G7 is a group of seven countries are United States, Canada, France, the United Kingdom, Germany, Italy, and Japan. India and all G7 nations are members of the G20.
Founded at: Washington, D.C.
Formation: 25 March 1973
Purpose: Political, Economic
G7 is formed to do discussions and take important steps for economic growth and development. They make new rules and regulations that all seven countries should follow and do work accordingly. Group of countries resolve all problems related economics, political fights, technology upgradation and exchange of currencies.
Metting was organized on 2023 19 to21 May In Hiroshima, Hiroshima Prefecture, Japan.
the discussions topics that was discussed by seven countries are :
- On the topics of United on Ukraine discussion
👉first topic was – New sanctions and export controls
New approval is given to all Industry for trading and export control by International Financial Management. In G7 take important discussion about the sanctions and export controls.
👉Second topic was – Discussing peace with a broad range of partner
In this second topics all the seven countries take discussion about the peace and fairness maintain in Industries. All partners follows all the rules and regulations.
2. On the topics of United on China discussion
👉First topic was-Economic security issues
In this all countries decided the economic issues and problems that make ressitance in growth of economy. In all take steps for security issues that maintain the issues that arise suddenly, environment uncertainty.
👉Second topic was- Indo-pacific
The Indo- Pacific Economic Framework for Prosperity is an economic. Countries decided to initiative taken for framework in economy and maintenance the trust between the all countries. It helps to grow faster and fairer.
👉Third topic was- Core values
All countries take important decisions on core values. In this all countries have their own core value. All of these maintain the proper coordination, cooperate in economic crises, economic difficulties. Concerns about the Human rights and protection.
3. On the topics of United on Economic Resilience and Economic Security.
👉First topic was- Protecting critical and emerging technologies
All these countries encourage to help each other in adopting the new technologies, protecting in critical situation and help to update all news about the new incentives taken by them.
👉Second topic was- Launching the G7 Coordination platform on Economic Coercion
G7 leaders introduced the platform on Economic Coercion to increases the growth of particular economic development. All the leaders taken initiative for economic pressing.
4.On the topics of United on Building the Clean Energy Economies of the Future
👉First topic was- Maximizing the impact of incentives
Discussion about the be the first mover advantages of incentives. All countries decided that take benefits of the impact of incentives and development of economy.
United on an Affirmative and Ambitious Development Agenda
👉First topic was- Tackling riding levels of debt
Taken steps for handling the debt problems and take immediate action for debt trap of any countries. All countries help to provide finance and recover from the economics crises.
👉Second topic was- Promoting the evolution of the multilateral development banks (MDBs)
Promoting the development/upgradation of the multilateral development banks. Discussion on the Interest rate, loans allow on at lower interest rate, helps in share market providing guidance to customers and updating according changes in economies like inflation or deflation.
👉Third topic was- Reversing the first global decline in life expectancy in nearly a century
The President of Countries concern about the health services and also launched the gobal health worker initiative for the health of workers of all countries.
👉Inversing in healthy security with U.S. contribution of $250 Million to the Pandemic Fund
Inversing the healthy share market with the U.S contribution $250 million in a pandemic fund.
Announcing the Hiroshima Action Statement for Resilient Global food Security with partner countries to address needs today and into the future
👉Showing Tangible Progress at the PGH One-Year Mark
👉Joining with partners
👉Introduction of new projects
👉Declaring a PGH Investor Forum in G7 meeting
On the topics of United on Nuclear Weapon
👉First topic was- Declaring the G7 Leaders’ In Hiroshima Meeting on Nuclear Disarmament
The all seven countries noted that a world without nuclear weapons cannot be achieved without nuclear non- proliferation, expressing concern specifically with regard to North Korea and Iran.