What Is the G7 Summit, and Why Does It Matter?

For three days, beginning Friday, some of the world’s most powerful leaders are descending on a small Cornish village for a series of me...


For three days, beginning Friday, some of the world’s most powerful leaders are descending on a small Cornish village for a series of meetings as part of the Group of 7 summit, which brings together the heads of Britain, Canada, France, Germany, Italy, Japan and the United States.

So what exactly is the G7, and why does it matter?

The nations belonging to the club are the world’s wealthiest large democracies, close allies and major trading partners that account for about half of the global economy.

With broadly similar views on trade, political pluralism, security and human rights, they can — when they agree — wield enormous collective influence. Their heads of government meet, along with representatives of the European Union, to discuss economic issues and major international policies.

Those attending this years’ gathering include leaders from the G7 member countries — Britain, Canada, France, Germany, Italy, Japan and the United States — plus the European Union, guests Australia, South Africa and South Korea, along with India via video link.

The group, whose origins go back to the 1973 oil crisis, grew out of an informal gathering of finance ministers from Britain, the United States, France, Japan and what was then West Germany — initially known as the Big Five — as they tried to agree on a way forward.

Since the 1970s, the group and its later additional members have met dozens of times to work on major global issues that affect the international economy, security, trade, equality and climate change. In 2015, the summit paved the way for the Paris agreement to limit global emissions, which was decided later that year.

For a time, the group had eight members — remember the G8? — but Russia, always something of an outlier, was kicked out in 2014 amid international condemnation of President Vladimir V. Putin’s annexation of Crimea. Last year, President Donald J. Trump said he believed Russia should be reinstated.

Atop the agenda this year will be the coronavirus pandemic and its effects on the global economy, with a focus on worldwide recovery and vaccination.

This summit, hosted by Britain, which currently holds the group’s presidency, is the 47th of its kind and will continue through Sunday. Last year’s summit was canceled because of the pandemic, making this gathering the first in-person G7 Leaders’ Summit in almost two years. The last was in August 2019 in Biarritz, France.

Source Link

COMMENTS

Name

Africa,827,Americas,4135,Art & Culture,15055,Arts,6531,Arts & Design,1691,Asia,3310,Automobile,467,Baseball,645,Basketball,537,Books,3924,Business,5383,Celebrity,2633,Cricket,648,Crime,158,Cryptocurrency,1615,Dance,675,Defense,836,Diplomatic Relations,2496,Economy,1161,Editorial,260,Education,1271,Elections,308,Energy & Environment,3079,Entertainment,22791,Environment,3640,Europe,4257,Faith & Religion,235,Family & Life,817,Fashion & Style,3299,Finance,20125,Food & Drink,3781,Football,1115,Games,97,Gossip,10289,Health & Fitness,4127,Health Care,940,Hockey,229,Home & Garden,920,Humour,994,Latin America,49,Lifestyle,17213,Media,527,Middle East,1554,Movies,1757,Music,2677,Opinion,3141,Other,12028,Other Sports,5086,Political News,11324,Political Protests,2324,Politics,17820,Real Estate,1898,Relationship,106,Retail,3116,Science,2664,Science & Tech,10126,Soccer,251,Space & Cosmos,353,Sports,12340,Technology,3469,Tennis,584,Theater,1704,Transportation,313,Travel,2592,TV,3716,US,410,US Sports,1481,Video News,3531,War & Conflict,1069,Weird News,998,World,16645,
ltr
item
Newsrust - US Top News: What Is the G7 Summit, and Why Does It Matter?
What Is the G7 Summit, and Why Does It Matter?
https://static01.nyt.com/images/2021/06/10/world/10biden-overseas-g7-summit-explainer/merlin_159714519_e6a9ea9f-c738-4ebd-92e3-9db2455f4e2c-facebookJumbo.jpg
Newsrust - US Top News
https://www.newsrust.com/2021/06/what-is-g7-summit-and-why-does-it-matter.html
https://www.newsrust.com/
https://www.newsrust.com/
https://www.newsrust.com/2021/06/what-is-g7-summit-and-why-does-it-matter.html
true
732247599994189300
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content