G7 & OECD

G7: The G7 developed the voluntary code of conduct for safe AI, which the HAIP Reporting Framework aligns with, influencing global AI standards.

OECD: The OECD established the HAIP Reporting Framework, which OpenText joined, demonstrating its role in shaping global AI governance and promoting safe AI development.

G7: G7 finance ministers agreed on the need for action to tackle trade imbalances and address the economic fallout from the Iran war, including supporting vulnerable countries and diversifying critical mineral supplies.

OECD: The OECD warned that prolonged disruption of energy supplies from the Middle East due to the Iran war would severely impact the global economy, potentially leading to recession and increased inflation.

G7: The UK is forecast to be the fastest-growing G7 economy in Europe, according to the OECD.

OECD: The OECD published the report maintaining its UK forecasts and urging pro-growth reforms.

G7: The G7 nations have pledged to diversify away from China, adding momentum to the European Union's efforts to counter the trade imbalance. They are discussing plans to tackle the China threat, potentially including higher tariffs.

OECD: The OECD (OECD) reported that Chinese companies received significantly more government support than OECD firms, providing data that supports the EU's argument about unfair state subsidies.

G7: The G7 launched a new alliance and platform to reduce reliance on China for critical minerals, setting targets and exploring various mechanisms to secure supply chains and promote investment outside China.

OECD: The OECD was mentioned as a potential host for a permanent administrative secretariat for G7 critical minerals initiatives, though the U.S. is reluctant.

OECD: The OECD was mentioned in the G7 statement for its role in monitoring domestic policy impacts related to global imbalances.