Group of Seven

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Group of Seven and the European Union

The G7-nations (blue) and the European Union (teal) in the world


 Canada



Prime Minister Justin Trudeau

 France (2019 host)



President Emmanuel Macron

 Germany



Chancellor Angela Merkel

 Italy



Prime Minister Giuseppe Conte

 Japan



Prime Minister Shinzō Abe

 United Kingdom



Prime Minister Theresa May

 United States



President Donald Trump

 European Union



Council President Donald Tusk


Commission President Jean-Claude Juncker

The Group of Seven (G7) is a group consisting of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. These countries, with the seven largest IMF-described advanced economies in the world,[1] represent 58% of the global net wealth ($317 trillion).[2] The G7 countries also represent more than 46% of the global gross domestic product (GDP) based on nominal values, and more than 32% of the global GDP based on purchasing power parity.[3] The European Union is also represented at the G7 summit.




Contents





  • 1 History


  • 2 Early function


  • 3 Work


  • 4 List of summits

    • 4.1 Leaders



  • 5 Country leaders and EU representatives, as of 2019

    • 5.1 Member country data


    • 5.2 Member facts



  • 6 Controversy

    • 6.1 2014 suspension and following exclusion of Russian Federation


    • 6.2 2015 protests


    • 6.3 2018 Trump conflict over tariffs and Russian Federation



  • 7 See also


  • 8 References


  • 9 External links




History




Flags of G7 members as seen on University Avenue (Toronto)




G7 leaders during the 2014 emergency meeting about the Russian annexation of Crimea, hosted by the Netherlands


The concept of a forum for the world's major industrialized countries emerged before the 1973 oil crisis. On Sunday, 25 March 1973, the U.S. Secretary of the Treasury, George Shultz, convened an informal gathering of finance ministers from West Germany Helmut Schmidt, France Valéry Giscard d'Estaing, and the United Kingdom Anthony Barber before an upcoming meeting in Washington, D.C. When running the idea past President Nixon, he noted that he would be out of town and offered use of the White House. The meeting was subsequently held in the library on the ground floor.[4] Taking their name from the setting, this original group of four became known as the "Library Group".[5] In mid-1973, at the World Bank-IMF meetings, Shultz proposed the addition of Japan to the original four nations, who agreed.[4] The informal gathering of senior financial officials from the United States, the United Kingdom, West Germany, Japan, and France became known as the "Group of Five".[6]


Then, in 1974, President Pompidou of France died and his immediate successor refused to run in the special election, making three changes of heads of state in France in one year. Chancellor Brandt of West Germany was forced to resign in a scandal, and his successor lasted only nine days making three changes in West Germany as well. Plus Then President Nixon of the United States and Prime Minister Tanaka of Japan were forced to resign in disgrace. Queen Elizabeth II was forced to broker a deal to form a government after a hung election, which was so unstable that another election the same year had to take place, and finally, the traditionally unstable government of 1st Italian Republic changed Prime Ministers yet again. American President Gerald Ford, who had been a mere Congressman a year before, asked some other new heads of state/government to hold a retreat the following year to get to know one another.


So, in 1975, a summit hosted by France brought together representatives of six governments: France, West Germany, Italy, Japan, the United Kingdom, and the United States. Schmidt and Giscard d'Estaing were heads of government in their respective countries, and since they both spoke fluent English, it occurred to them that they, and British Prime Minister Harold Wilson and U.S. President Gerald Ford could get together in an informal retreat and discuss election results and the issues of the day. In late spring, d'Estaing of France invited the heads of government from West Germany, Italy, Japan, the United Kingdom, and the United States to a summit in Château de Rambouillet;[7] the annual meeting of the six leaders was organized under a rotating presidency, forming the Group of Six (G6). In 1976, with Wilson out as prime minister of Britain, Schmidt and Gerald Ford felt an English speaker with more experience was needed, so Pierre Trudeau, the Prime Minister of Canada, the next largest advanced economy after the first six, was invited to join the group[8] and the group became the Group of Seven (G7).[7] Since first invited by the United Kingdom in 1977 the European Union has been represented by the president of the European Commission, and the leader of the country that holds the presidency of the Council of the European Union[9] and the Council President now also regularly attends.


