About G7 Summit with Historical Details and Current Summit Updates.

What does G7 stand for?

Leaders of the Group of Seven (G7) countries – Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. They do meeting for a three-day summit to discuss global affairs in the southern Italian region of Puglia (Apulia).

Where is the G7 summit 2024?

Italy will host the G7 Summit in Puglia, Italy, in June. The 50th G7 Summit is being held from June 13 to 15, 2024, in Fasano, Apulia, Italy, with leaders from Canada, France, Germany, Italy, Japan, the UK, and the US, along with EU representation.

About the G7 Summit.

The G7 Summit is an international forum held annually for the leaders of the G7 member in order of rotating presidency and the European Union (EU). At the G7 Summit, the leaders of the G7, which shares fundamental values such as freedom, democracy and human rights. Exchange candid views on important challenges the international community is facing at that time, such as the global economy, regional affairs and various global issues, and issue a document as an outcome of such discussions.

Member of G7.

Canada, France, Germany, Italy, Japan, the UK, and the US.

Established.

The Group was established as a platform for economic and financial cooperation in response to the 1973 energy crisis. The first Summit of Heads of State and Government was held in 1975 in Rambouillet, France. It included France, the United States of America, the United Kingdom, Germany, Japan, and Italy. In 1976, with the admission of Canada, the G7 took its current configuration. Since 1977, representatives of the European Economic Community, now the European Union, also participate in the work of the Group.

Italian PM Giorgia Meloni Greeted G7 members and Indian Prime Minister Narendra Modi at G7 Summit 2024

The agenda includes the Russia-Ukraine conflict, Middle East issues, climate and energy linkages, migration, food security, and the ethical use of Artificial Intelligence.

Importance of India In G7 Summit.

“India has an important position in Global South; everybody counts on it as stabilizing factor”:

Former Italian Sherpa for G8 and G20 and Ambassador Giampiero Massolo stressed that India is a prominent country and a huge democracy.

Speaking to ANI, Ambassador Massolo further emphasized that India is among the most important countries in the world.

“India, it’s a prominent country. It’s among the most important countries in the world, a huge democracy. So everybody counts on India as a stabilizing factor. You have an important position in the global south. You are pledging towards a multipolar world,” he told ANI.

PM Modi and PM Meloni held higher political dialogue and reviewed progress of India-Italy strategic partnership.

While expressing happiness at growing trade and economic collaboration. They called for expanding commercial ties in clean energy, manufacturing, Space, S&T, telecom, AI and critical minerals to build resilient supply chains. In this context, they welcomed the recent signing of a MoU on Industrial Property Rights (IPR). This MoU provides a framework for cooperation on patents, designs and trademarks.

PM Modi meets British PM Rishi Sunak, French President Emmanuel Macron and Ukrainian President Volodymyr Zelenskyy.

Indian Prime Minister Narendra Modi on June 14 met British PM Rishi Sunak and French President Emmanuel Macron. PM Modi held a bilateral meeting with both the Leaders.

Prime Minister Narendra Modi held talks with Ukranian President Volodymyr Zelenskyy on the sidelines of the G7 summit in Italy’s Apulia region. It is learnt that Mr. Zelenskyy briefed Mr. Modi on various aspects of the Russia-Ukraine conflict.

PM Modi, Japan’s Kishida discuss Mumbai-Ahmedabad high speed rail project on sidelines of G7 Summit

Prime Minister Narendra Modi held a bilateral meeting with Japanese PM Fumio Kishida on the sidelines of the G-7 Summit in Apulia, Italy. PM Modi discussed the Mumbai-Ahmedabad High Speed Rail project with a targeted 5 trillion yen worth of investment in India.

Key issues Discussed in 2024 G7 Summit.

Israel-Hamas conflict: Group of Seven leaders are very concerned by the situation on the Israel-Lebanon border and endorse US efforts to secure a ceasefire in the Gaza Strip.
Russia-Ukraine conflict: At the G7 summit in Italy, key issues include a proposed $50 billion loan to Ukraine, funded by frozen Russian assets, and discussions on the Israel-Hamas conflict. Biden and Zelenskyy sign security deal as Ukraine’s leader questions how long the unity will last.
Migration: The Group of Seven leading industrialized nations of the world discussed issues of migration followed by the Indo-Pacific and economic security on June 14 2024
Artificial Intelligence: The Argentine Pope used his annual peace message this year to call for an international treaty to ensure AI is developed and used ethnically. He argues that a technology lacking human values of compassion, mercy, morality and forgiveness is too perilous to develop unchecked.