GROUP OF 7

 

The G7 comes from the meeting of the current board members of the G7, with the exception of Canada, which took place in 1975. At that time, the world’s economy into a recession and, as a result of the OPEC oil embargo. With the energy crisis escalates, the U.S. Secretary of finance, George, He had decided that it would be useful to have the major players in the international arena, and to co-ordinate their actions in the macro-economic initiatives in the future. After the first summit, the eu, and agreed to, and, a year later, in Canada, he was invited to join a group, that is, the formal establishment of the “big Seven” as we know it. In 1977, the President of the European Commission, was invited to attend the meeting, and after the collapse of the Soviet Union in 1991, and the other to thaw in relations between the East and the West of Ireland, he was invited to become a member of the group in the year 1998. After that, the group was called the “Great Eight” at the end of 2014, when Russia was banned from the Ukraine, and the annexation of the Crimea.
The Group of 7 (G7) is an informal group of seven countries, including the United States, Canada, australia, France, Germany, hungary, Italy, Japan, and the United Kingdom, where the leaders are to hold an annual summit with the participation of the European Union and other invited guests. In the eu member states, 40% of the global GDP and 10% of the world’s population. In contrast to other organs, such as the NATO, the G7 does not have the legal existence of a permanent secretariat and the official members. Also, there is no obligation to follow the impact of the policies, and all of the decisions and agreements made at the G7 meeting shall be ratified, and independent of the member States.

The election of Donald Trump in 2016, and that led to some friction between the G7 countries. In the run-up to the G7 summit in Sicily, in 2017, Trump refused to reaffirm OUR commitment in the 2015 climate agreement, and, in Germany, criticized the surplus on the trade balance is likely to block U.S. imports of German cars. In response, the German Chancellor, Angela Merkel, has questioned the integrity of the G7, said that for the first time since the second world War, in Europe, must be the fate in their own hands.At this year’s G7 summit, the countries took the unusual step of their exclusion from the U.S. of the last statement, saying that the US is still, in view of its role in the Paris Agreement. After the 2018 summit, Trump once again caused controversy by tweeting about his decision not to approve an official statement from the G7, because he was offended by the way, Canadian prime Minister Trudeau’s comments at a news conference. In the same year, Trump asked Russia to be reinstated into the group, a proposition that was rejected by other countries. In 2020, the G7 summit was cancelled for the first time, as a result of the Covid-19 pandemic.

 

The G7 summit was the birthplace of many global projects and initiatives. In 1997, the G7 countries have agreed to allocate $ 300 million to deal with the consequences of the Chernobyl accident. Then, at the end of 2002, the organization, the members decided to launch a co-ordinated response to the threat posed by hiv / Aids, tuberculosis, and malaria. Their efforts have led to the creation of the Global Fund, an innovative funding to more than $ 45 billion in aid, and, according to its website, it has saved the lives of more than 38 million people. The Apollo is a Global Program that was launched recently at the G7 summit in 2015. The Apollo program, which is designed to fight against climate change through clean energy, research and development, was established in the united kingdom, but did not succeed in making the other G7 countries have agreed to support it. The program calls for developed nations to commit to spending 0.02% of their GDP in the fight against climate change between 2015 and 2025, an amount on which payments of up to $ 150 billion over a 10-year period.

In spite of its success, the G7, it is also a great deal of criticism, and has been involved in a number of legal challenges. Up until the mid-1980s, the G7, the meetings were held behind closed doors, and it is informal. However, in the discussions at the G7 summit in 1985, in the member states, was signed later on the Plaza Agreement, which has had a serious impact on the global currency markets. Their actions have led to a strong international response, as well as in other countries, were disappointed that a meeting between a small group of countries, you can have such a disproportionate impact on the global economy. After the negative reaction to the Group of Seven, and began with the announcement of the agenda for the meetings in advance, so that as the markets prepare for the potential changes in the global macro-economic policies. However, in some countries, and some of the people still have the perception of the G7, as a unique group that is the honest exercise of its power over other nations. As a result, almost all of the peaks, since the year 2000, have been met with protests and demonstrations in the country where they are being held.

  1. The Agenda of the Meeting:
    The G7 Summit will provide a forum for member states to discuss shared values and concerns. Although it is primarily focused on international economic policy-making, in the 1980s, the Group of Seven, has expanded its mandate and also the issues related to foreign policy and security issues. In the past few years, the G7 leaders will have to meet the development of joint responses to challenges such as the fight against terrorism, the development of education, health, human rights, and climate change.