Until the 1985 Plaza Accord no one outside a tight official circle knew when the seven finance ministers met and what they agreed. The summit was announced the day before and a communiqué was issued afterwards.[10]


Following 1994's G7 summit in Naples, Russian officials held separate meetings with leaders of the G7 after the group's summits. This informal arrangement was dubbed the Political 8 (P8) – or, colloquially, the G7+1. At the invitation of Prime Minister of the United Kingdom Tony Blair and President of the United States Bill Clinton,[11] Russian President Boris Yeltsin was invited first as a guest observer, later as a full participant. After the 1997 meeting Russia was formally invited to the next meeting and formally joined the group in 1998, resulting in a new governmental political forum, the Group of Eight or G8.[7] The Russian Federation, in fact, had and has limited net national wealth and financial weight compared to the other members of the G8. Russia also has never been a major advanced economy according to the IMF.[12][13] However, the Russian Federation was ejected from the G8 political forum in March 2014 following the Russian annexation of Crimea.[14]



Early function


The organization was founded to facilitate shared macroeconomic initiatives by its members in response to the collapse of the exchange rate 1971, during the time of the Nixon shock, the 1970s energy crisis and the ensuing recession.[15]



Work




Group of Seven is located in North America

2nd

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7th

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9th

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14th

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16th

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21st

21st



23rd

23rd



28th

28th



30th

30th



36th

36th



38th

38th



44th

44th




Host venues of G7 summits in North America




Group of Seven is located in Europe

1st

1st



3rd, 10th, 17th


3rd, 10th, 17th



4th, 11th


4th, 11th



6th, 13th


6th, 13th



8th

8th



15th

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20th

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22nd

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24th

24th



25th

25th



27th

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29th

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31st

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32nd

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33rd

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35th

35th



37th

37th



39th

39th



40th

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41st

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43rd'


43rd'



45th'


45th'




Host venues of G7 summits in Europe




Group of Seven is located in Japan

5th, 12th, 19th


5th, 12th, 19th



26th

26th



34th

34th



42nd

42nd




Host venues of G7 summits in Japan


Since 1975, the group meets annually on summit site to discuss economic policies; since 1987, the G7 Finance Ministers have met at least semi-annually, up to 4 times a year at stand-alone meetings.[16]


In 1996, the G7 launched an initiative for the 42 heavily indebted poor countries (HIPC).[17]


In 1997, the G7 provided $300 million dollars to the effort to build the containment of the reactor meltdown at Chernobyl.[18]


In 1999, the G7 decided to get more directly involved in "managing the international monetary system" through the Financial Stability Forum, formed earlier in 1999 and the G-20, established following the summit, to "promote dialogue between major industrial and emerging market countries".[19] The G7 also announced their plan to cancel 90% of bilateral, and multilateral debt for the HIPC, totaling $100 billion. In 2005 the G7 announced debt reductions of "up to 100%" to be negotiated on a "case by case" basis.[20]


In 2008 the G7 met twice in Washington, D.C. to discuss the global financial crisis of 2007–2008[21] and in February 2009 in Rome.[22][23] The group of finance ministers pledged to take "all necessary steps" to stem the crisis.[24]


