The Group of Seven is an informal intergovernmental political and economic forum of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States, with the European Union participating as a non-enumerated member. It evolved from the 'Library Group,' an informal finance-ministry gathering established March 25, 1973 in the wake of the early-1970s oil shocks and the collapse of the Bretton Woods fixed-exchange-rate system, becoming the Group of Six at its first leaders' summit on November 15, 1975 and expanding to seven with Canada's addition in 1976. Organized around shared commitments to pluralism, liberal democracy and representative government, the G7 has no founding treaty and no permanent secretariat or office; it operates instead through an annually rotating presidency, the host nation running that year's summit and coordinating discussion of trade, security, economic policy and, more recently, climate change among the member governments.
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Geography
Country or Jurisdiction Served Country or Jurisdiction Served Country or Jurisdiction Served Country or Jurisdiction Served Country or Jurisdiction Served Country or Jurisdiction Served Country or Jurisdiction Served Founding YearThe informal 'Library Group' predecessor dates to March 1973; the group first met as a leaders' summit, the Group of Six, on November 15, 1975, becoming the Group of Seven with Canada's 1976 addition. 1975 is recorded as the founding year of the summit format itself. Founding Date HeadquartersNo permanent headquarters. The G7 has no treaty basis and no permanent secretariat or office; the presidency, which rotates annually among the member states, hosts the summit and sets priorities for its year. 1 Classification
Institution SubtypeEconomic Forum or Coordinating Body 1 Connections
Associated With
The G20 finance-ministers forum was created in 1999 on the initiative of the G7 finance ministers, following the G7's 1999 Cologne summit commitment to broaden dialogue to systemically important economies.
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1. Wikipedia
Wikimedia FoundationG7, History
becoming formally known as the Group of Six (G6) at its first summit on 15 November 1975, then expanding to the Group of Seven (G7) in 1976
G7 Wikipedia article, History section and summit-list infobox (15-17 November 1975, Rambouillet)
At the initiative of Giscard d'Estaing and his German counterpart, Helmut Schmidt, France hosted a three-day summit in November 1975, inviting the Group of Five plus Italy, forming the 'Group of Six' (G6).
Associated With: Group of Twenty (G20), G20 Wikipedia article, History section
The G20 was foreshadowed at the Cologne summit of the G7 in June 1999, and formally established at the G7 Finance Ministers' meeting on 26 September 1999 with an inaugural meeting on 15-16 December 1999 in Berlin.
View the Source 2. Group of Seven (G7) - Wikipedia (Wikipedia)
Wikidata: Group of Seven (G7)
Wikidata Q1764511, class allow-list match (w-wdresolver-0926)View the Source G7 (Wikipedia)
WikipediaG7, lead section and history
It is organized around the shared values of pluralism, liberal democracy, and representative government.
Lead section
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".
G7 Wikipedia article, Organization section
The G7 is not based on a treaty and has no permanent secretariat or office. It is organized through a presidency that rotates annually among the member states, with the presiding state setting the group's priorities and hosting the summit
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