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Wikipedia

G7

The Group of Seven (G7) is an intergovernmental political & economic forum consisting of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States; additionally, the European Union (EU) is a "non-enumerated member". It is organized around shared values of pluralism, liberal democracy, and representative government.[1][2][3] G7 members are the major IMF advanced economies.

G7
Group of Seven
G7 leaders during the emergency meeting about the 2014 Russian annexation of Crimea
The G7-states (blue) and the EU (teal)

Member states and key leaders:


 CanadaPrime Minister Justin Trudeau
 FrancePresident Emmanuel Macron
 GermanyChancellor Olaf Scholz
 ItalyPrime Minister Giorgia Meloni
 JapanPrime Minister Fumio Kishida
 UKPrime Minister Rishi Sunak
 USPresident Joe Biden
 EU

Formation
  • 25 March 1973 (25 March 1973)
  • (Library Group)
  • 15 November 1975 (15 November 1975)
  • (1st G6 summit)
Founder
Founded at
TypeInformal club
PurposePolitical and economic forum
Formerly called

Originating from an ad hoc gathering of finance ministers in 1973, the G7 has since become a formal, high-profile venue for discussing and coordinating solutions to major global issues, especially in the areas of trade, security, economics, and climate change.[4] Each member's head of government or state, along with the EU's Commission President and European Council President, meet annually at the G7 Summit; other high-ranking officials of the G7 and the EU meet throughout the year. Representatives of other states and international organizations are often invited as guests, with Russia having been a formal member (as part of the G8) from 1997 until its expulsion in 2014.

The G7 is not based on a treaty and has no permanent secretariat or office. It is organized through a presidency that rotates annually among the member states, with the presiding state setting the group's priorities and hosting the summit; Japan presides for 2023.[5] While lacking a legal or institutional basis, the G7 is widely considered to wield significant international influence;[6] it has catalyzed or spearheaded several major global initiatives, including efforts to combat the HIV/AIDS pandemic, provide financial aid to developing countries, and address climate change through the 2015 Paris Agreement.[6][1][7] However, the group has been criticized by observers for its allegedly outdated and limited membership, narrow global representation, and ineffectualness.[8][9][10]

History edit

Origins edit

The concept of a forum for the capitalist world's major industrialized countries emerged before the 1973 oil crisis. On 25 March 1973, the U.S. Secretary of the Treasury, George Shultz, convened an informal gathering of finance ministers from West Germany (Helmut Schmidt), France (Valéry Giscard d'Estaing), and the United Kingdom (Anthony Barber) before an upcoming meeting in Washington, D.C. U.S. President Richard Nixon offered the White House as a venue, and the meeting was subsequently held in its library on the ground floor;[11] the original group of four consequently became known as the "Library Group".[12] In mid-1973, at the Spring Meetings of the International Monetary Fund and the World Bank, Shultz proposed the addition of Japan, which all members accepted.[11] The informal gathering of senior financial officials from the U.S., U.K., West Germany, Japan, and France became known as the "Group of Five".[13]

In 1974, all five members endured sudden and often troubled changes in leadership. French President Georges Pompidou abruptly died, leading to a fresh presidential election that was closely won by Valéry Giscard d'Estaing. West German Chancellor Willy Brandt, American President Richard Nixon, and Japanese Prime Minister Kakuei Tanaka all resigned due to scandals. In the United Kingdom, a hung election led to a minority government whose subsequent instability prompted another election the same year. Consequently, Nixon's successor, Gerald Ford, proposed a retreat the following year for the group's new leaders to learn about one another.

First summit and expansion edit

 
First G6 summit at the Chateau de Rambouillet in November 1975

At the initiative of Giscard d'Estaing and his German counterpart, Helmut Schmidt, France hosted a three-day summit in November 1975, inviting the Group of Five plus Italy, forming the "Group of Six" (G6).[14] Taking place at the Château de Rambouillet, the meeting focused on several major economic issues, including the oil crisis, the collapse of the Bretton Woods system, and the ongoing global recession.[15] The result was the 15-point "Declaration of Rambouillet", which, among other positions, announced the group's united commitment to promoting free trade, multilateralism, cooperation with the developing world, and rapprochement with the Eastern Bloc.[16] The members also established plans for future gatherings to take place regularly every year.

In 1976, British Prime Minister Harold Wilson, who had participated in the first G6 summit, resigned from office; Schmidt and Ford believed the group needed an English speaker with more political experience, and advocated for inviting Pierre Trudeau, who had been Prime Minister of Canada for eight years – significantly longer than any G6 leader. Canada was also the next largest advanced economy after the G6 members.[17] The summit in Dorado, Puerto Rico later that year became the first of the current Group of Seven (G7).[15]

In 1977, the United Kingdom, which hosted that year's summit, invited the European Economic Community to join all G7 summits; beginning in 1981, it has attended every gathering through the president of the European Commission and the leader of the country holding the presidency of the Council of the European Union.[18] Since 2009, the then-newly established position of the President of the European Council, who serves as the Union's principal foreign representative, also regularly attends the summits.

Rising profile edit

 
Flags of G7 members as seen on University Avenue, Toronto (September 2016)

Until the 1985 Plaza Accord, meetings between the seven governments' finance ministers were not public knowledge. The Accord, which involved only the original Group of Five, was announced the day before it was finalized, with a communiqué issued afterward.[19] The 1980s also marked the G7's expanded concerns beyond macroeconomic issues, namely with respect to international security and conflict; for example, it sought to address the ongoing conflicts between Iran and Iraq and between the Soviet Union and Afghanistan.

Following the 1994 summit in Naples, Russian officials held separate meetings with leaders of the G7. This informal arrangement was dubbed the "Political 8" (P8), colloquially the G7+1. At the invitation of the G7 leaders, Russian President Boris Yeltsin was invited first as a guest observer, and later as a full participant. After the 1997 meeting, Russia was formally invited to the next meeting and formally joined the group in 1998, resulting in the Group of Eight (G8).[15] Russia was an outlier in the group, as it lacked the national wealth and financial weight of other members, had never been a major advanced economy, and was not yet an established liberal democracy.[20][21] Its invitation, made during a difficult transition to a post-communist economy, is believed to have been motivated by a desire to encourage its political and economic reforms and international engagement.

Russia's membership was suspended in March 2014 in response to its annexation of Crimea.[22][23][24] Members stopped short of permanently ejecting the country,[25] and in subsequent years expressed an openness or express desire to reinstate Russian participation. In January 2017, Russia announced it would permanently leave the G8, which came into effect June 2018.[26][27] In 2020, U.S. President Donald Trump, backed by Italian Prime Minister Giuseppe Conte, advocated for Russia's return; all other members rejected the proposal, and Russia expressed no interest.[28]

Renewed calls for expanded membership edit

There have been various proposals to expand the G7. The U.S.-based Atlantic Council has held the D-10 Strategy Forum since 2014 with representatives from what it calls "leading democracies" which support a "rules-based democratic order", consisting of all members of the G7 (including the European Union) plus Australia and South Korea. Several democratic countries – including India, Indonesia, Poland, and Spain – participate as observers.[29] Centered around a similar mandate as the G7, the D-10 has been considered by some analysts to be an alternative to the group;[30] This is also favored by various think tanks and former British leader Boris Johnson.[29]

In 2019 under Putin, Russia had signaled support for the inclusion of China, India, and Turkey if the G7 had reinstated Russian membership.[31]

In 2020 under Trump, the U.S. had signaled support for the inclusion of Australia, Brazil, India, and South Korea, plus the reincorporation of Russia.[32][33] The leaders of the other six G7 members unanimously rejected this proposal.[34]

Also in November 2020, Jared Cohen and Richard Fontaine, writing in Foreign Affairs, suggested that the G7 might be expanded to a "T-12" of "Techno Democracies". Earlier, in June of that same year, the Global Partnership on Artificial Intelligence (GPAI) was announced. Something of a spin-out of the G7, founded by members Canada and France, GPAI's initial membership was 15, including both the EU and India, as well as Australia, Mexico, New Zealand, Singapore, Slovenia, and the Republic of Korea.