On 2 March 2014, the G7 condemned the "Russian Federation's violation of the sovereignty and territorial integrity of Ukraine."[25] The G7 stated "that the International Monetary Fund (IMF) remains the institution best prepared to help Ukraine address its immediate economic challenges through policy advice and financing, conditioned on needed reforms", and that the G7 was "committed to mobilize rapid technical assistance to support Ukraine in addressing its macroeconomic, regulatory and anti-corruption challenges."[25] On 24 March 2014, the G7 convened an emergency meeting in response to the Russian Federation's annexation of Crimea at the official residence of the Prime Minister of the Netherlands, the Catshuis in The Hague. This location was chosen because all G7 leaders were already present to attend the 2014 Nuclear Security Summit hosted by the Netherlands. This was the first G7 meeting neither taking place in a member nation nor having the host leader participating in the meeting.[26] On 4 June 2014 leaders at the G7 summit in Brussels, condemned Moscow for its "continuing violation" of Ukraine's sovereignty, in their joint statement and stated they were prepared to impose further sanctions on Russia.[27] This meeting was the first since Russia was expelled from the G8 following its annexation of Crimea in March.[27]


The annual G7 leaders summit is attended by the heads of government.[28] The member country holding the G7 presidency is responsible for organizing and hosting the year's summit. The serial annual summits can be parsed chronologically in arguably distinct ways, including as the sequence of host countries for the summits has recurred over time and series.[29] Generally every country hosts the summit once every 7 years.[30]



List of summits


















































































































































































































































































































































DateHostHost figureLocation heldWebsiteNotes
1st15–17 November 1975
 France
Valéry Giscard d'Estaing
Château de Rambouillet, District of the Paris Region
G6 Summit
2nd27–28 June 1976
 United States
Gerald R. Ford
Dorado, Puerto Rico[31]
Also called "Rambouillet II". Canada joined the group, forming the G7[31]
3rd7–8 May 1977
 United Kingdom
James Callaghan
London, England
The President of the European Commission was invited to join the annual G7 summits
4th16–17 July 1978
 West Germany
Helmut Schmidt
Bonn, North Rhine-Westphalia

5th28–29 June 1979
 Japan
Masayoshi ŌhiraTokyo
6th22–23 June 1980
 Italy
Francesco Cossiga
Venice, Veneto
Prime Minister Ōhira died in office on 12 June; Foreign Minister Saburō Ōkita led the delegation that represented Japan.
7th20–21 July 1981
 Canada
Pierre E. Trudeau
Montebello, Quebec

8th4–6 June 1982
 France
François Mitterrand
Versailles, Île-de-France

9th28–30 May 1983
 United States
Ronald ReaganWilliamsburg, Virginia
10th7–9 June 1984
 United Kingdom
Margaret Thatcher
London, England

11th2–4 May 1985
 West Germany
Helmut Kohl
Bonn, North Rhine-Westphalia

12th4–6 May 1986
 Japan
Yasuhiro NakasoneTokyo
13th8–10 June 1987
 Italy
Amintore Fanfani
Venice, Veneto

14th19–21 June 1988
 Canada
Brian Mulroney
Toronto, Ontario

15th14–16 July 1989
 France
François Mitterrand
Paris, Île-de-France

16th9–11 July 1990
 United States
George H. W. Bush
Houston, Texas

17th15–17 July 1991
 United Kingdom
John Major
London, England

18th6–8 July 1992
 Germany
Helmut Kohl
Munich, Bavaria

19th7–9 July 1993
 Japan
Kiichi MiyazawaTokyo
20th8–10 July 1994
 Italy
Silvio Berlusconi
Naples, Campania

21st15–17 June 1995
 Canada
Jean Chrétien
Halifax, Nova Scotia
[32]
22nd27–29 June 1996
 France
Jacques Chirac
Lyon, Rhône-Alpes

