G7 Trade and Environment Senior Officials' Meeting Chairs' Summary

G7 Trade Meetings | Road to the 2021 UK Cornwall Summit

London, UK, September 30, 2021 (published October 21, 2021)

This year G7 Leaders, and Trade, Climate and Environment Ministers recognised that as the global economy begins to recover from the COVID-19 pandemic, our trade policies must align with environment policies to support our environmental objectives if we are to:

build back better and greener
achieve the UN Sustainable Development Goals
address climate change
halt biodiversity loss

It was also recognised that tackling these global issues requires coordinated global action.

In the 2030 Nature Compact, G7 Leaders tasked Trade, Environment and other relevant Ministries to hold an initial, joint official-level meeting to share best practices and consider appropriate domestic actions in taking forward commitments to support Sustainable Supply Chains (SSC) that decouple agricultural production from deforestation and forest degradation, including from illegal land conversion.

On 30 September, G7 Senior Officials met to discuss the ways in which policy makers can work together to develop approaches to address this issue. Officials reflected on:

current efforts and future plans to support the transition to sustainable supply chains, discussing approaches to identify actions and strategies
the role of trade and trade policies in supporting this agenda
efforts to engage with a variety of stakeholders (public and private) to develop effective policies

Other important areas of action highlighted included:

domestic regulation
international cooperation
data and evidence generation
sustainable finance and investment policy

The G7 welcomed presentations from Chatham House and the World Cocoa Foundation on the role of consumer countries in supporting sustainability. Key issues discussed included:

how to prioritise a possible package of measures to support decoupling agricultural production from deforestation and forest degradation
the need for consumer countries to work together to ensure demand side measures are as simple as possible for producers to work with

The G7 also discussed the Forest, Agriculture and Commodity Trade (FACT) Dialogue and how together, Trade and Environment Ministries could engage with and support long-term objectives of this dialogue and promote the next steps of this initiative to protect the world's forests and other vital eco systems while promoting sustainable trade and development.

The G7 reflected on this crucial time for action as we move towards the forthcoming UNFCCC COP26 and CBD COP15 recognising that progress on this agenda is a critical contribution towards:

meeting climate change and biodiversity goals
enhancing food security
improving livelihoods
building consumer confidence and resilient trade

We welcome the continued links between G7 Trade and Environment Ministries and recognise that further work on this agenda is needed to realise the transition to sustainable supply chains.

We look forward to continuing to engage on this critical agenda, including with other producer and consumer countries, such as through the FACT Dialogue and other multilateral fora, respecting and complementing existing processes.

[back to top]

Source: United Kingdom Department for International Trade

—	This Information System is provided by the University of Toronto Libraries and the G7 Research Group at the University of Toronto.
	Please send comments to: g7@utoronto.ca This page was last updated October 22, 2021.