In this article, We learn about "The G8".Let's Go!
Group of Eight (G8) refers to the group of eight highly industrialized countries that holds a summit.
The G8 Summit is an annual meeting between leaders from the eight most powerful countries in the world.
The purpose is to work towards consensus on global issues such as economic growth and crisis management, global security, energy and terrorism.
National leaders hold meetings in different member states every year.
The G8 is represented by the governments of Canada, France, Germany, Italy, Japan, Russia, the United Kingdom and the United States.
The G8 consists of six founding members, plus Canada joined in 1976 and Russia became a full member in 1998.
The EU is the “unenumerated” ninth member state; the EU is represented by the President of the European Council and the President of the European Commission, and participates equally.
Although has no formal membership criteria, member countries should be democracies and have highly developed economies.
The G8, unlike the United Nations, is not a formal organization and does not have a charter or secretariat.
The chairmanship, responsible for planning ministerial meetings and annual summits, is held by member states in rotation.
What is the history behind G8?
In the early 1970s, the United States held a series of informal meetings with financial officials from Britain, West Germany, Japan, and France to discuss the economic challenges facing advanced industrial economies.
It was established because of the severe global financial crisis in the early 1970s, which prompted the United States to establish an organization called the "Library Group", a group of senior financial officials from Europe, Japan, and the United States A meeting composed of
In 1975, heads of government became involved and agreed to meet annually.
French President d'Estaing invited the heads of state and government of these countries and Italy to Rambouillet, France for a summit to discuss the oil crisis and economic recovery.
That meeting - the first G6 summit - issued a Fifteen-Point Declaration and agreed to hold annual summits under rotating member-state chairmanships.
The following year, Canada was invited to participate in the Puerto Rico Summit chaired by the United States, and the Group of Seven (G7) was established in 1976.
In 1977, the President of the European Commission was invited to attend the meeting. The President of the European Council now also attends regularly.
Russia began holding separate meetings with G7 leaders in 1994 and officially joined the group in 1997 at the invitation of US President Bill Clinton and British Prime Minister Tony Blair.
The organization later became the Group of Eight (G8).
What happens to G8?
The G8 Summit has a busy schedule of meetings, statements and media photos.
On the second day of the summit, leaders gathered for informal talks without many officials or media.
In the past, leaders have discussed issues such as peace in the Middle East, aid to developing countries and how to stop terrorism.
G8 members can agree on a plan and set goals, but they cannot force anyone to agree.
However, the wealth and power of G8 members means their views are often heard by other countries.
How long does the summit last?
The G8 summit lasts for two days.
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