International organizations' debut to G7 Summits periodically. The invited ones here were: United Nations, World Bank, International Monetary Fund and the World Trade Organization.[33]
23rd20–22 June 1997
 United States
Bill Clinton
Denver, Colorado
[34]Russia joins the group, forming G8
24th15–17 May 1998
 United Kingdom
Tony Blair
Birmingham, West Midlands
[35]
25th18–20 June 1999
 Germany
Gerhard Schröder
Cologne, North Rhine-Westphalia
[36]First Summit of the G-20 major economies at Berlin
26th21–23 July 2000
 Japan
Yoshirō MoriNago, Okinawa[37]Formation of the G8+5 starts, when South Africa was invited. Until the 38th G8 summit in 2012, it has been invited to the Summit annually without interruption. Also, with permission from a G8 leader, other nations were invited to the Summit on a periodical basis for the first time. Nigeria, Algeria and Senegal accepted their invitations here. The World Health Organization was also invited for the first time.[33]
27th21–22 July 2001
 Italy
Silvio Berlusconi
Genoa, Liguria
[38]Leaders from Bangladesh, Mali and El Salvador accepted their invitations here.[33] Demonstrator Carlo Giuliani is shot and killed by the Carabinieri during a violent demonstration. One of the largest and most violent anti-globalization movement protests occurred for the 27th G8 summit.[39] Following those events and the September 11 attacks two months later in 2001, the G8 have met at more remote locations.
28th26–27 June 2002
 Canada
Jean Chrétien
Kananaskis, Alberta
[40]Russia gains permission to officially host a G8 Summit.
29th1–3 June 2003
 France
Jacques Chirac
Évian-les-Bains, Rhône-Alpes
The G8+5 was unofficially made, when China, India, Brazil, and Mexico were invited to this Summit for the first time. South Africa has joined the G8 Summit, since 2000, until the 2012 edition. Other first-time nations that were invited by the French president included: Egypt, Morocco, Saudi Arabia, Malaysia and Switzerland.[33]
30th8–10 June 2004
 United States
George W. BushSea Island, Georgia[41]A record number of leaders from 12 different nations accepted their invitations here. Amongst a couple of veteran nations, the others were: Ghana, Afghanistan, Bahrain, Iraq, Jordan, Turkey, Yemen and Uganda.[33] Also, the state funeral of former President Ronald Reagan took place in Washington during the summit.
31st6–8 July 2005
 United Kingdom
Tony BlairGleneagles, Scotland[42]The G8+5 was officially formed. On the second day of the meeting, suicide bombers killed 52 people on the London Underground and a bus. Nations that were invited for the first time were Ethiopia and Tanzania. The African Union and the International Energy Agency made their debut here.[33] During the 31st G8 summit in United Kingdom, 225,000 people took to the streets of Edinburgh as part of the Make Poverty History campaign calling for Trade Justice, Debt Relief and Better Aid. Numerous other demonstrations also took place challenging the legitimacy of the G8.[43]
32nd15–17 July 2006
 Russia (only G8 member, not G7)[12]
Vladimir Putin
Strelna, Saint Petersburg
First G8 Summit on Russian Federation soil. Also, the International Atomic Energy Agency and UNESCO made their debut here.[33]
33rd6–8 June 2007
 Germany
Angela Merkel
Heiligendamm, Mecklenburg-Vorpommern
Seven different international organizations accepted their invitations to this Summit. The Organisation for Economic Co-operation and Development and the Commonwealth of Independent States made their debut here.[33]
34th7–9 July 2008
 Japan
Yasuo FukudaTōyako, Hokkaidō[44]Nations that accepted their G8 Summit invitations for the first time are: Australia, Indonesia and South Korea.[33]
35th8–10 July 2009
 Italy
Silvio Berlusconi
La Maddalena, Sardinia (cancelled)
L'Aquila, Abruzzo (re-located)[45]
[46]This G8 Summit was originally planned to be in La Maddalena (Sardinia), but was moved to L'Aquila as a way of showing Prime Minister Berlusconi's desire to help the region after the 2009 L'Aquila earthquake. Nations that accepted their invitations for the first time were: Angola, Denmark, Netherlands and Spain.[47] A record of ten international organizations were represented in this G8 Summit. For the first time, the Food and Agriculture Organization, the International Fund for Agricultural Development, the World Food Programme, and the International Labour Organization accepted their invitations.[48]
36th25–26 June 2010[49]
 Canada
Stephen Harper
Huntsville, Ontario[50]
[51]Malawi, Colombia, Haiti, and Jamaica accepted their invitations for the first time.[52]
37th26–27 May 2011
 France
Nicolas Sarkozy
Deauville,[53][54]Lower Normandy
Guinea, Niger, Côte d'Ivoire and Tunisia accepted their invitations for the first time. Also, the League of Arab States made its debut to the meeting.[55]
38th18–19 May 2012
 United States
Barack Obama
Chicago, Illinois (cancelled)
Camp David, Maryland (re-located)[56]
The summit was originally planned for Chicago, along with the NATO summit, but it was announced officially on 5 March 2012, that the G8 summit will be held at the more private location of Camp David and at one day earlier than previously scheduled.[57] Also, this is the second G8 summit, in which one of the leaders, Vladimir Putin, declined to participate. This G8 summit concentrated on the core leaders only; no non-G8 leaders or international organizations were invited.
39th17–18 June 2013
 United Kingdom
David Cameron
Lough Erne, County Fermanagh[58]
[59]As in 2012, only the core members of the G8 attended this meeting. The four main topics that were discussed here were trade, government transparency, tackling tax evasion, and the ongoing Syrian crisis.[60]
40th4–5 June 2014
 European Union

