G-7 Summit: International Forum for Cooperation and Discussion

The G-7 summit is an international forum where every year the leaders of its member countries come together on one platform. The G7 member countries are France, the US, the UK, Germany, Japan, Italy and Canada. Also the European Union is a part of this meeting. The leaders involved in the G7 meeting share their views on fundamental values. Exchange views on issues such as freedom, democracy and human rights. This meeting also discusses international challenges facing the world community. Global economy and regional issues. Also a document of the conclusion of this meeting is released. In the 70s, developed countries had many challenges, such as the first oil crisis of 1973. At that time it was felt necessary to establish policy discussions and coordination at the level of leaders on issues of needs such as economy, trade, currency, energy. The G7 summit was first held in Paris in 1975. At that time 6 countries participated. Germany, the UK, Italy, and Japan hold the presidency of the G7 in 2026. The G7 is held every year after 2026.