Boris Johnson invited members of Australia and the Republic of Korea to the June 2021 G7 summit.[30] India was also invited to the 2021 summit, with an aim to "deepen the expertise and experience around the table" along with the other guests, according to a U.K. government statement.[35]

In 2021, French jurist and consultant Eric Garner de Béville, a member of the Cercle Montesquieu, proposed Spain's membership to the G7.[36] American Chargé d'Affaires in Spain, Conrad Tribble, stated that the United States "enthusiastically supports" a "greater" role of Spanish leadership at the international level.[37]

In 2022, Germany has confirmed it will be inviting India,[38] against rumours to the contrary.[39][40][needs update]

In 2023, Japan's prime minister Fumio Kishida invited South Korea, Australia, India, Indonesia, Brazil, Vietnam, Comoros (representing the African Union), the Cook Islands (representing the Pacific Islands Forum) and Ukraine to the 49th summit hosted in Hiroshima.[41][42][43][44][45][46]

Activities and initiatives edit

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Host venues of G7 summits in Europe

The G7 was founded primarily to facilitate shared macroeconomic initiatives in response to contemporary economic problems; the first gathering was centered around the Nixon shock, the 1970s energy crisis, and the ensuing global recession.[47] Since 1975, the group has met annually at summits organized and hosted by whichever country occupies the annually-rotating presidency;[48] since 1987, the G7 Finance Ministers have met at least semi-annually, and up to four times a year at stand-alone meetings.[49]

Beginning in the 1980s, the G7 broadened its areas of concern to include issues of international security, human rights, and global security; for example, during this period, the G7 concerned itself with the ongoing Iran-Iraq War and Soviet occupation of Afghanistan.[48] In the 1990s, it launched a debt-relief program for the 42 heavily indebted poor countries (HIPC);[50] provided $300 million to help build the Shelter Structure over the damaged reactor at Chernobyl;[51] and established the Financial Stability Forum to help in "managing the international monetary system".[52]

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Host venues of G7 summits in North America

At the turn of the 21st century, the G7 began emphasizing engagement with the developing world. At the 1999 summit, the group helped launch the G20, a similar forum made up of the G7 and the next 13 largest economies (including the European Union), in order to "promote dialogue between major industrial and emerging market countries";[52] the G20 has been touted by some of its members as a replacement for the G7.[53] Having previously announced a plan to cancel 90% of bilateral debt for the HIPC, totaling $100 billion, in 2005 the G7 announced debt reductions of "up to 100%" to be negotiated on a "case by case" basis.[54]

Following the global financial crisis of 2007–2008, which was the worst of its kind since the 1970s,[55] the G7 met twice in Washington, D.C. in 2008 and in Rome, the following February.[56][57] News media reported that much of the world was looking to the group for leadership and solutions.[58] G7 finance ministers pledged to take "all necessary steps" to stem the crisis,[59] devising an "aggressive action plan" that included providing publicly funded capital infusions to banks in danger of failing.[60] Some analysts criticized the group for seemingly advocating that individual governments develop individual responses to the recession, rather than cohere around a united effort.[61]

In subsequent years, the G7 has faced several geopolitical challenges that have led some international analysts to question its credibility,[62] or propose its replacement by the G20.[63] On 2 March 2014, the G7 condemned the Russian Federation for its "violation of the sovereignty and territorial integrity of Ukraine" through its military intervention.[64] The group also announced its commitment to "mobilize rapid technical assistance to support Ukraine in addressing its macroeconomic, regulatory and anti-corruption challenges", while adding that the International Monetary Fund (IMF) was best suited to stabilizing the country's finances and economy.[64]

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Host venues of G7 summits in Japan

In response to Russia's subsequent annexation of Crimea, on 24 March the G7 convened an emergency meeting at the official residence of the Prime Minister of the Netherlands, the Catshuis in The Hague; this location was chosen because all G7 leaders were already present to attend the 2014 Nuclear Security Summit hosted by the Netherlands. This was the first G7 meeting neither taking place in a member state nor having the host leader participating in the meeting.[65] The upcoming G8 summit in Sochi, Russia was moved to Brussels, where the EU was the host. On 5 June 2014 the G7 condemned Moscow for its "continuing violation" of Ukraine's sovereignty and stated they were prepared to impose further sanctions on Russia.[66] This meeting was the first since Russia was suspended from the G8,[66] and subsequently it has not been involved in any G7 summit.

The G7 has continued to take a strong stance against Russia's "destabilising behaviour and malign activities" in Ukraine and elsewhere around the world, following the joint communique from the June 2021 summit in the U.K.[67] The group also called on Russia to address international cybercrime attacks launched from within its borders, and to investigate the use of chemical weapons on Russian opposition leader Alexei Navalny.[67] The June 2021 summit also saw the G7 commit to helping the world recover from the global COVID-19 pandemic (including plans to help vaccinate the entire world); encourage further action against climate change and biodiversity loss; and promote "shared values" of pluralism and democracy.[35]

In 2022, G7 leaders were invited to attend an extraordinary summit of NATO called in response to the 2022 Russian invasion of Ukraine.[68][69]

Summit organization edit

The annual G7 summit is attended by each member's head of government.[70] The member country holding the G7 presidency is responsible for organizing and hosting the year's summit. The serial annual summits can be parsed chronologically in arguably distinct ways, including as the sequence of host countries for the summits has recurred over time and series.[71] Generally every country hosts the summit once every seven years.[72]

Besides a main meeting in June or July, a number of other meetings may take place throughout the year; in 2021 for example, seven tracks existed for finance (4–5 June 2021), environmental (20 and 21 May 2021), health (3–4 June 2021), trade (27–28 May 2021), interior (7–9 September 2021) digital and technology (28–29 April 2021), development (3–5 May 2021) and foreign ministers.[73]

