G7- MEET

G7- MEET

• First in-person group meeting of G-7,  in the last two year held in London. 

• At this G7 meet, the United States of America, Japan and S. Korea agreed to work ‘towards denuclearisation of the Korean peninsula.’ 

• This meet will create base for a summit next month in southwest England on what will be Mr. Biden’s first foreign trip.

• South Korea, India, Australia, South Africa and ASEAN countries were invited as guests for meetings of the club of seven wealthy democracies.

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G-7 Group:

• It is an intergovernmental organisation made up of the world’s largest developed economies.

• Member countries include France, Germany, Italy, Japan, the United States, the United Kingdom, and Canada.

• Presidency keeps on rotating between the member countries.

• It was known as G-8 i.e. a group of eight until 2014. In 2014, Russia was removed from the groupings.