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G7 Summit Seen Ending Without Communiqué Due to Gaps on Trade: Source

PARIS – A Group of Seven summit to be held this weekend in France will likely end without a joint communique due to gaps between member nations on trade, a Japanese government official with knowledge of the matter said, Reuters reported Tuesday.
It would be the first time a G7 summit ends without a communique since meetings began in 1975, underscoring the rift U.S. President Donald Trump’s “America First” trade policies has created among the G7 advanced economies.
“It’s crucial for everyone to create a common understanding through thorough debate. But it’s hard to deliver messages to the rest of the world when a communique isn’t going to be issued,” the official said, confirming an earlier report by Japan’s public broadcaster NHK that there was no plan so far to issue a communique after the G7 leaders’ meeting.
“There’s no doubt the G7 will discuss the impact trade frictions could have on the global economy,” the official told Reuters on condition of anonymity because he is not authorized to speak to media.
The summit, to be held in the southwestern French city of Biarritz on Aug 24-26, comes at a time when the U.S.-China trade war and volatile financial markets are putting pressure on policymakers to step up efforts to avert a global recession.
Finding common ground between allies has become increasingly tough at the annual summit with the United States, an outlier in its approach to handling disputes over trade and the environment.
As this year’s G7 chair, France is keen to make progress on a global debate on universal taxation on digital giants. But the leaders are unlikely to break new ground at the summit, the official added.
The G7 comprises the United States, France, Britain, Japan, Germany, Italy, Canada and the European Union.
(Sahar News Monitoring Desk)

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