Italy’s G7 summit: Key facts about the three-day event

By Vivek Dubey By Vivek Dubey CNBC-TV18.com CNBC-TV18.com Published June 13, 2024 Published June 13, 2024

The G7 is an informal assembly of seven advanced economies, providing a platform for global dialogue.

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The European Union participates in the G7, represented by the Presidents of the European Council and Commission.

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Russia was part of the G7 (then G8) from 1998-2014, but was suspended due to its annexation of Crimea.

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The G7 operates informally, without a charter or secretariat, focusing on open dialogue.

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The G7 presidency rotates annually among member states, ensuring equal leadership opportunities.

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Sherpas, ministers and envoys of member countries, prepare policy initiatives at pre-summit meetings.

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G7 decisions aren’t legally binding, but carry significant political impact due to members’ influence.

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The annual summit is attended by the Heads of State and Government of the seven Member States, EU representatives, and invited guests.

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States and International Organisations are invited by the Presidency to attend the summit.

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India, Algeria, Argentina, Brazil, Egypt, Kenya, Mauritania, Saudi Arabia, South Africa, Tunisia, Turkey, UAE and organisations like the United Nations.

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The G7’s decisions and discussions have a significant impact on global economic and political landscapes.

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Italy’s G7 summit: Key facts about the three-day event

The G7 is an informal assembly of seven advanced economies, providing a platform for global dialogue.

G7 Defined

G7 Defined

The European Union participates in the G7, represented by the Presidents of the European Council and Commission.

EU Participation

EU Participation

Russia was part of the G7 (then G8) from 1998-2014, but was suspended due to its annexation of Crimea.

Russia’s History

Russia’s History

The G7 operates informally, without a charter or secretariat, focusing on open dialogue.

G7’s Functioning

G7’s Functioning

The G7 presidency rotates annually among member states, ensuring equal leadership opportunities.

Presidency Rotation

Presidency Rotation

Sherpas, ministers and envoys of member countries, prepare policy initiatives at pre-summit meetings.

Role of Sherpas

Role of Sherpas

G7 decisions aren’t legally binding, but carry significant political impact due to members’ influence.

Influence, Not Enforcement

Influence, Not Enforcement

The annual summit is attended by the Heads of State and Government of the seven Member States, EU representatives, and invited guests.

Summit Attendees

Summit Attendees

States and International Organisations are invited by the Presidency to attend the summit.

Invited States

Invited States

India, Algeria, Argentina, Brazil, Egypt, Kenya, Mauritania, Saudi Arabia, South Africa, Tunisia, Turkey, UAE and organisations like the United Nations.

Italy’s Invitations

Italy’s Invitations

The G7’s decisions and discussions have a significant impact on global economic and political landscapes.

Global Impact

Global Impact

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