List of summits edit

Overview of G7 summits
# Date Host Host leader Location held Notes
1st 15–17 November 1975   France Valéry Giscard d'Estaing Château de Rambouillet, Yvelines The first and last G6 summit.
2nd 27–28 June 1976   United States Gerald R. Ford Dorado, Puerto Rico[74] Also called "Rambouillet II". Canada joined the group, forming the G7.[74]
3rd 7–8 May 1977   United Kingdom James Callaghan London, England The President of the European Commission was invited to join the annual G7 summits.
4th 16–17 July 1978   West Germany Helmut Schmidt Bonn, North Rhine-Westphalia
5th 28–29 June 1979   Japan Masayoshi Ōhira Tokyo
6th 22–23 June 1980   Italy Francesco Cossiga Venice, Veneto Prime Minister Ōhira died in office on 12 June; Foreign Minister Saburō Ōkita led the delegation that represented Japan.
7th 20–21 July 1981   Canada Pierre E. Trudeau Montebello, Québec
8th 4–6 June 1982   France François Mitterrand Versailles, Yvelines
9th 28–30 May 1983   United States Ronald Reagan Williamsburg, Virginia
10th 7–9 June 1984   United Kingdom Margaret Thatcher London, England
11th 2–4 May 1985   West Germany Helmut Kohl Bonn, North Rhine-Westphalia
12th 4–6 May 1986   Japan Yasuhiro Nakasone Tokyo
13th 8–10 June 1987   Italy Amintore Fanfani Venice, Veneto
14th 19–21 June 1988   Canada Brian Mulroney Toronto, Ontario
15th 14–16 July 1989   France François Mitterrand Paris, Paris FATF was formed
16th 9–11 July 1990   United States George H. W. Bush Houston, Texas
17th 15–17 July 1991   United Kingdom John Major London, England
18th 6–8 July 1992   Germany Helmut Kohl Munich, Bavaria The first G7 summit in reunified Germany.
19th 7–9 July 1993   Japan Kiichi Miyazawa Tokyo
20th 8–10 July 1994   Italy Silvio Berlusconi Naples, Campania
21st 15–17 June 1995   Canada Jean Chrétien Halifax, Nova Scotia
22nd 27–29 June 1996   France Jacques Chirac Lyon, Rhône The first summit to debut international organizations, namely the United Nations, World Bank, International Monetary Fund, and the World Trade Organization.[75]
23rd 20–22 June 1997   United States Bill Clinton Denver, Colorado Russia joined the group, forming the G8.
24th 15–17 May 1998   United Kingdom Tony Blair Birmingham, West Midlands
25th 18–20 June 1999   Germany Gerhard Schröder Cologne, North Rhine-Westphalia The first summit of the G20 major economies at Berlin.
26th 21–23 July 2000   Japan Yoshirō Mori Nago, Okinawa South Africa was invited to the summit for the first time, and was thereafter invited annually without interruption until the 38th G8 summit in 2012. With permission from a G8 leader, other nations were invited to the summit on a periodical basis for the first time. Nigeria, Algeria, and Senegal accepted their invitations here. The World Health Organization was also invited for the first time.[75]
27th 21–22 July 2001   Italy Silvio Berlusconi Genoa, Liguria Leaders from Bangladesh, Mali, and El Salvador accepted their invitations here.[75] Demonstrator Carlo Giuliani was shot and killed by the Carabinieri during a violent demonstration. One of the largest and most violent anti-globalization movement protests occurred during the summit.[76] Following those events and the 11 September attacks two months later in 2001, the summits have been held at more remote locations.
28th 26–27 June 2002   Canada Jean Chrétien Kananaskis, Alberta Russia gained permission to officially host a G8 Summit.
29th 1–3 June 2003   France Jacques Chirac Évian-les-Bains, Haute-Savoie The G8+5 was unofficially formed when China, India, Brazil, and Mexico were invited to this summit for the first time (the other member of the +5 was South Africa). Other first-time nations that were invited by the French president included Egypt, Morocco, Saudi Arabia, Malaysia, and Switzerland.[75]
30th 8–10 June 2004   United States George W. Bush Sea Island, Georgia A record number of leaders from 12 different nations accepted their invitations here. Amongst a couple of veteran nations, the others were: Ghana, Afghanistan, Bahrain, Iraq, Jordan, Turkey, Yemen, and Uganda.[75] The state funeral of former President Ronald Reagan took place in Washington during the summit. Many of the G8 leaders attended this funeral, along with 20 other heads of state.
31st 6–8 July 2005   United Kingdom Tony Blair Gleneagles, Scotland The G8+5 was officially formed. On the second day of the meeting, suicide bombers killed 52 people on the London Underground and a bus. Ethiopia and Tanzania were invited for the first time. The African Union and the International Energy Agency made their debut here.[75] 225,000 people took to the streets of Edinburgh as part of the Make Poverty History campaign calling for Trade Justice, Debt Relief and Better Aid. Numerous other demonstrations also took place challenging the legitimacy of the G8.[77]
32nd 15–17 July 2006   Russia
(G8 member, not G7)[20]
Vladimir Putin Strelna, Saint Petersburg The only G8 summit held in Russia. The International Atomic Energy Agency and UNESCO made their debut here.[75]
33rd 6–8 June 2007   Germany Angela Merkel Heiligendamm, Mecklenburg-Western Pomerania Seven different international organizations accepted their invitations to this summit. The Organisation for Economic Co-operation and Development and the Commonwealth of Independent States made their debut here.[75]
34th 7–9 July 2008   Japan Yasuo Fukuda Tōyako, Hokkaidō Australia, Indonesia, and South Korea accepted their G8 summit invitations for the first time.[75]
35th 8–10 July 2009   Italy Silvio Berlusconi L'Aquila, Abruzzo This G8 summit was originally planned to be held in La Maddalena (Sardinia), but was moved to L'Aquila as a way of showing Prime Minister Berlusconi's desire to help the region after the 2009 L'Aquila earthquake.[78] With 15 invited countries, it was the most heavily attended summit in the history of the group. Angola, Denmark, Netherlands, and Spain accepted their invitations for the first time.[79] A record of 11 international organizations were represented in this summit. For the first time, the Food and Agriculture Organization, the International Fund for Agricultural Development, the World Food Programme, and the International Labour Organization accepted their invitations.[80]
36th 25–26 June 2010[81]   Canada Stephen Harper Huntsville, Ontario[82] Malawi, Colombia, Haiti, and Jamaica accepted their invitations for the first time.[83]
37th 26–27 May 2011   France Nicolas Sarkozy Deauville,[84][85] Calvados Guinea, Niger, Côte d'Ivoire, and Tunisia accepted their invitations for the first time. The League of Arab States made its debut in the meeting.[86]
38th 18–19 May 2012   United States Barack Obama Camp David, Maryland The summit was originally planned for Chicago, along with the NATO summit,[87] but on 5 March 2012 an official announcement was made that the summit would be held at the more private location of Camp David, and starting one day earlier than previously scheduled.[88] The second summit in which one of the leaders, in this case Vladimir Putin, declined to participate. The summit concentrated on the core leaders only, as no non-G8 leaders or international organizations were invited.
39th 17–18 June 2013   United Kingdom David Cameron Lough Erne, County Fermanagh, Northern Ireland[89] As in 2012, only the core members of the G8 attended this meeting. The four main topics that were discussed here were trade, government transparency, tackling tax evasion, and the ongoing Syrian crisis.[90]
40th 4–5 June 2014   European Union Herman Van Rompuy
José Manuel Barroso
Brussels, Belgium This summit was originally planned to be held in Sochi, Russia, but was relocated, with Russia disinvited, due to the latter's annexation of Crimea.[91][92] Thus, the grouping reverted from G8 back to G7. (There was an emergency meeting in March 2014 in The Hague.)
41st 7–8 June 2015   Germany Angela Merkel Schloss Elmau, Bavaria[93] The summit was focused on the global economy, as well as on key issues regarding foreign, security, and development policy.[94] The Global Apollo Programme was also on the agenda.[95]
42nd 26–27 May 2016[96][97]   Japan Shinzō Abe Shima, Mie Prefecture[98] The G7 leaders aimed to address challenges affecting the growth of the world economy, like slowdowns in emerging markets and drops in price of oil. The G7 also issued a warning to the United Kingdom that "a UK exit from the EU would reverse the trend towards greater global trade and investment, and the jobs they create and is a further serious risk to growth."[99] Commitment to an EU–Japan Free Trade Agreement.
43rd 26–27 May 2017[100]   Italy Paolo Gentiloni Taormina, Sicily[101] The G7 leaders emphasized common endeavours: ending the Syrian crisis, fulfilling the UN mission in Libya, and reducing the presence of ISIS, ISIL, and Da'esh in Syria and Iraq. North Korea was urged to comply with UN resolutions, and Russian responsibility for the Ukrainian conflict was stressed. Supporting economic activity and ensuring price stability was demanded, while inequalities in trade and gender were called to be challenged. It was agreed to help countries in creating conditions that address the drivers of migration: ending hunger, increasing competitiveness, and advancing global health security.[102][103]
44th 8–9 June 2018   Canada[104] Justin Trudeau La Malbaie, Québec (Charlevoix)[105] The summit took place at the Manoir Richelieu. Prime Minister Trudeau announced five themes for Canada's G7 presidency, which began in January 2018. Climate, along with commerce trades, was one of the main themes. "Working together on climate change, oceans and clean energy."[106] The final statement contained 28 points. US President Donald Trump did not agree to the economic section of the final statement.[107] The G7 members also announced to recall sanctions and to be ready to take further restrictive measures against Russian Federation for its failure to implement the Minsk Protocol completely.[108]
45th 24–26 August 2019   France[109] Emmanuel Macron Biarritz, Pyrénées-Atlantiques It was agreed at the summit that the World Trade Organization, "with regard to intellectual property protection, to settle disputes more swiftly and to eliminate unfair trade practices", "to simplify regulatory barriers and modernize international taxation within the framework of the OECD", "to ensure that Iran never acquires nuclear weapons and to foster peace and stability in the region", and "to support a truce in Libya that will lead to a long-term ceasefire". The summit also addressed the Russian military intervention in Ukraine and the 2019 Hong Kong anti-extradition bill protests.[110][111][112][113]
46th Cancelled   United States (cancelled)[109] Donald Trump (cancelled) Camp David, Maryland (cancelled) The summit was originally to be held in Camp David, Maryland, but was officially postponed on 19 March 2020 due to the concerns over the worldwide coronavirus pandemic, and was planned to be replaced by a global videoconference,[114] but in the end, no meeting was held.
47th 11–13 June 2021[115]   United Kingdom Boris Johnson Carbis Bay, Cornwall, England[116] The summit reached provisional agreement on a global minimum corporate tax rate of 15%.[117]
48th 26–28 June 2022[118]   Germany[102] Olaf Scholz Schloss Elmau, Bavaria[119] Discussed with Ukrainian president Volodymyr Zelenskyy virtually, and the statement on support for Ukraine was issued.[120][121] Also discussed with invited guests about global food security, gender equality and "Investing in a Better Future" on climate, energy and health, and G7 Leaders' Communiqué was issued after the summit meetings.[122][123]
49th 19–21 May 2023[124]   Japan[102] Fumio Kishida Hiroshima[125] At the situation of the world facing multiple crises, including Russian invasion of Ukraine, climate crisis, pandemic, and geopolitical crisis, the G7 discussed to counter these crisis. The G7 affirmed to uphold "the free and open international order" based on "the rule of law", and strengthened the G7's outreach to the emerging and developing countries.[126] The long guest list reflects the attempts to woo what many call the "Global South", a term used for developing countries in Asia, Africa and Latin America, all of whom have complex political and economic ties to both Russia and China.[127] President of Ukraine Volodymyr Zelenskyy attended two sessions as guest and got a lot of attention.[128]
50th 13–15 June 2024   Italy[102] Giorgia Meloni Borgo Egnazia, Apulia
51st TBD, 2025   Canada TBD TBD

Country leaders and EU representatives (as of 2023) edit

Current leaders edit

Leaders of G7 members
Member Leader(s) Minister of Finance Central Bank Governor Party
Canada Prime Minister Justin Trudeau Minister of Finance Chrystia Freeland Governor Tiff Macklem Liberal
France President Emmanuel Macron Minister of the Economy and Finance Bruno Le Maire Governor François Villeroy de Galhau Renaissance
Germany Chancellor Olaf Scholz Minister of Finance Christian Lindner President Joachim Nagel SPD
FDP
Italy Prime Minister Giorgia Meloni Minister of Economy and Finance Giancarlo Giorgetti Governor Ignazio Visco FdI
Lega
Japan Prime Minister Fumio Kishida Minister of Finance Shunichi Suzuki Governor Kazuo Ueda LDP
United Kingdom Prime Minister Rishi Sunak Chancellor of the Exchequer Jeremy Hunt Governor Andrew Bailey Conservative
United States President Joe Biden Secretary of the Treasury Janet Yellen Chair Jerome Powell Democratic
European Union Council President[129] Charles Michel Commissioner for Economy Paolo Gentiloni President Christine Lagarde
Commission President[129] Ursula von der Leyen

Member country data edit

The G7 is composed of the seven wealthiest advanced countries. The People's Republic of China, according to its data, would be the second-largest with 17.90% of the world net wealth,[130] but is excluded because of its relatively low net wealth per adult and Human Development Index.[20] As of 2021, Crédit Suisse reports the G7 (without the European Union) represents around 53% of the global net wealth;[131] including the EU, the G7 accounts for over 60% of the global net wealth.[131]