Herman Van Rompuy
José Manuel Barroso

Brussels, Belgium (re-located from Sochi, Russia)
G7 summit as an alternative meeting without Russia in 2014 due to association with Crimean crisis.[61] The 2014 G8 summit in Sochi was cancelled and re-located to Brussels, Belgium without Russia.[62] Emergency meeting in March 2014 in The Hague.
41st7–8 June 2015
 Germany
Angela Merkel
Schloss Elmau, Bavaria[63]
[1]Summit dedicated to focus on the global economy as well as on key issues regarding foreign, security and development policy.[64] The Global Apollo Programme was also on the agenda.[65]
42nd26–27 May 2016[66][67]
 Japan
Shinzō Abe
Shima, Mie Prefecture[68]
[2]The G7 leaders aim to address challenges affecting the growth of the world economy, like slowdowns in emerging markets and drops in price of oil. The G7 also issued a warning on the United Kingdom that "a UK exit from the EU would reverse the trend towards greater global trade and investment, and the jobs they create and is a further serious risk to growth".[69] Commitment to an EU–Japan Free Trade Agreement.
43rd26–27 May 2017[70]
 Italy
Paolo Gentiloni
Taormina, Sicily[71]
[3]G7 leaders emphasized common endeavours: to end the Syrian crisis, to fulfill the UN mission in Libya and reducing the presence of ISIS, ISIL and Da'esh in Syria and Iraq. North Korea was urged to comply with UN resolutions, Russian responsibility was stressed for Ukrainian conflict. Supporting economic activity and ensuring price stability was demanded while inequalities in trade and gender were called to be challenged. It was agreed to help countries in creating conditions that address the drivers of migration: ending hunger, increasing competitiveness and advancing global health security.[72]
44th8–9 June 2018
 Canada[73]
Justin Trudeau
La Malbaie, Quebec
[4]It took place at the Manoir Richelieu. Prime Minister Trudeau announced five themes for Canada's G7 presidency which began in January 2018. Climate, along with commerce trades, was one of the main themes. “Working together on climate change, oceans and clean energy[74] The G7 members' final statement contains 28 points. US President Donald Trump didn't agree to the economic section of the final statement.[75] The G7 members also announced to recall sanctions and to be ready to take further restrictive measures against Russian Federation for the failure of Minsk Agreement's complete implementation.[76]
45th25–27 August 2019
 France[77]
Emmanuel Macron
Biarritz, Nouvelle-Aquitaine
[5]
46thTBD, 2020
 United States[77]
Donald TrumpTBD
47thTBD, 2021
 United Kingdom[78]
TBDTBD


