What does G7 stand for – and what is its purpose?

Political forum leaders have met in Germany to discuss pressing issues such as the war in Ukraine

The 2022 G7 summit is drawing to a close and some of the world’s most important leaders are forming a united front.

One of the key decisions of the G7 forum was joint support for Ukraine and points on the global food crisis.

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The group meets annually to discuss global issues.

But what does G7 stand for and what is the aim of the group?

G7 leaders met at Schloss Elmau near Garmisch-Partenkirchen, Germany for the 2022 summit. (Credit: Getty Images)

Here’s everything you need to know.

What does G7 stand for?

G7 stands for Group of Seven.

This refers to the number of member countries within the forum.

It was formerly known as G8 – when the group consisted of eight members from 1997 to 2014.

Which countries are in the G7?

The current members of the G7 group are:

  • Canada
  • France
  • Germany
  • Italy
  • Japan
  • United Kingdom
  • United States
  • European Union

Although not a country itself, the European Union represents Europe’s political group within the group.

Countries outside the official members are often invited to the summit as guests.

At the 2022 summit, these included India, Argentina, Senegal, South Africa and Indonesia.

Ukrainian President Volodymyr Zelenskyy also made a virtual appearance at the 2022 meeting.

Russia was an official member of the group from 1997 to 2014, when the country was suspended over its annexation of Crimea.

Shortly after the suspension, Russia voluntarily left the forum, with the G8 name reverting to G7 upon leaving the country.

What is the goal of the G7?

The forum was established in 1973 after it emerged from a gathering of finance ministers from each country.

Since its inception, the G7 has evolved into a formal meeting place for world leaders to discuss topical global issues.

These include issues such as security, trade, economics and climate change.

The group has reached consensus on key issues over the years and has maintained a unified viewpoint among members.

The G7 launched global initiatives on issues such as the AIDS pandemic, climate change and helping developing countries with financial aid.

In 2018, the annual summit hit the headlines after former US President Donald Trump insisted that Russia be reinstated in the group, while also discussing steel- and aluminum tariffs and its refusal to sign the clashed economic agreement of the forum.

During the 2022 summit, British Prime Minister Boris Johnson, along with other countries, presented a united front in support of Ukraine.

A statement from the group said: “We will continue to provide financial, humanitarian, military and diplomatic support and stand by Ukraine for as long as it is needed.”

“We remain appalled at and continue to condemn the brutal, unprovoked, unjustifiable and unlawful war of aggression against Ukraine by Russia and with the help of Belarus.”

https://www.nationalworld.com/news/world/what-does-g7-stand-for-meaning-name-of-group-purpose-3747384 What does G7 stand for – and what is its purpose?

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