses would be shipped in the first half of 2022. A price tag for the doses was not released, but the US is now set to be COVAX’s largest vaccine donor in addition to its single largest funder with a $4 billion commitment.
Humanitarian workers welcomed the donation but said the world needs more doses and they were hoping they would arrive sooner. Grand statements and promises need to be met with detailed plans backed by timelines for delivery, starting immediately.
“If we have a stop-start supply or if we store all the supply up for the end of the year, it’s very hard for low-income countries with quite fragile health care systems to then really be able to get those vaccines off the tarmac and into the arms of health care workers,“ said Lily Caprani, the head of Covid-19 vaccine advocacy at UNICEF. “We want a coordinated, time-bound, ambitious commitment starting from June and charting the course for the rest of the year.”
The global COVAX alliance has faced a slow start to its vaccination campaign, as richer nations have locked up billions of doses through contracts directly with drug manufacturers. The alliance has distributed just 81 million doses globally and parts of the world, particularly in Africa, remain vaccine deserts.
Biden’s move, officials said, was meant to ensure a substantial amount of manufacturing capacity remains open to the wealthy nations. Just last month, the European Commission signed an agreement to purchase as many as 1.8 billion Pfizer doses in the next two years, a significant share of the company’s upcoming production though the bloc reserved the right to donate some of its doses to COVAX.
White House officials said the ramped-up distribution program fits a theme Biden plans to hit frequently during his week in Europe: that Western democracies, and not authoritarian states, can deliver the most good for the world.
Biden, in his remarks, harked back to the Detroit-area workers who 80 years ago built tanks and planes “that helped defeat the threat of global fascism in World War II.”
China and Russia have shared their domestically produced vaccines with some needy countries, often with hidden strings attached. Sullivan said Biden “does want to show rallying the rest of the world’s democracies that democracies are the countries that can best deliver solutions for people everywhere.”
Vaccine sharing commitments from US President Joe Biden and British Prime Minister Boris Johnson set the stage for the G-7 meeting in southwest England, where leaders will pivot Friday from opening greetings and a “family photo” directly into a session on “Building Back Better From Covid-19.”
“We’re going to help lead the world out of this pandemic working alongside our global partners,” Biden said. The G-7 also includes Canada, France, Germany, Italy and Japan.
The leaders hope the meeting in the resort of Carbis Bay will also energize the global economy. On Friday, they are set to formally embrace a global minimum tax of at least 15% on corporations, following an agreement reached a week ago by their finance ministers. The minimum is meant to stop companies from using tax havens and other tools to avoid taxes.
It represents a potential win for the Biden administration, which has proposed a global minimum tax as a way to pay for infrastructure projects, in addition to creating an alternative that could remove some European countries’ digital services taxes that largely hit US tech firms.
For Johnson, the first G-7 summit in two years last year’s was scuttled by the pandemic is a chance to set out his vision of a post-Brexit “Global Britain” as a midsized country with an outsized role in international problem-solving.
It’s also an opportunity to underscore the UK-US bond, an alliance often called the “special relationship” but that Johnson said he prefers to call the “indestructible relationship.”
The official summit business starts Friday, with the customary formal greeting and a socially distanced group photo. Later the leaders will meet Queen Elizabeth II and other senior royals at the Eden Project, a lush, domed eco-tourism site built in a former quarry.
The G-7 leaders have faced mounting pressure to outline their global vaccine-sharing plans, especially as inequities in supply around the world have become more pronounced. In the US, there is a large vaccine stockpile and the demand for shots has dropped precipitously in recent weeks.
Biden said the US will donate 500 million Covid-19 vaccine doses and previewed a coordinated effort by the advanced economies to make vaccination widely and speedily available everywhere. The commitment was on top of 80 million doses Biden has already pledged to donate by the end of June.
Johnson, for his part, said the first 5 million UK. doses would be shared in the coming weeks, with the remainder coming over the next year. He said he expected the G-7 to commit to 1 billion doses in all.
“At the G-7 Summit I hope my fellow leaders will make similar pledges so that, together, we can vaccinate the world by the end of next year and build back better from coronavirus,“ Johnson said in a statement, referencing a slogan that he and Biden have both used.
French President Emmanuel Macron welcomed the US commitment and said Europe should do the same. He said France would share at least 30 million doses globally by year’s end.
Biden predicted the US doses and the overall G-7 commitment would “supercharge” the global vaccination campaign, adding that the US doses come with no strings attached.
The US commitment is to buy and donate 500 million Pfizer doses for distribution through the global COVAX alliance to 92 lower-income countries and the African Union, bringing the first steady supply of mRNA vaccine to the countries that need it most.
The Pfizer agreement came together with some urgency in the last four weeks at Biden’s direction, said a senior White House official, both to meet critical needs overseas and to be ready for announcement at the G-7. The official, who spoke on condition of anonymity to discuss internal plans, added that the Biden administration was to apply the same wartime posture applied to the vaccine rollout in the US to its effort to share vaccines globally.
Biden said the US-manufactured doses will be shipped starting in August, with the goal of distributing 200 million by the end of the year. The remaining 300 million doses would be shipped in the first half of 2022. A price tag for the doses was not released, but the US is now set to be COVAX’s largest vaccine donor in addition to its single largest funder with a $4 billion commitment.
Humanitarian workers welcomed the donation but said the world needs more doses and they were hoping they would arrive sooner. Grand statements and promises need to be met with detailed plans backed by timelines for delivery, starting immediately.
“If we have a stop-start supply or if we store all the supply up for the end of the year, it’s very hard for low-income countries with quite fragile health care systems to then really be able to get those vaccines off the tarmac and into the arms of health care workers,“ said Lily Caprani, the head of Covid-19 vaccine advocacy at UNICEF. “We want a coordinated, time-bound, ambitious commitment starting from June and charting the course for the rest of the year.”
The global COVAX alliance has faced a slow start to its vaccination campaign, as richer nations have locked up billions of doses through contracts directly with drug manufacturers. The alliance has distributed just 81 million doses globally and parts of the world, particularly in Africa, remain vaccine deserts.
Biden’s move, officials said, was meant to ensure a substantial amount of manufacturing capacity remains open to the wealthy nations. Just last month, the European Commission signed an agreement to purchase as many as 1.8 billion Pfizer doses in the next two years, a significant share of the company’s upcoming production though the bloc reserved the right to donate some of its doses to COVAX.
White House officials said the ramped-up distribution program fits a theme Biden plans to hit frequently during his week in Europe: that Western democracies, and not authoritarian states, can deliver the most good for the world.
Biden, in his remarks, harked back to the Detroit-area workers who 80 years ago built tanks and planes “that helped defeat the threat of global fascism in World War II.”
China and Russia have shared their domestically produced vaccines with some needy countries, often with hidden strings attached. Sullivan said Biden “does want to show rallying the rest of the world’s democracies that democracies are the countries that can best deliver solutions for people everywhere.”
[ad_2]
Source link