Leaders
























































Member
Representative(s)
Minister of Finance
Central Bank Governor

Canada

Prime Minister

Justin Trudeau

Minister of Finance

Bill Morneau

Stephen Poloz

France

President

Emmanuel Macron

Minister of the Economy

Bruno Le Maire

François Villeroy de Galhau

Germany

Chancellor

Angela Merkel

Minister of Finance

Olaf Scholz

Jens Weidmann

Italy

Prime Minister

Giuseppe Conte

Minister of Economy
and Finance

Giovanni Tria

Ignazio Visco

Japan

Prime Minister

Shinzō Abe

Minister of Finance

Tarō Asō

Haruhiko Kuroda

United Kingdom

Prime Minister

Theresa May

Chancellor of the Exchequer

Philip Hammond

Mark Carney

United States

President

Donald Trump

Secretary of the Treasury

Steven Mnuchin

Jerome Powell

European Union

Council President[79]

Donald Tusk

Commissioner for Economic
and Monetary Affairs
and the Euro

Valdis Dombrovskis

Mario Draghi

Commission President[79]

Jean-Claude Juncker


Country leaders and EU representatives, as of 2019



Member country data














































































































Member

Trade mil. USD (2014)

Nom. GDP mil. USD (2014)[80]

PPP GDP mil. USD (2014)[80]

Nom. GDP per capita USD (2014)[80]

PPP GDP per capita USD (2014)[80]

HDI (2015)
Population (2014)

Permanent members of UN Security Council

DAC

OECD
Economic classification (IMF)[81]
Canada
947,200
1,785,387
1,595,975
50,304
44,967
0.913
35,467,000

Red XN

Green tickY

Green tickY
Advanced
France
1,212,300
2,833,687
2,591,170
44,332
40,538
0.888
63,951,000

Green tickY

Green tickY

Green tickY
Advanced
Germany
2,866,600
3,874,437
3,748,094
47,774
46,216
0.916
80,940,000

Red XN

Green tickY

Green tickY
Advanced
Italy
948,600
2,167,744
2,135,359
35,335
35,131
0.873
60,665,551

Red XN

Green tickY

Green tickY
Advanced
Japan
1,522,400
4,602,367
4,767,157
36,222
37,519
0.891
127,061,000

Red XN

Green tickY

Green tickY
Advanced
United Kingdom
1,189,400
2,950,039
2,569,218
45,729
39,826
0.907
64,511,000

Green tickY

Green tickY

Green tickY
Advanced
United States
3,944,000
17,348,075
17,348,075
54,370
54,370
0.915
318,523,000

Green tickY

Green tickY

Green tickY
Advanced

European Union
4,485,000
18,527,116
18,640,411
36,645
36,869
0.865
505,570,700
N/A

Green tickY
N/A
N/A

The G7 is composed of the seven wealthiest advanced countries. The People's Republic of China, according to its data, would be the second-largest with the 16.4% of the world net wealth,[2] but is excluded because the IMF and other main global institutions do not consider China an advanced country and because of its relatively low net wealth per adult and HDI.[82][12] As of 2017 Crédit Suisse reports the G7 (without the European Union) represents above 62% of the global net wealth.[83] Including the EU the G7 represents over 70% of the global net wealth.[84]



Member facts


  • 7 of the 7 top-ranked advanced economies with the current largest GDP and with the highest national wealth (United States, Japan, Germany, UK, France, Italy, Canada).[85]

  • 7 of the 15 top-ranked countries with the highest net wealth per capita (United States, France, Japan, United Kingdom, Italy, Canada, Germany).

  • 7 of 10 top-ranked leading export countries.[86]

  • 5 of 10 top-ranked countries with the largest gold reserves (United States, Germany, Italy, France, Japan).

  • 7 of 10 top-ranked economies (by nominal GDP), according to latest (2016 data) International Monetary Fund's statistics.

  • 3 countries with a nominal GDP per capita above US$40,000 (United States, Canada, Germany).

