Group of Seven (G7)

About G7:

• The G7 (Group of Seven) is an intergovernmental political and economic forum.
• Members: Canada, France, Germany, Italy, Japan, United Kingdom, and United States; European Union as a non-enumerated member
• The G7 was established in 1975. Russia was included in the late 1990s, creating the G8, but was suspended in 2014 after the annexation of Crimea.
• Function: The G7 meets annually to discuss and coordinate economic policies. The leaders address many global issues, including monetary policy, security, energy, and climate change.
• Significance: While the G7 cannot enact laws, its past decisions have had significant global consequences
• Summits: The annual G7 summit is hosted by one of the member countries, which rotates each year. The summits provide a platform for the leaders to discuss pressing global issues and coordinate policy responses.

The 2024- G7 summit will take place from June 13-15 in Apulia, Italy. Italy holds the G7 presidency in 2024.

Q1: What is the European Union?

The European Union is a unique partnership between 27 European countries, known as Member States, or EU countries. The EU is home to around 447 million people, which is around 6 % of the world's population. Citizens of the EU countries are also EU citizens.

Source: As G7 Italy summit begins on June 13, troubled world leaders focus on Ukraine war, China