G7 Grouping
About G7
- The Group of Seven (G7) is an informal group of seven of the world’s most industrialized and developed economies.
- Their political leaders come together annually to discuss important global economic, political, social and security issues.
- The G7 draws its roots from a meeting between the current G7 members, excluding Canada, that took place in 1975.
Members
- The G7 member countries are the United States, Britain, France, Japan, Germany, Italy, and Canada.
- Unlike the United Nations or NATO, the G7 is not a formal institution with a charter and a secretariat.
- The presidency, which rotates annually among member states, is responsible for setting the agenda of each year’s summit.
- The European Union is a “non-enumerated” member and does not assume the rotating G7 presidency.
- Russia belonged to the forum from 1998 through 2014, when the bloc was known as the G8, but was suspended following its annexation of Crimea.
Tag:Britain, Canada, developed, economies, France, G7, G7 Grouping, G8, Germany, industrialized, Italy, Japan, Members of G7, Russia, United States
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