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World / Mon, 17 Jun 2024 Adda247

Highlights of G7 Summit, 2024

About G7 SummitThe G7 Summit is an international forum held annually for the leaders of the G7 member states of France, the United States, the United Kingdom, Germany, Japan, Italy, and Canada (in order of rotating presidency), and the European Union (EU). Features of the G7 SummitAt the G7 Summit, the leaders of the G7, which shares fundamental values such as freedom, democracy and human rights, exchange candid views on important challenges the international community is facing at that time, such as the global economy, regional affairs and various global issues, and issue a document as an outcome of such discussions. With the leadership of the leaders of the G7, which shares fundamental values, the G7 has effectively responded to important challenges that the international community faces. Against this backdrop, proposed by then-French President Giscard d’Estaing, the first Summit was held in November 1975 at the Chateau de Rambouillet (located in the outskirts of Paris), with participation from six countries-France, the United States, the United Kingdom, Germany, Japan, and Italy. Russia’s membership was suspended in March 2014 in response to its annexation of Crimea.

About G7 Summit

The G7 Summit is an international forum held annually for the leaders of the G7 member states of France, the United States, the United Kingdom, Germany, Japan, Italy, and Canada (in order of rotating presidency), and the European Union (EU).

Features of the G7 Summit

At the G7 Summit, the leaders of the G7, which shares fundamental values such as freedom, democracy and human rights, exchange candid views on important challenges the international community is facing at that time, such as the global economy, regional affairs and various global issues, and issue a document as an outcome of such discussions. With the leadership of the leaders of the G7, which shares fundamental values, the G7 has effectively responded to important challenges that the international community faces.

The Beginning of the G7 Summit

In the 1970s, developed countries that faced various challenges such as the Nixon shock (1971) and the first oil crisis (1973) began recognizing the need to create a forum to comprehensively discuss policy coordination of macro economy, currency, trade, and energy, among others, at a leader’s level. Against this backdrop, proposed by then-French President Giscard d’Estaing, the first Summit was held in November 1975 at the Chateau de Rambouillet (located in the outskirts of Paris), with participation from six countries-France, the United States, the United Kingdom, Germany, Japan, and Italy. Since then, Summits have been held annually with revolving Presidency. Russia’s membership was suspended in March 2014 in response to its annexation of Crimea.

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