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SUSTAINABILITY AND TRADE INITIATIVES IN MARITIME G7 CONFERENCE

SUSTAINABILITY AND TRADE INITIATIVES IN MARITIME G7 CONFERENCE

Tuesday, May 25, 2021 

The UK Chamber of Shipping hopes to bring together leading and developing shipping nations to discuss barriers to trade and improving collaboration on green R&D projects, in a meeting set to replicate the G7 event taking place in the UK later this year.

Matching the invitation list for the G7, and titled the ‘M7’, representatives from the UK, Australia, Canada, France, Germany, India, Italy, Japan, South Africa, South Korea and the US will join the virtual meeting taking place on 09 June.

Launching the initiative, UKCS President John Denholm said: “Shipping is vital for international trade and as we emerge from the Covid-19 crisis, there has never been a better time to strengthen our global connections and look for ways to improve trade and learn about projects that will deliver a cleaner, greener shipping industry. The G7 brings together the world’s leading economies and this year the UK government has extended the invitation to Australia, India, South Africa and South Korea. With the event taking place in the UK, we wanted to bring together the same countries and see how we, as leading and developing shipping nations, can better align trade regulations across the globe as well as co-ordinate green research and development projects. I want to thank all the participants for joining the first meeting of its kind and I hope in years to come this becomes a regular event which can emulate some of the successes of the G7.”

The event will start at 1300 BST and will begin by looking at advancements in digitising trade. The second part of the meeting will focus on green research and development projects and what initiatives the M7 members are participating in to improve decarbonisation across the shipping industry

M7 members will be encouraged to share experiences of coordinated research and development initiatives in their country and identify ways to better co-ordinate efforts in environmental R&D.

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