  • 4 countries with a sovereign wealth fund, administered by either a national or a state/provincial government (United States, France, Canada, Italy).[87]

  • 7 of 30 top-ranked nations with large amounts of foreign-exchange reserves in their central banks.

  • 3 out of 9 countries having nuclear weapons (France, UK, United States),[88][89] plus 2 countries that have nuclear weapon sharing programs (Germany, Italy).[90][91]

  • 6 of the 9 largest nuclear energy producers (United States, France, Japan, Germany, Canada, UK), although Germany announced in 2011 that it will close all of its nuclear power plants by 2022.[92] Following the 2011 Tōhoku earthquake and tsunami, Japan shut down all of its nuclear reactors.[93] However, Japan restarted several nuclear reactors, with the refueling of other reactors underway.

  • 7 of the 10 top donors to the UN budget for the 2016 annual fiscal year.

  • 5 countries with a HDI index for 2016 of 0.9 and higher (United States, Germany, United Kingdom, Canada, Japan).

  • 2 countries with the highest credit rating from Standard & Poor's, Fitch, and Moody's at the same time (Canada and Germany).[94]

  • 3 countries are constitutional monarchies (United Kingdom, Canada, Japan), 2 are presidential republics (France, United States) and the other 2 are parliamentary republics (Germany and Italy).

  • One country (Canada) has legalized cannabis consumption at the federal level, which took effect on October 17, 2018. Canada is the first G7 country to do so.[95]


Controversy



2014 suspension and following exclusion of Russian Federation


In March 2014 Russian Federation was suspended by G7 members from the political forum G8 following the annexation of Crimea. After the suspension, on January 2017 Russian Federation decided permanently to leave the G8. It was confirmed in June 2018.[96][97][98][99][100]



2015 protests


In 2015, despite Germany's immense efforts to prevent it and despite the remote location of the summit, the luxury hotel Schloss Elmau at the foot of the Wetterstein mountains at an altitude of 1,008 m (3,307 ft) above sea level, about 300 of the 7500 protesters led by the group 'Stop-G7' managed to reach the 3 m high and 7 km long security fence surrounding the summit location. The protesters questioned the legitimacy of the G7 to make decisions that could affect the whole world. Authorities had banned demonstrations in the closer area of the summit location and 20,000 policemen were on duty in Southern Bavaria to keep activists and protesters from interfering with the summit.[101][102]



2018 Trump conflict over tariffs and Russian Federation


The 2018 meeting in Charlevoix, Canada, was marred by fractious negotiations concerning tariffs and Donald Trump's unorthodox position that Russia should be reinstated to the political forum G8, despite its limited national wealth and its lack of an advanced economy according to the IMF. The Trump administration had just imposed steel and aluminum tariffs on many countries, including European countries that are fellow members of the G7, and Canada, the host country for the 2018 meeting. Trump arrived late, left the meeting early, expressed dismay at Canadian Prime Minister Trudeau for holding a press conference in which Canada restated its position on tariffs (a public criticism of Trump's economic policy), and directed his representatives at the meeting to not sign the economic section of the joint communique that is typically issued at the conclusion of the meeting. An opinion writer at the Washington Post, Max Boot, opined that Trump had turned the meeting into a confrontation between the "G-6 versus the G-1."[103] and economist Paul Krugman suggested that it probably had more to do with whatever hold Putin has over Trump personally.[104]


German Chancellor Angela Merkel described Trump's behavior as a "depressing withdrawal," while French President Emmanuel Macron invited him "to be serious."[105] In the final statement signed by all members except the US, G7 announced its intention to recall sanctions and to be ready to take further restrictive measures within the next months against the Russian Federation for its failure to completely implement the Minsk Agreement.[76]



See also


  • Big Four

  • NATO Quint

  • Group of Eight

  • Group of Ten (economics)

  • G10 currencies

  • G20

  • Group of Thirty

  • Developed country

  • List of country groupings

  • List of multilateral free-trade agreements




References




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External links






  • G7/8 Information Centre – University of Toronto









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