On Friday, the G-7 summit will get underway in Cornwall, England. But we’re already getting a bit of news. On Thursday, President Joe Biden and Prime Minister Boris Johnson agreed to sign a new Atlantic Charter on the “special relationship” between the United States and the United Kingdom.

Originally agreed in the summer of 1941, the Atlantic Charter gave form to Winston Churchill and Franklin Delano Roosevelt’s ambition that a new international order would prevail when World War II was won. Centered on democratic sovereignty, individual rights, and free trade, the charter has largely endured to this day. The new charter supports similar interests. These include “defending democracy, reaffirming the importance of collective security, and building a fair and sustainable global trading system.”