What is G7?
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The Group of Seven (G7) is an informal intergovernmental forum consisting of seven major advanced economies: Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. The European Union (EU) participates as a non-enumerated member but does not hold the rotating presidency.
Established in 1975 to coordinate responses to global economic challenges, the G7 has expanded its agenda to include international security, human rights, and emerging technologies like artificial intelligence. The group operates by consensus without a permanent secretariat or treaty, with the annual presidency rotating among member states to set priorities and host the summit.
Historically, the group briefly expanded to the G8 when Russia joined in 1997, but its membership was suspended in 2014 following the annexation of Crimea, reverting to the G7. The forum currently accounts for nearly half of the global economy and issues joint communiqués to guide international policy.
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Thursday, June 25, 2026 08:12AM
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