Difference between revisions of "G7"

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The '''Group of Seven''' ('''G7''') is an intergovernmental political 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." Representatives of other states and international organisations are often invited as guests, with [[Russia]] having been a formal member (as part of the [[Group of Eight]]) from 1997 to 2014.<ref>''[https://www.diplomatie.gouv.fr/en/french-foreign-policy/french-g7-presidency-2019/the-g7-frequently-asked-questions/ "The G7: Frequently Asked Questions"]''</ref>
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The [[G7]] is organised around shared values of pluralism, liberal democracy, and representative government.
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==G7 worth over $200 trillion==
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As of 2020, [[G7]] members are large [[IMF]] advanced economies and account for over half of global net wealth (at over $200 trillion), 30 to 43 percent of global gross domestic product, and 10 percent of the world's population (770 million people). Members are great powers in global affairs and maintain mutually close political, economic, diplomatic, and military relations.
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Originating from an ''ad hoc'' gathering of finance ministers in 1973, the [[G7]] has since become a formal, high-profile venue for discussing and coordinating solutions to major global issues, especially in the areas of trade, security, economics, and [[climate change]].
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==Hiroshima Summit==
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The G7 Hiroshima Summit took place in Hiroshima City during the three days from 19 to 21 May 2023.<ref>''[https://japan.kantei.go.jp/ongoingtopics/g7hiroshima_summit2023/index.html "Official website of Japanese PM"]''</ref> President of the [[European Council]] [[Charles Michel]] and [[EU]] President [[Ursula von der Leyen]] joined [[Giorgia Meloni]], [[Justin Trudeau]], [[Emmanuel Macron]], [[Fumio Kishida]], [[Joe Biden]], [[Olaf Scholz]] and [[Rishi Sunak]] at the [[G7]] Summit.
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===China poses big challenge===
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In May 2023, in a speech at the [[G7]] Summit meeting in Hiroshima, [[UK]] Prime Minister [[Rishi Sunak]] stressed that [[China]] presents the greatest challenge to global security and prosperity. He said:{{QB|
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:"[[China]] poses the biggest challenge of our age to global security and prosperity. They are increasingly authoritarian at home and assertive abroad."
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:[[Sunak]] emphasised that leading economies, including [[Britain]] and other [[G7]] nations, should not aim for complete decoupling from [[China]]. Instead, they should adopt a unified approach to mitigate the challenges posed by [[China]]. "We are focused on de-risking, not decoupling," [[Sunak]] stated.
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:He further explained that the [[G7]] countries are taking measures to prevent [[China]] from utilising economic coercion to interfere in the sovereign affairs of other nations.<ref>''[https://timesofindia.indiatimes.com/videos/toi-original/british-pm-rishi-sunak-says-china-poses-biggest-threat-to-global-security/videoshow/100428115.cms "British PM Rishi Sunak says, 'China poses biggest threat to global security'"]''</ref>}}
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===China responds===
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[[China]]'s MFA spokeswoman MAO NING responded:{{QB|
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:"Hearing this rhetoric, we can’t help but ask what the [[G7]], as the wealthiest countries in the world, has visibly contributed to the wellbeing of developing countries? Why is the [[G7]] so obsessed with smearing and disrupting the normal cooperation between developing countries?
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:"If the [[G7]] really cares about developing countries, they need to deliver their promises including spending 0.7% of their Gross National Income (GNI) as Official Development Assistance (ODA) annually and mobilising $100 billion per year for climate action in developing countries. They need to step up to more international responsibilities and obligations and do more concrete things for developing countries."<ref>''[https://twitter.com/upholdreality/status/1660653552048435202 "China responds to G7 criticism"]''</ref>}}
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Revision as of 15:19, 23 May 2023

Group.png G7  Rdf-entity.pngRdf-icon.png
G7 Summit 2023.webp
G7 plus 2 EU at Hiroshima Summit
Member ofBusiness for Inclusive Growth

The Group of Seven (G7) is an intergovernmental political 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." Representatives of other states and international organisations are often invited as guests, with Russia having been a formal member (as part of the Group of Eight) from 1997 to 2014.[1]

The G7 is organised around shared values of pluralism, liberal democracy, and representative government.

G7 worth over $200 trillion

As of 2020, G7 members are large IMF advanced economies and account for over half of global net wealth (at over $200 trillion), 30 to 43 percent of global gross domestic product, and 10 percent of the world's population (770 million people). Members are great powers in global affairs and maintain mutually close political, economic, diplomatic, and military relations.

Originating from an ad hoc gathering of finance ministers in 1973, the G7 has since become a formal, high-profile venue for discussing and coordinating solutions to major global issues, especially in the areas of trade, security, economics, and climate change.

Hiroshima Summit

The G7 Hiroshima Summit took place in Hiroshima City during the three days from 19 to 21 May 2023.[2] President of the European Council Charles Michel and EU President Ursula von der Leyen joined Giorgia Meloni, Justin Trudeau, Emmanuel Macron, Fumio Kishida, Joe Biden, Olaf Scholz and Rishi Sunak at the G7 Summit.

China poses big challenge

In May 2023, in a speech at the G7 Summit meeting in Hiroshima, UK Prime Minister Rishi Sunak stressed that China presents the greatest challenge to global security and prosperity. He said:

"China poses the biggest challenge of our age to global security and prosperity. They are increasingly authoritarian at home and assertive abroad."
Sunak emphasised that leading economies, including Britain and other G7 nations, should not aim for complete decoupling from China. Instead, they should adopt a unified approach to mitigate the challenges posed by China. "We are focused on de-risking, not decoupling," Sunak stated.
He further explained that the G7 countries are taking measures to prevent China from utilising economic coercion to interfere in the sovereign affairs of other nations.[3]

China responds

China's MFA spokeswoman MAO NING responded:

"Hearing this rhetoric, we can’t help but ask what the G7, as the wealthiest countries in the world, has visibly contributed to the wellbeing of developing countries? Why is the G7 so obsessed with smearing and disrupting the normal cooperation between developing countries?
"If the G7 really cares about developing countries, they need to deliver their promises including spending 0.7% of their Gross National Income (GNI) as Official Development Assistance (ODA) annually and mobilising $100 billion per year for climate action in developing countries. They need to step up to more international responsibilities and obligations and do more concrete things for developing countries."[4]


 

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References

  1. ↑ "The G7: Frequently Asked Questions"
  2. ↑ "Official website of Japanese PM"
  3. ↑ "British PM Rishi Sunak says, 'China poses biggest threat to global security'"
  4. ↑ "China responds to G7 criticism"
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