The world's main democracies will maintain their 50th summit from Thursday, a milestone for the framework that started as an financial discussion board however has since developed right into a maker of worldwide politics, and now contains seven international locations together with Japan and the US.
Sharing frequent values, key international locations inside the framework have mentioned responses to political points that shake the worldwide group and affirmed their unity. The upcoming three-day summit will convey collectively the leaders of the Group of Seven (G7) international locations plus the European Union within the southern Italian area of Puglia.
The inaugural summit was held in 1975 within the Parisian suburb of Rambouillet, on the proposal of the then French president Valery Giscard d'Estaing, for the coordination of financial and commerce insurance policies after the oil disaster of 1973. It was attended by the six international locations of Japan, USA, UK, France, Italy and the previous West Germany, now Germany. The framework welcomed its seventh member, Canada, in 1976, making itself the G7.