Overview of G7 members
Member Trade mil. USD (2014) Nominal GDP (USD million)[132] PPP GDP (Int$ million)[132] Nominal GDP per capita ($)[132] PPP GDP per capita (Int$)[132] HDI (2021) Population (2022-2023) Permanent members of UN Security Council DAC OECD Economic classification (IMF)[132]
Canada 947,200 2,089,672 2,385,124 52,722 60,177 0.936 39,891,963  N  Y  Y Advanced
France 1,212,300 2,923,489 3,872,729 44,408 58,828 0.903 68,042,591  Y  Y  Y Advanced
Germany 2,866,600 4,308,854 5,545,656 51,383 66,132 0.942 84,270,625  N  Y  Y Advanced
Italy 948,600 2,169,745 3,195,548 36,812 44,160 0.895 58,815,463  N  Y  Y Advanced
Japan 1,522,400 4,409,738 6,456,527 35,385 51,809 0.925 124,470,000  N  Y  Y Advanced
United Kingdom 1,189,400 3,158,938 3,846,931 46,371 56,471 0.929 67,026,292  Y  Y  Y Advanced
United States 3,944,000 26,854,599 26,854,599 80,034 80,034 0.921 334,748,000  Y  Y  Y Advanced
European Union 4,485,000 17,818,782 25,399,093 39,940 56,929 0.899 446,828,803  Y Advanced / Emerging and Developing[133]

Criticisms and controversies edit

2015 protests edit

About 7,500 protesters led by the group 'Stop-G7' demonstrated during the summit. About 300 of those reached the 3 m high and 7 km long security fence surrounding the summit location. The protesters questioned the legitimacy of the G7 to make decisions that could affect the whole world. Authorities had banned demonstrations in the area closest to the summit location and 20,000 police were on duty in Southern Bavaria to keep activists and protesters from interfering with the summit.[134][135]

2018 Trump conflict over tariffs and Russia edit

The 2018 meeting in Charlevoix, Canada, was marred by fractious negotiations concerning tariffs and Donald Trump's position that Russia should be reinstated to the G7. The Trump administration had just imposed steel and aluminium tariffs on many countries, including European countries that are fellow members of the G7, and Canada, the host country for the 2018 meeting. Trump expressed dismay at Canadian Prime Minister Justin Trudeau for holding a press conference in which Canada restated its position on tariffs (a public criticism of Trump's economic policy), and directed his representatives at the meeting not to sign the economic section of the joint communiqué that is typically issued at the conclusion of the meeting. German Chancellor Angela Merkel described Trump's behaviour as a "depressing withdrawal", while French President Emmanuel Macron invited him "to be serious".[136] In the final statement signed by all members except the US, the G7 announced its intention to recall sanctions and to be ready to take further restrictive measures within the next months against the Russian Federation for its failure to completely implement the Minsk Agreement.[108]

Trump repeated calls for Russia to be re-admitted to the group at the 2019 meeting in Biarritz, saying it should be included in discussions relating to Iran, Syria, and North Korea. The Italian Prime Minister Giuseppe Conte supported Trump's proposal, Shinzo Abe of Japan was neutral, and the rest of the G7 pushed back against the suggestion, after which the atmosphere allegedly became "tense".[citation needed]

2019 Amazon rainforest fires and Brazil edit

U.S. President Donald Trump's reiteration that Russia should be readmitted to the group (see above), the instigation of a trade war with China, increased tensions in Iran, Trump's alleged reluctance to attend the conference, and a number of international crises made the 2019 G7 meeting in Biarritz, France, the most divided since its inception. Following President Trump's previous revocation of his signature to a joint communiqué agreed to in 2018 due to an alleged slight from Canadian Prime Minister Justin Trudeau (see above), French President Emmanuel Macron agreed that the group would not issue a joint communiqué at the Biarritz conference.

The G7 nations pledged US$20 million to help Brazil and other countries in South America fight the wildfires. This money was welcomed, although it was widely seen as a "relatively small amount" given the scale of the problem. Macron threatened to block a major trade deal between the European Union and Brazil (Mercosur) that would benefit the agricultural interests accused of driving deforestation.[citation needed]

See also edit

Notes edit

References edit

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External links edit

  • 2023 G7 presidency Japan
  • 2022 G7 presidency Germany
  • 2021 G7 presidency UK
  • G7/8 Information Centre – University of Toronto
  • The EU engages in actions and discussions with other members of the G7 on topics relating to agriculture

