G7 leaders during the emergency meeting about the 2014 Russian annexation of Crimea in The Hague
The G7-states (blue) and the EU (teal)
Member states and key leaders:
Canada
Prime Minister Justin Trudeau
France
President Emmanuel Macron
Germany
Chancellor Olaf Scholz
Italy
Prime Minister Giorgia Meloni
Japan
Prime Minister Fumio Kishida
UK
Prime Minister Rishi Sunak
US
President Joe Biden
EU
Council President Charles Michel
Commission President Ursula von der Leyen
Formation
25 March 1973 (25 March 1973)
(Library Group)
15 November 1975 (15 November 1975)
(1st G6 summit)
Founder
Library Group:
George Shultz
Helmut Schmidt
Valéry Giscard d'Estaing
Anthony Barber
1st G6 summit:
Gerald Ford
Valéry Giscard d'Estaing
Helmut Schmidt
Aldo Moro
Takeo Miki
Harold Wilson
Founded at
Washington, D.C. (Library Group)
Rambouillet (1st G6 summit)
Type
Informal club
Purpose
Political and economic forum
Formerly called
Library Group
Group of Six (G6)
Group of Eight (G8) (reversion)
The Group of Seven (G7) is an intergovernmental political and 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.
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; Italy presides for 2024.[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]
^ ab"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.
^NEWS, KYODO. "Italy to host G7 summit on June 13-15, 2024, PM Meloni says". Kyodo News+. Retrieved 2 January 2024.
^ abShear, 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.
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