G7 Summit 2024 Current Affairs| Important information about G7 summit 2024
Stay updated on the latest G7 summit 2024 current affairs with our brief overview highlighting the key takeaways. Explore Minikosh now.
Table of Contents
What is G7 Summit?
The Group of Seven (G7) is an intergovernmental political and economic forum consisting of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States; additionally, the European Union (EU) is a “non- enumerated member”. The G7 is an informal group of seven most industrialized democracies with no permanent secretariat.
(Easy trick to remember – JUICE with GF: J-Japan, U-USA, I-Italy, C-Canada, E-England, G-Germany and F- France)
Members of G7
Initially the group began as the G6 with six members- France, the United States, the United Kingdom, Germany, Japan and Italy.
It became the G7 in 1976 when Canada became its seventh member. It became the G8 with the joining of Russia in 1997. Russia was expelled from the group after Ukraine annexed the Crimean region in 2014. After Russia’s exit, the group was renamed again the G7. The European Union has been continuously participating in the G7 meetings since 1977.
About G7 Summit
The first summit meeting of the G7 heads of state and government was held in Ramboylet, France in 1975. Every year, one of the members of G7 hosts the annual summit. The G7 summit rotates annually among the member countries (France, the United States, the United Kingdom, Germany, Japan, Italy and Canada in this order).
The last G7 summit was held in Hiroshima, Japan in May 2023. Apart from this it was held in Canada in the year 2018, France in 2019, United States of America (But it was virtual due to COVID pandemic) in 2020, United Kingdom in 2021, Germany in 2022. The First summit was held in 1975.
The G7 summit 2024 was held on June 13-15, 2024 in the Fasano city of Apulia, Italy. The event was attended by the leaders of the seven member states as well as the President of the European Council and the President of the European Commission representing the European Union.
Presidency of the G7 Summit 2024
It was 50th edition of G7 summit . This was the first significant international event hosted by Italian Prime Minister Giorgia Meloni since she assumed office in October 2022. Alongside the conflicts in Ukraine and Gaza, Italy aims to emphasize Africa, migration, economic security, and global collaboration on artificial intelligence (AI) at the summit.
Main Agendas of G7 Summit 2024
- Supporting Ukraine’s Fight for Freedom: G7 leaders plan to provide Ukraine with $50 billion in new financing from the interest on immobilized Russian assets in the EU and other jurisdictions. The Biden Administration introduced new sanctions and export controls, in line with G7 commitments to pressure Russia over its war against Ukraine. In Puglia, President Biden and President Zelensky signed the U.S.-Ukraine Bilateral Security Agreement, highlighting the U.S.’s commitment to enhancing security cooperation and consulting in case of future attacks.
- Advancing International Peace, Security, and Prosperity: The G7 emphasizes respecting the UN Charter, promoting global peace and security, and maintaining a free and open international order.
- Supporting Developing Countries: The G7 is increasing support for developing countries to accelerate progress towards Sustainable Development Goals.
- Promoting Economic Resilience and Security: President Biden urged the G7 to take steps to protect workers, industries, and investments.
- Investing in Childcare: The G7 is addressing gender inequality by tackling the unequal distribution of care work.
- Promoting Health and Food Security: The G7 continues to lead global efforts to address food security crises and strengthen health systems.
- Accelerating the Clean Energy Transition: The G7 is enhancing efforts to tackle climate change, pollution, and biodiversity loss.
- Enhancing Migration Partnerships: Based on the Los Angeles Declaration on Migration and Protection, the G7 commits to addressing migration challenges and opportunities.
- Increasing AI Safety Coordination: G7 leaders aim to enhance the interoperability of AI governance and risk management approaches.
- Deepening AI Cooperation: Following the Biden Administration’s Executive Order on AI, the G7 is building global partnerships to ensure AI benefits are widely shared and risks mitigated.
Also Read T20 World Cup All updates 2024
Countries and International Organizations Invited
The Italian presidency invited leaders from 12 countries and 5 international organizations to participate in some working sessions during the summit:
Leaders of 12 invited countries
- Algeria: Abdelmadjid Tebboune, President
- Argentina: Javier Milei, President
- Brazil: Luis Inácio Lula da Silva, President (G20 presidency)
- India: Narendra Modi, Prime Minister
- Jordan: Abdallah II, King
- Kenya: William Ruto, President
- Mauritania: Mohamed Ould Ghazouani, President (Chair of the African Union)
- Tunisia: Ahmed Hachani, Prime Minister
- Türkiye: Recep Tayyip Erdoğan, President
- Ukraine: Volodymyr Zelensky (President)
- United Arab Emirates: Mohammed bin Zayed Al Nahya, President
- Vatican City: Pope Francis (head)
Guests of participating international organizations (5)
- African Development Bank: Akinwumi Adesina, President
- International Monetary Fund: Kristalina Georgieva, Managing Director
- OECD (Organization for Economic Co-operation and Development): Mathias Cormann, Secretary General
- United Nations-Antonio Guterres (Secretary- General)
- World Bank: Ajay Banga (President)
Additionally, President Michel conducted bilateral meetings on the sidelines of the summit.
G7 Country States and Key Leaders
- Canada- Justin Trudeau (Prime Minister)
- France- Emmanuel Macron (President)
- Germany- Olaf Scholz (Chancellor)
- Italy (host)- Giorgia Meloni (Prime Minister)
- Japan- Fumio Kishida (Prime Minister)
- United Kingdom- Rishi Sunak (Prime Minister)
- United States- Joe Biden (President)
- European Union- Ursula von der Leyen, Charles Michel
India at G7 Summit
Italian Prime Minister Giorgia Meloni has invited Prime Minister Narendra Modi to attend the G7 summit.
This was India’s 11th participation at the G7 summit and prime minister Modi’s fifth consecutive participation at the G7 summit. Prime Minister Narendra Modi has participated in G7 outreach sessions in 2019, 2021, 2022, 2023, 2024 (Five Times).
The first Indian Prime Minister to be invited to the G8 summit in 2003 was Atal Bihari Vajpayee. France was the host country at that time.
Prime Minister Manmohan Singh has attended the G7 summit five times. (2005, 2006, 2007, 2008, 2009)
One liner questions (Major takeaways)
Where has the ‘G7 Summit 2024’ been held?
Ans : Apulia (Italy)
When and how long has the ‘G7 Summit 2024’ been held?
Ans: 13-15 June
Who has chaired the ‘G7 Summit 2024’?
Ans: Giorgia Meloni
What was the edition of ‘G7 Summit 2024’?
Ans: 50th
How many countries have Italy included as guests at the ‘G7 Summit 2024’?
Ans: 12
How many times has Italy chaired the G7 Summit?
Ans: 7
In which year was the G7 founded?
Ans: 1975
How many countries were there in the G7 at the time of its establishment?
Ans: 6 countries
(Facts: During 1970s, the United States, France, the United Kingdom, Germany, Japan and Italy formed the Group of six (G6) as an informal group of advanced industrial economies. It will meet annually to discuss matters of political and economical importance. In 1976, Canada was included in it and became Group 7 (G7).)
The first G7 meeting was held in which country?
Ans: Paris (France)
In which year did Russia join the G7?
Ans: 1998
In which year was Russia pulled out of the G7?
Ans: 2014