group, redirects, here, unofficial, european, group, other, uses, disambiguation, group, seven, redirects, here, canadian, group, artists, group, seven, artists, other, uses, group, seven, disambiguation, group, seven, intergovernmental, political, economic, f. Group of Six redirects here For the unofficial European group see G6 EU For other uses see G7 disambiguation Group of Seven redirects here For the Canadian group of artists see Group of Seven artists For other uses see Group of Seven disambiguation The Group of Seven G7 is an intergovernmental political amp economic forum consisting of Canada France Germany Italy Japan the United Kingdom and the United States additionally the European Union EU is a non enumerated member It is organized around shared values of pluralism liberal democracy and representative government 1 2 3 G7 members are the major IMF advanced economies G7Group of SevenG7 leaders during the emergency meeting about the 2014 Russian annexation of CrimeaThe G7 states blue and the EU teal Member states and key leaders CanadaPrime Minister Justin Trudeau FrancePresident Emmanuel Macron GermanyChancellor Olaf Scholz ItalyPrime Minister Giorgia Meloni JapanPrime Minister Fumio Kishida UKPrime Minister Rishi Sunak USPresident Joe Biden EUCouncil President Charles Michel Commission President Ursula von der LeyenFormation25 March 1973 25 March 1973 Library Group 15 November 1975 15 November 1975 1st G6 summit FounderLibrary Group George ShultzHelmut SchmidtValery Giscard d EstaingAnthony Barber 1st G6 summit Gerald FordValery Giscard d EstaingHelmut SchmidtAldo MoroTakeo MikiHarold WilsonFounded atWashington D C Library Group Rambouillet 1st G6 summit TypeInformal clubPurposePolitical and economic forumFormerly calledLibrary GroupGroup of Six G6 Group of Eight G8 reversion Originating from an ad hoc gathering of finance ministers in 1973 the G7 has since become a formal high profile venue for discussing and coordinating solutions to major global issues especially in the areas of trade security economics and climate change 4 Each member s head of government or state along with the EU s Commission President and European Council President meet annually at the G7 Summit other high ranking officials of the G7 and the EU meet throughout the year Representatives of other states and international organizations are often invited as guests with Russia having been a formal member as part of the G8 from 1997 until its expulsion in 2014 The G7 is not based on a treaty and has no permanent secretariat or office It is organized through a presidency that rotates annually among the member states with the presiding state setting the group s priorities and hosting the summit Japan presides for 2023 5 While lacking a legal or institutional basis the G7 is widely considered to wield significant international influence 6 it has catalyzed or spearheaded several major global initiatives including efforts to combat the HIV AIDS pandemic provide financial aid to developing countries and address climate change through the 2015 Paris Agreement 6 1 7 However the group has been criticized by observers for its allegedly outdated and limited membership narrow global representation and ineffectualness 8 9 10 Contents 1 History 1 1 Origins 1 2 First summit and expansion 1 3 Rising profile 2 Renewed calls for expanded membership 3 Activities and initiatives 3 1 Summit organization 4 List of summits 5 Country leaders and EU representatives as of 2023 5 1 Current leaders 5 2 Member country data 6 Criticisms and controversies 6 1 2015 protests 6 2 2018 Trump conflict over tariffs and Russia 6 3 2019 Amazon rainforest fires and Brazil 7 See also 8 Notes 9 References 10 External linksHistory editOrigins edit The concept of a forum for the capitalist world s major industrialized countries emerged before the 1973 oil crisis On 25 March 1973 the U S Secretary of the Treasury George Shultz convened an informal gathering of finance ministers from West Germany Helmut Schmidt France Valery Giscard d Estaing and the United Kingdom Anthony Barber before an upcoming meeting in Washington D C U S President Richard Nixon offered the White House as a venue and the meeting was subsequently held in its library on the ground floor 11 the original group of four consequently became known as the Library Group 12 In mid 1973 at the Spring Meetings of the International Monetary Fund and the World Bank Shultz proposed the addition of Japan which all members accepted 11 The informal gathering of senior financial officials from the U S U K West Germany Japan and France became known as the Group of Five 13 In 1974 all five members endured sudden and often troubled changes in leadership French President Georges Pompidou abruptly died leading to a fresh presidential election that was closely won by Valery Giscard d Estaing West German Chancellor Willy Brandt American President Richard Nixon and Japanese Prime Minister Kakuei Tanaka all resigned due to scandals In the United Kingdom a hung election led to a minority government whose subsequent instability prompted another election the same year Consequently Nixon s successor Gerald Ford proposed a retreat the following year for the group s new leaders to learn about one another First summit and expansion edit nbsp First G6 summit at the Chateau de Rambouillet in November 1975At the initiative of Giscard d Estaing and his German counterpart Helmut Schmidt France hosted a three day summit in November 1975 inviting the Group of Five plus Italy forming the Group of Six G6 14 Taking place at the Chateau de Rambouillet the meeting focused on several major economic issues including the oil crisis the collapse of the Bretton Woods system and the ongoing global recession 15 The result was the 15 point Declaration of Rambouillet which among other positions announced the group s united commitment to promoting free trade multilateralism cooperation with the developing world and rapprochement with the Eastern Bloc 16 The members also established plans for future gatherings to take place regularly every year In 1976 British Prime Minister Harold Wilson who had participated in the first G6 summit resigned from office Schmidt and Ford believed the group needed an English speaker with more political experience and advocated for inviting Pierre Trudeau who had been Prime Minister of Canada for eight years significantly longer than any G6 leader Canada was also the next largest advanced economy after the G6 members 17 The summit in Dorado Puerto Rico later that year became the first of the current Group of Seven G7 15 In 1977 the United Kingdom which hosted that year s summit invited the European Economic Community to join all G7 summits beginning in 1981 it has attended every gathering through the president of the European Commission and the leader of the country holding the presidency of the Council of the European Union 18 Since 2009 the then newly established position of the President of the European Council who serves as the Union s principal foreign representative also regularly attends the summits Rising profile edit nbsp Flags of G7 members as seen on University Avenue Toronto September 2016 Until the 1985 Plaza Accord meetings between the seven governments finance ministers were not public knowledge The Accord which involved only the original Group of Five was announced the day before it was finalized with a communique issued afterward 19 The 1980s also marked the G7 s expanded concerns beyond macroeconomic issues namely with respect to international security and conflict for example it sought to address the ongoing conflicts between Iran and Iraq and between the Soviet Union and Afghanistan Following the 1994 summit in Naples Russian officials held separate meetings with leaders of the G7 This informal arrangement was dubbed the Political 8 P8 colloquially the G7 1 At the invitation of the G7 leaders Russian President Boris Yeltsin was invited first as a guest observer and later as a full participant After the 1997 meeting Russia was formally invited to the next meeting and formally joined the group in 1998 resulting in the Group of Eight G8 15 Russia was an outlier in the group as it lacked the national wealth and financial weight of other members had never been a major advanced economy and was not yet an established liberal democracy 20 21 Its invitation made during a difficult transition to a post communist economy is believed to have been motivated by a desire to encourage its political and economic reforms and international engagement Russia s membership was suspended in March 2014 in response to its annexation of Crimea 22 23 24 Members stopped short of permanently ejecting the country 25 and in subsequent years expressed an openness or express desire to reinstate Russian participation In January 2017 Russia announced it would permanently leave the G8 which came into effect June 2018 26 27 In 2020 U S President Donald Trump backed by Italian Prime Minister Giuseppe Conte advocated for Russia s return all other members rejected the proposal and Russia expressed no interest 28 Renewed calls for expanded membership editThere have been various proposals to expand the G7 The U S based Atlantic Council has held the D 10 Strategy Forum since 2014 with representatives from what it calls leading democracies which support a rules based democratic order consisting of all members of the G7 including the European Union plus Australia and South Korea Several democratic countries including India Indonesia Poland and Spain participate as observers 29 Centered around a similar mandate as the G7 the D 10 has been considered by some analysts to be an alternative to the group 30 This is also favored by various think tanks and former British leader Boris Johnson 29 In 2019 under Putin Russia had signaled support for the inclusion of China India and Turkey if the G7 had reinstated Russian membership 31 In 2020 under Trump the U S had signaled support for the inclusion of Australia Brazil India and South Korea plus the reincorporation of Russia 32 33 The leaders of the other six G7 members unanimously rejected this proposal 34 Also in November 2020 Jared Cohen and Richard Fontaine writing in Foreign Affairs suggested that the G7 might be expanded to a T 12 of Techno Democracies Earlier in June of that same year the Global Partnership on Artificial Intelligence GPAI was announced Something of a spin out of the G7 founded by members Canada and France GPAI s initial membership was 15 including both the EU and India as well as Australia Mexico New Zealand Singapore Slovenia and the Republic of Korea Boris Johnson invited members of Australia and the Republic of Korea to the June 2021 G7 summit 30 India was also invited to the 2021 summit with an aim to deepen the expertise and experience around the table along with the other guests according to a U K government statement 35 In 2021 French jurist and consultant Eric Garner de Beville a member of the Cercle Montesquieu proposed Spain s membership to the G7 36 American Charge d Affaires in