What is in news : US President Joe Biden and British Prime Minister Boris Johnson held meeting recently in Cornwall and inspected documents related to Atlantic Charter and signed a document titled “New Atlantic Charter”.

What is New Atlantic Charter: New Atlantic Charter is an agreement was signed on June 10, 2021 at 2021 G7 summit in England between Boris Johnson and Joe Biden. It is a new version of the Atlantic Charter of 1941. Agreement was signed to redefine Western alliance.

Objectives of New Atlantic Charter

New Atlantic Charter

• Was signed with the objective of defending principles & institutions of democracy and strengthening & adapting the institutions.
• Seeks to remain united behind principles of sovereignty, territorial integrity & peaceful resolution of disputes
• Will also try to maintain collective security & international stability even against cyber threats.
• Prioritises climate change across all international action.

What is Atlantic Charter:  Atlantic Charter is a declaration signed in August 1941 (after the end of second world war) by British Prime Minister Winston Churchill and U.S. President Franklin D. Roosevelt. Charter sets out common goals like free trade, disarmament & right to self-determination of all people. It is often called as a cornerstone of trans-Atlantic special relationship. This charter led to dismantling of British Empire and formation of NATO & General Agreement on Tariffs and Trade (GATT).