G7 is the abbreviated name for the Group of Seven and is internationally used to designate that grouping made up precisely of seven nations that are considered the most relevant and influential in political, economic and military matters in the entire world. This is made up of Germany, Canada, the United States, Italy, Japan, France and the United Kingdom.
Add more members to become the G8 today
Now, we must make two clarifications regarding the members, although those mentioned are the founding countries, with the exception of Canada that joins a few years later, then a representation of the European Union (EU) would be added, and in the In 1998, it was decided to integrate Russia, however, Russian participation is currently suspended since 2014 as a result of the crisis that occurred in Crimea and that placed in a state of great tension the relationship of Russia with the rest of the powers that make up the G7.
The G7 did not begin as a group of seven countries, but rather there were six nations that in 1973 were summoned by the US Secretary of the Treasury at that time. Three years later, in 1976, at a meeting in Puerto Rico, the incorporation of Canada was decided and there it was formally converted into G7.
And at the Denver summit in 1997 the G7 will pass to the G8 when it is decided that Russia will join as a partner and not as an observer as it had been doing.
They hold annual summits where common policies are discussed
Although this group is informal and does not have a status that gives it formality, it is very active and interested in what is happening in the world and then, every year, it develops a summit attended by the leaders of each member country. , plus the secretaries or ministers of economy and foreign relations of each member country, and the current international political and economic states are analyzed and from them common policies and consensus are agreed on certain aspects of global interest.
We must also say that each year the G7 meeting sets the agenda and generates tremendous interest in the press that covers the summit with great expectation for the definitions that are normally produced in military, political and economic matters.
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