Spain Conrad Tribble stated that the United States enthusiastically supports a greater role of Spanish leadership at the international level 37 In 2022 Germany has confirmed it will be inviting India 38 against rumours to the contrary 39 40 needs update In 2023 Japan s prime minister Fumio Kishida invited South Korea Australia India Indonesia Brazil Vietnam Comoros representing the African Union the Cook Islands representing the Pacific Islands Forum and Ukraine to the 49th summit hosted in Hiroshima 41 42 43 44 45 46 Activities and initiatives edit nbsp nbsp 1st nbsp 3rd 10th 17th nbsp 4th 11th nbsp 6th 13th nbsp 8th nbsp 15th nbsp 18th nbsp 20th nbsp 22nd nbsp 24th nbsp 25th nbsp 27th nbsp 29th nbsp 31st nbsp 32nd nbsp 33rd nbsp 35th nbsp 37th nbsp 39th nbsp 40th nbsp 41st nbsp 43rd nbsp 45th nbsp 47thclass notpageimage Host venues of G7 summits in Europe The G7 was founded primarily to facilitate shared macroeconomic initiatives in response to contemporary economic problems the first gathering was centered around the Nixon shock the 1970s energy crisis and the ensuing global recession 47 Since 1975 the group has met annually at summits organized and hosted by whichever country occupies the annually rotating presidency 48 since 1987 the G7 Finance Ministers have met at least semi annually and up to four times a year at stand alone meetings 49 Beginning in the 1980s the G7 broadened its areas of concern to include issues of international security human rights and global security for example during this period the G7 concerned itself with the ongoing Iran Iraq War and Soviet occupation of Afghanistan 48 In the 1990s it launched a debt relief program for the 42 heavily indebted poor countries HIPC 50 provided 300 million to help build the Shelter Structure over the damaged reactor at Chernobyl 51 and established the Financial Stability Forum to help in managing the international monetary system 52 nbsp nbsp 2nd nbsp 7th nbsp 9th nbsp 14th nbsp 16th nbsp 21st nbsp 23rd nbsp 28th nbsp 30th nbsp 36th nbsp 38th nbsp 44thclass notpageimage Host venues of G7 summits in North America At the turn of the 21st century the G7 began emphasizing engagement with the developing world At the 1999 summit the group helped launch the G20 a similar forum made up of the G7 and the next 13 largest economies including the European Union in order to promote dialogue between major industrial and emerging market countries 52 the G20 has been touted by some of its members as a replacement for the G7 53 Having previously announced a plan to cancel 90 of bilateral debt for the HIPC totaling 100 billion in 2005 the G7 announced debt reductions of up to 100 to be negotiated on a case by case basis 54 Following the global financial crisis of 2007 2008 which was the worst of its kind since the 1970s 55 the G7 met twice in Washington D C in 2008 and in Rome the following February 56 57 News media reported that much of the world was looking to the group for leadership and solutions 58 G7 finance ministers pledged to take all necessary steps to stem the crisis 59 devising an aggressive action plan that included providing publicly funded capital infusions to banks in danger of failing 60 Some analysts criticized the group for seemingly advocating that individual governments develop individual responses to the recession rather than cohere around a united effort 61 In subsequent years the G7 has faced several geopolitical challenges that have led some international analysts to question its credibility 62 or propose its replacement by the G20 63 On 2 March 2014 the G7 condemned the Russian Federation for its violation of the sovereignty and territorial integrity of Ukraine through its military intervention 64 The group also announced its commitment to mobilize rapid technical assistance to support Ukraine in addressing its macroeconomic regulatory and anti corruption challenges while adding that the International Monetary Fund IMF was best suited to stabilizing the country s finances and economy 64 nbsp nbsp 5th 12th 19th nbsp 26th nbsp 34th nbsp 42nd nbsp 49thclass notpageimage Host venues of G7 summits in Japan In response to Russia s subsequent annexation of Crimea on 24 March the G7 convened an emergency meeting at the official residence of the Prime Minister of the Netherlands the Catshuis in The Hague this location was chosen because all G7 leaders were already present to attend the 2014 Nuclear Security Summit hosted by the Netherlands This was the first G7 meeting neither taking place in a member state nor having the host leader participating in the meeting 65 The upcoming G8 summit in Sochi Russia was moved to Brussels where the EU was the host On 5 June 2014 the G7 condemned Moscow for its continuing violation of Ukraine s sovereignty and stated they were prepared to impose further sanctions on Russia 66 This meeting was the first since Russia was suspended from the G8 66 and subsequently it has not been involved in any G7 summit The G7 has continued to take a strong stance against Russia s destabilising behaviour and malign activities in Ukraine and elsewhere around the world following the joint communique from the June 2021 summit in the U K 67 The group also called on Russia to address international cybercrime attacks launched from within its borders and to investigate the use of chemical weapons on Russian opposition leader Alexei Navalny 67 The June 2021 summit also saw the G7 commit to helping the world recover from the global COVID 19 pandemic including plans to help vaccinate the entire world encourage further action against climate change and biodiversity loss and promote shared values of pluralism and democracy 35 In 2022 G7 leaders were invited to attend an extraordinary summit of NATO called in response to the 2022 Russian invasion of Ukraine 68 69 Summit organization edit The annual G7 summit is attended by each member s head of government 70 The member country holding the G7 presidency is responsible for organizing and hosting the year s summit The serial annual summits can be parsed chronologically in arguably distinct ways including as the sequence of host countries for the summits has recurred over time and series 71 Generally every country hosts the summit once every seven years 72 Besides a main meeting in June or July a number of other meetings may take place throughout the year in 2021 for example seven tracks existed for finance 4 5 June 2021 environmental 20 and 21 May 2021 health 3 4 June 2021 trade 27 28 May 2021 interior 7 9 September 2021 digital and technology 28 29 April 2021 development 3 5 May 2021 and foreign ministers 73 List of summits editOverview of G7 summits Date Host Host leader Location held Notes1st 15 17 November 1975 nbsp France Valery Giscard d Estaing Chateau de Rambouillet Yvelines The first and last G6 summit 2nd 27 28 June 1976 nbsp United States Gerald R Ford Dorado Puerto Rico 74 Also called Rambouillet II Canada joined the group forming the G7 74 3rd 7 8 May 1977 nbsp United Kingdom James Callaghan London England The President of the European Commission was invited to join the annual G7 summits 4th 16 17 July 1978 nbsp West Germany Helmut Schmidt Bonn North Rhine Westphalia5th 28 29 June 1979 nbsp Japan Masayoshi Ōhira Tokyo6th 22 23 June 1980 nbsp Italy Francesco Cossiga Venice Veneto Prime Minister Ōhira died in office on 12 June Foreign Minister Saburō Ōkita led the delegation that represented Japan 7th 20 21 July 1981 nbsp Canada Pierre E Trudeau Montebello Quebec8th 4 6 June 1982 nbsp France Francois Mitterrand Versailles Yvelines9th 28 30 May 1983 nbsp United States Ronald Reagan Williamsburg Virginia10th 7 9 June 1984 nbsp United Kingdom Margaret Thatcher London England11th 2 4 May 1985 nbsp West Germany Helmut Kohl Bonn North Rhine Westphalia12th 4 6 May 1986 nbsp Japan Yasuhiro Nakasone Tokyo13th 8 10 June 1987 nbsp Italy Amintore Fanfani Venice Veneto14th 19 21 June 1988 nbsp Canada Brian Mulroney Toronto Ontario15th 14 16 July 1989 nbsp France Francois Mitterrand Paris Paris FATF was formed16th 9 11 July 1990 nbsp United States George H W Bush Houston Texas17th 15 17 July 1991 nbsp United Kingdom John Major London England18th 6 8 July 1992 nbsp Germany Helmut Kohl Munich Bavaria The first G7 summit in reunified Germany 19th 7 9 July 1993 nbsp Japan Kiichi Miyazawa Tokyo20th 8 10 July 1994 nbsp Italy Silvio Berlusconi Naples Campania21st 15 17 June 1995 nbsp Canada Jean Chretien Halifax Nova Scotia22nd 27 29 June 1996 nbsp France Jacques Chirac Lyon Rhone The first summit to debut international organizations namely the United Nations World Bank International Monetary Fund and the World Trade Organization 75 23rd 20 22 June 1997 nbsp United States Bill Clinton Denver Colorado Russia joined the group forming the G8 24th 15 17 May 1998 nbsp United Kingdom Tony Blair Birmingham West Midlands25th 18 20 June 1999 nbsp Germany Gerhard Schroder Cologne North Rhine Westphalia The first summit of the G20 major economies at Berlin 26th 21 23 July 2000 nbsp Japan Yoshirō Mori Nago Okinawa South Africa was invited to the summit for the first time and was thereafter invited annually without interruption until the 38th G8 summit in 2012 With permission from a G8 leader other nations were invited to the summit on a periodical basis for the first time Nigeria Algeria and Senegal accepted their invitations here The World Health Organization was also invited for the first time 75 27th 21 22 July 2001 nbsp Italy Silvio Berlusconi Genoa Liguria Leaders from Bangladesh Mali and El Salvador accepted their invitations here 75 Demonstrator Carlo Giuliani was shot and killed by the Carabinieri during a violent demonstration One of the largest and most violent anti globalization movement protests occurred during the summit 76 Following those events and the 11 September attacks two months later in 2001 the summits have been held at more remote locations 28th 26 27 June 2002 nbsp Canada Jean Chretien Kananaskis Alberta Russia gained permission to officially host a G8 Summit 29th 1 3 June 2003 nbsp France Jacques Chirac Evian les Bains Haute Savoie The G8 5 was unofficially formed when China India Brazil and Mexico were invited to this summit for the first time the other member of the 5 was South Africa Other first time nations that were invited by the French president included Egypt Morocco Saudi Arabia Malaysia and Switzerland 75 30th 8 10 June 2004 nbsp United States George W Bush Sea Island Georgia A record number of leaders from 12 different nations accepted their invitations here Amongst a couple of veteran nations the others were Ghana Afghanistan Bahrain Iraq Jordan Turkey Yemen and Uganda 75 The state funeral of former President Ronald Reagan took place in Washington during the summit Many of the G8 leaders attended this funeral along with 20 other heads of state 31st 6 8 July 2005 nbsp United Kingdom Tony Blair Gleneagles Scotland The G8 5 was officially formed On the second day of the meeting suicide bombers killed 52 people on the London Underground and a bus Ethiopia and Tanzania were invited for the first time The African Union and the International Energy Agency made their debut here 75 225 000 people took to the streets of Edinburgh as part of the Make Poverty History campaign calling for Trade Justice Debt Relief and Better Aid Numerous other demonstrations also took place challenging the legitimacy of the G8 77 32nd 15 17 July 2006 nbsp Russia G8 member not G7 20 Vladimir Putin Strelna Saint Petersburg The only G8 summit held in Russia The International Atomic Energy Agency and UNESCO made their debut here 75 33rd 6 8 June 2007 nbsp Germany Angela Merkel Heiligendamm Mecklenburg Western Pomerania Seven different international organizations accepted their invitations to this summit The Organisation for Economic Co operation and Development and the Commonwealth of Independent States made their debut here 75 34th 7 9 July 2008 nbsp Japan Yasuo Fukuda Tōyako Hokkaidō Australia Indonesia and South Korea accepted their G8 summit invitations for the first time 75 35th 8 10 July 2009 nbsp Italy Silvio Berlusconi L Aquila Abruzzo This G8 summit was originally planned to be held in La Maddalena Sardinia but was moved to L Aquila as a way of showing Prime Minister Berlusconi s desire to help the region after the 2009 L Aquila earthquake 78 With 15 invited countries it was the most heavily attended summit in the history of the group Angola Denmark Netherlands and Spain accepted their invitations for the first time 79 A record of 11 international organizations were represented in this summit For the first time the Food and Agriculture Organization the International Fund for Agricultural Development the World Food Programme and the International Labour Organization accepted their invitations 80 36th 25 26 June 2010 81 nbsp Canada Stephen Harper Huntsville Ontario 82 Malawi Colombia Haiti and Jamaica accepted their invitations for the first time 83 37th 26 27 May 2011 nbsp France Nicolas Sarkozy Deauville 84 85 Calvados Guinea Niger Cote d Ivoire and Tunisia accepted their invitations for the first time The League of Arab States made its debut in the meeting 86 38th 18 19 May 2012 nbsp United States Barack Obama Camp David Maryland The summit was originally planned for Chicago along with the NATO summit 87 but on 5 March 2012 an official announcement was made that the summit would be held at the more private location of Camp David and starting one day earlier than previously scheduled 88 The second summit in which one of the leaders in this case Vladimir Putin declined to participate The summit concentrated on the core leaders only as no non G8 leaders or international organizations were invited 39th 17 18 June 2013 nbsp United Kingdom David Cameron Lough Erne County Fermanagh Northern Ireland 89 As in 2012 only the core members of the G8 attended this meeting The four main topics that were discussed here were trade government transparency tackling tax evasion and the ongoing Syrian crisis 90 40th 4 5 June 2014 nbsp European Union Herman Van Rompuy Jose Manuel Barroso Brussels Belgium This summit was originally planned to be held in Sochi Russia but was relocated with Russia disinvited due to the latter s annexation of Crimea 91 92 Thus the grouping reverted from G8 back to G7 There was an emergency meeting in March 2014 in The Hague 41st 7 8 June 2015 nbsp Germany Angela Merkel Schloss Elmau Bavaria 93 The summit was focused on the global economy as well as on key issues regarding foreign security and development policy 94 The Global Apollo Programme was also on the agenda 95 42nd 26 27 May 2016 96 97 nbsp Japan Shinzō Abe Shima Mie Prefecture 98 The G7 leaders aimed to address challenges affecting the growth of the world economy like slowdowns in emerging markets and drops in price of oil The G7 also issued a warning to the United Kingdom that a UK exit from the EU would reverse the trend towards greater global trade and investment and the jobs they create and is a further serious risk to growth 99 Commitment to an EU Japan Free Trade Agreement 43rd 26 27 May 2017 100 nbsp Italy Paolo Gentiloni Taormina Sicily 101 The G7 leaders emphasized common endeavours ending the Syrian crisis fulfilling the UN mission in Libya and reducing the presence of ISIS ISIL and Da esh in Syria and Iraq North Korea was urged to comply with UN resolutions and Russian responsibility for the Ukrainian conflict was stressed Supporting economic activity and ensuring price stability was demanded while inequalities in trade and gender were called to be challenged It was agreed to help countries in creating conditions that address the drivers of migration ending hunger increasing competitiveness and advancing global health security 102 103 44th 8 9 June 2018 nbsp Canada 104 Justin Trudeau La Malbaie Quebec Charlevoix 105 The summit took place at the Manoir Richelieu Prime Minister Trudeau announced five themes for Canada s G7 presidency which began in January 2018 Climate along with commerce trades was one of the main themes Working together on climate change oceans and clean energy 106 The final statement contained 28 points US President Donald Trump did not agree to the economic section of the final statement 107 The G7 members also announced to recall sanctions and to be ready to take further restrictive measures against Russian Federation for its failure to implement the Minsk Protocol completely 108 45th 24 26 August 2019 nbsp France 109 Emmanuel Macron Biarritz Pyrenees Atlantiques It was agreed at the summit that the World Trade Organization with regard to intellectual property protection to settle disputes more swiftly and to eliminate unfair trade practices to simplify regulatory barriers and modernize international taxation within the framework of the OECD to ensure that Iran never acquires nuclear weapons and to foster peace and stability in the region and to support a truce in Libya that will lead to a long term ceasefire The summit also addressed the Russian military intervention in Ukraine and the 2019 Hong Kong anti extradition bill protests 110 111 112 113 46th Cancelled nbsp United States cancelled 109 Donald Trump cancelled Camp David Maryland cancelled The summit was originally to be held in Camp David Maryland but was officially postponed on 19 March 2020 due to the concerns over the worldwide coronavirus pandemic and was planned to be replaced by a global videoconference 114 but in the end no meeting was held 47th 11 13 June 2021 115 nbsp United Kingdom Boris Johnson Carbis Bay Cornwall England 116 The summit reached provisional agreement on a global minimum corporate tax rate of 15 117 48th 26 28 June 2022 118 nbsp Germany 102 Olaf Scholz Schloss Elmau Bavaria 119 Discussed with Ukrainian president Volodymyr Zelenskyy virtually and the statement on support for Ukraine was issued 120 121 Also discussed with invited guests about global food security gender equality and Investing in a Better Future on climate energy and health and G7 Leaders Communique was issued after the summit meetings 122 123 49th 19 21 May 2023 124 nbsp Japan 102 Fumio Kishida Hiroshima 125 At the situation of the world facing multiple crises including Russian invasion of Ukraine climate crisis pandemic and geopolitical crisis the G7 discussed to counter these crisis The G7 affirmed to uphold the free and open international order based on the rule of law and strengthened the G7 s outreach to the emerging and developing countries 126 The long guest list reflects the attempts to woo what many call the Global South a term used for developing countries in Asia Africa and Latin America all of whom have complex political and economic ties to both Russia and China 127 President of Ukraine Volodymyr Zelenskyy attended two sessions as guest and got a lot of attention 128 50th 13 15 June 2024 nbsp Italy 102 Giorgia Meloni Borgo Egnazia Apulia51st TBD 2025 nbsp Canada TBD TBDCountry leaders and EU representatives as of 2023 edit nbsp nbsp CanadaJustin Trudeau Prime Minister nbsp nbsp FranceEmmanuel Macron President nbsp nbsp GermanyOlaf Scholz Chancellor nbsp nbsp ItalyGiorgia Meloni Prime Minister nbsp nbsp JapanFumio Kishida Prime Minister nbsp nbsp United KingdomRishi Sunak Prime Minister nbsp nbsp United StatesJoe Biden President nbsp nbsp European UnionCharles Michel President of theEuropean Council nbsp nbsp European UnionUrsula von der Leyen President of theEuropean CommissionCurrent leaders edit Leaders of G7 members Member Leader s Minister of Finance Central Bank Governor PartyCanada Prime Minister Justin Trudeau Minister of Finance Chrystia Freeland Governor Tiff Macklem LiberalFrance President Emmanuel Macron Minister of the Economy and Finance Bruno Le Maire Governor Francois Villeroy de Galhau RenaissanceGermany Chancellor Olaf Scholz Minister of Finance Christian Lindner President Joachim Nagel SPDFDPItaly Prime Minister Giorgia Meloni Minister of Economy and Finance Giancarlo Giorgetti Governor Ignazio Visco FdILegaJapan Prime Minister Fumio Kishida Minister of Finance Shunichi Suzuki Governor Kazuo Ueda LDPUnited Kingdom Prime Minister Rishi Sunak Chancellor of the Exchequer Jeremy Hunt Governor Andrew Bailey ConservativeUnited States President Joe Biden Secretary of the Treasury Janet Yellen Chair Jerome Powell DemocraticEuropean Union Council President 129 Charles Michel Commissioner for Economy Paolo Gentiloni President Christine LagardeCommission President 129 Ursula von der LeyenMember country data edit The G7 is composed of the seven wealthiest advanced countries The People s Republic of China according to its data would be the second largest with 17 90 of the world net wealth 130 but is excluded because of its relatively low net wealth per adult and Human Development Index 20 As of 2021 Credit Suisse reports the G7 without the European Union represents around 53 of the global net wealth 131 including the EU the G7 accounts for over 60 of the global net wealth 131 Overview of G7 members Member Trade mil USD 2014 Nominal GDP USD million 132 PPP GDP Int million 132 Nominal GDP per capita 132 PPP GDP per capita Int 132 HDI 2021 Population 2022 2023 Permanent members of UN Security Council DAC OECD Economic classification IMF 132 Canada 947 200 2 089 672 2 385 124 52 722 60 177 0 936 39 891 963 nbsp N nbsp Y nbsp Y AdvancedFrance 1 212 300 2 923 489 3 872 729 44 408 58 828 0 903 68 042 591 nbsp Y nbsp Y nbsp Y AdvancedGermany 2 866 600 4 308 854 5 545 656 51 383 66 132 0 942 84 270 625 nbsp N nbsp Y nbsp Y AdvancedItaly 948 600 2 169 745 3 195 548 36 812 44 160 0 895 58 815 463 nbsp N nbsp Y nbsp Y AdvancedJapan 1 522 400 4 409 738 6 456 527 35 385 51 809 0 925 124 470 000 nbsp N nbsp Y nbsp Y AdvancedUnited Kingdom 1 189 400 3 158 938 3 846 931 46 371 56 471 0 929 67 026 292 nbsp Y nbsp Y nbsp Y AdvancedUnited States 3 944 000 26 854 599 26 854 599 80 034 80 034 0 921 334 748 000 nbsp Y nbsp Y nbsp Y AdvancedEuropean Union 4 485 000 17 818 782 25 399 093 39 940 56 929 0 899 446 828 803 nbsp Y Advanced Emerging and Developing 133 Criticisms and controversies editThis article s criticism or controversy section may compromise the article s neutrality Please help rewrite or integrate negative information to other sections October 2022 2015 protests edit Further information 41st G7 summit About 7 500 protesters led by the group Stop G7 demonstrated during the summit About 300 of those reached the 3 m high and 7 km long security fence surrounding the summit location The protesters questioned the legitimacy of the G7 to make decisions that could affect the whole world Authorities had banned demonstrations in the area closest to the summit location and 20 000 police were on duty in Southern Bavaria to keep activists and protesters from interfering with the summit 134 135 2018 Trump conflict over tariffs and Russia edit Further information 44th G7 summit and Russo Ukrainian War The 2018 meeting in Charlevoix Canada was marred by fractious negotiations concerning tariffs and Donald Trump s position that Russia should be reinstated to the G7 The Trump administration had just imposed steel and aluminium tariffs on many countries including European countries that are fellow members of the G7 and Canada the host country for the 2018 meeting Trump expressed dismay at Canadian Prime Minister Justin Trudeau for holding a press conference in which Canada restated its position on tariffs a public criticism of Trump s economic policy and directed his representatives at the meeting not to sign the economic section of the joint communique that is typically issued at the conclusion of the meeting German Chancellor Angela Merkel described Trump s behaviour as a depressing withdrawal while French President Emmanuel Macron invited him to be serious 136 In the final statement signed by all members except the US the G7 announced its intention to recall sanctions and to be ready to take further restrictive measures within the next months against the Russian Federation for its failure to completely implement the Minsk Agreement 108 Trump repeated calls for Russia to be re admitted to the group at the 2019 meeting in Biarritz saying it should be included in discussions relating to Iran Syria and North Korea The Italian Prime Minister Giuseppe Conte supported Trump s proposal Shinzo Abe of Japan was neutral and the rest of the G7 pushed back against the suggestion after which the atmosphere allegedly became tense citation needed 2019 Amazon rainforest fires and Brazil edit Further information 45th G7 summit and 2019 Brazil wildfires U S President Donald Trump s reiteration that Russia should be readmitted to the group see above the instigation of a trade war with China increased tensions in Iran Trump s alleged reluctance to attend the conference and a number of international crises made the 2019 G7 meeting in Biarritz France the most divided since its inception Following President Trump s previous revocation of his signature to a joint communique agreed to in 2018 due to an alleged slight from Canadian Prime Minister Justin Trudeau see above French President Emmanuel Macron agreed that the group would not issue a joint communique at the Biarritz conference The G7 nations pledged US 20 million to help Brazil and other countries in South America fight the wildfires This money was welcomed although it was widely seen as a relatively small amount given the scale of the problem Macron threatened to block a major trade deal between the European Union and Brazil Mercosur that would benefit the agricultural interests accused of driving deforestation citation needed See also editBuild Back Better World Capitalism D 10 Strategy Forum Developed country E7 countries G4 EU G6 EU G8 G8 5 G10 currencies G20 Great power Group of Twelve G12 Junior 8 List of country groupings List of G7 leaders List of multilateral free trade agreements OECD QuintNotes editReferences edit a b What is the G7 G7 UK Presidency 2021 Archived from the original on 25 December 2021 Retrieved 12 June 2021 Report for Selected Countries Subjects www imf org World Economic Outlook Database International Monetary Fund imf org October 2017 Major Advanced Economies G7 Paul LeBlanc 11 June 2021 What is the G7 and what power does it hold CNN Retrieved 12 June 2021 Prime Minister s office of Japan 15 April 2023 G7 Hiroshima Summit Prime Minister s office of Japan Retrieved 15 April 2023 a b Shear Michael D 11 June 2021 G7 News A Return to Face to Face Diplomacy The New York Times ISSN 0362 4331 Retrieved 12 June 2021 What are the G7 and the G8 www g8 utoronto ca Retrieved 12 June 2021 Meredith Sam 14 June 2021 The selfie summit Why some economists and activists are disappointed with the G 7 CNBC Retrieved 9 November 2022 Where Is the G7 Headed Council on Foreign Relations Retrieved 9 November 2022 G 7 Communique Wide Ranging But Critics Find Shortcomings VOA 13 June 2021 Retrieved 9 November 2022 a b Shultz George P 1993 Turmoil and Triumph My Years as Secretary of State Scribner s p 148 ISBN 0 684 19325 6 Bayne Nicholas Putnam Robert D 2000 Hanging in There Ashgate Pub Ltd 230 pages ISBN 075461185X p 20 Farnsworth Clyde H 8 May 1977 A Secret Society of Finance Ministers New York Times G7 summit The history of the G7 www g7germany de Retrieved 13 June 2021 a b c Evian summit Questions about the G8 Ministere des Affaires etrangeres Paris Archived from the original on 20 April 2011 Retrieved 18 March 2011 MOFA Rambouillet Summit Declaration of Rambouillet www mofa go jp Retrieved 13 June 2021 The Canadian Encyclopedia Canada and the G8 G8 The Most Exclusive Club in the World Thomas S Axworthy The Canadian Encyclopedia Historica Foundation of Canada Toronto Undated Retrieved 23 July 2015 EU and the G8 European Union Archived from the original on 26 December 2007 Retrieved 17 July 2006 Schaefer Robert K 2005 Dollar Devaluations Understanding Globalization The Social Consequences of Political Economic and Environmental Change Rowman and Littlefield p 346 a b c Select Country or Country Groups www imf org Archived copy Archived from the original on 21 September 2017 Retrieved 9 June 2018 a href Template Cite web html title Template Cite web cite web a CS1 maint archived copy as title link Smale Alison Shear Michael D 24 March 2014 Russia Is Ousted From Group of 8 by U S and Allies The New York Times ISSN 0362 4331 Retrieved 21 May 2023 U S other powers kick Russia out of G8 CNN com 24 March 2014 Retrieved 21 May 2023 Russia suspended from G8 over annexation of Crimea Group of Seven nations says National Post 24 March 2014 Retrieved 21 December 2015 Ukraine crisis Russia is scathing about its G8 suspension The Independent 25 March 2014 Retrieved 13 June 2021 Russia just quit the G8 for good The Independent 13 January 2017 Russia brushes off possibility of G 8 return The Straits Times 9 June 2018 hermesauto 9 June 2018 Russia brushes off possibility of G 8 return The Straits Times Retrieved 13 June 2021 a b D 10 Strategy Forum Atlantic Council a b Forget the G 7 Biden needs a D 10 to rally the democracies www msn com Retrieved 15 June 2021 Russia suggests Turkey to be part of G7 Hurriyet Daily News 5 September 2019 Retrieved 20 December 2021 Donald Trump postpones G7 summit and signals wider invitation list The Guardian 31 May 2020 Retrieved 31 May 2020 Spoke with Trump about entry into expanded G7 Bolsonaro The Outlook Retrieved 2 June 2020 G7 leaders reject Russia s return after Trump summit invite BBC 2 June 2020 Retrieved 6 June 2023 a b Ellyatt Holly 10 June 2021 G 7 summit Here s a quick guide to everything you need to know CNBC Retrieved 15 June 2021 L Espagne peut elle integrer le G7 Challenges in French 2 March 2021 Estados Unidos apoya con entusiasmo un mayor liderazgo de Espana a nivel internacional Europa Press in Spanish 25 February 2021 India invited by Germany for G7 summit in June WION Retrieved 21 April 2022 Nardelli Alberto Nienaber Michael 12 April 2022 Germany Weighs Snubbing India as G 7 Guest Over Russia Stance Bloomberg Retrieved 20 April 2022 Chaudhury Dipanjan Roy Germany isn t considering India s exclusion from G 7 guest list Source The Economic Times Retrieved 21 April 2022 Japan and South Korea eye package to resolve wartime labor row and other issues The Japan Times 5 March 2023 Retrieved 5 March 2023 Japan Eyes Inviting Australia India to G 7 Summit NHK Says Bloomberg 19 February 2023 Retrieved 5 March 2023 NEWS KYODO Japan eyes inviting India Indonesia to G 7 summit in 2023 Kyodo News Retrieved 5 March 2023 G7 summit Why there are eight more seats at the table this year BBC News 18 May 2023 Retrieved 21 May 2023 Japan Ukraine Summit Meeting Ministry of Foreign Affairs of Japan Retrieved 21 May 2023 We need global leadership of democracy President Volodymyr Zelenskyy s speech at the session of the G7 Summit and Ukraine Office of the President of Ukraine 21 May 2023 Bayne Nicholas 1998 International economic organizations more policy 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Conference by Foreign Minister HAYASHI Yoshimasa Ministry of Foreign Affairs Japan 27 May 2022 Retrieved 11 June 2022 Fumio Kishida 13 May 2023 The G7 Hiroshima Summit Respond to the Multiple Crises that the World is Facing Japan Forward Archived from the original on 22 May 2023 Retrieved 22 May 2023 Laura Bicker 18 May 2023 G7 summit Why there are eight more seats at the table this year BBC Retrieved 27 May 2023 Tessa Wong 21 May 2023 Zelensky dominates summit as G7 leaders call out China BBC Retrieved 27 May 2023 a b Van Rompuy and Barroso to both represent EU at G20 EUobserver com 19 March 2010 Retrieved 21 October 2012 The permanent president of the EU Council former Belgian premier Herman Van Rompuy also represents the bloc abroad in foreign policy and security matters in other areas such as climate change President Barroso will speak on behalf of the 27 member club Global Wealth Databook 2021 PDF Credit Suisse credit suisse com 2021 Table 2 1 p 21 Retrieved 20 December 2021 a b Global Wealth Databook 2021 PDF Credit Suisse credit suisse com 2021 Table 2 1 Country details p 21 24 Retrieved 20 December 2021 a b c d e International Monetary Fund World Economic Outlook Database April 2023 International Monetary Fund 23 out of 27 EU countries are classified as advanced 4 out of 27 EU countries are classified by the IMF as Emerging and Developing Europe Der Spiegel Proteste um Schloss Elmau Demonstranten wandern bis zum G7 Zaun Der Spiegel 7 June 2015 Retrieved 11 June 2015 Bild 7 Kilometer lang 3 Meter hoch auf ganzer Lange beleuchtet Bild 3 June 2015 Retrieved 11 June 2015 G7 Trump non accetta il documento finale Merkel Ritiro deprimente Sky TG24 in Italian External links edit nbsp Wikimedia Commons has media related to Group of Seven nbsp Wikinews has related news Economic policy makers conclude Washington meetings 2023 G7 presidency Japan 2022 G7 presidency Germany 2021 G7 presidency UK G7 8 Information Centre University of Toronto The EU engages in actions and discussions with other members of the G7 on topics relating to agriculture Retrieved from https en wikipedia org w index php title G7 amp oldid 1186844031, wikipedia, wiki, book, books, library,

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