For the 45th year in a row, seven of the most powerful people in the world will get together for an informal summit that has weathered everything from the Cold War through the global financial crisis to U.S. President Donald Trump's Twitter feed. Here are key things to know ahead of the summit Saturday
1 / 6G7 Summit What’s The G7FILE - In this Nov. 17, 1975 file photo the six heads of state and government attending Economic and Monetary summit meeting at the Chateau de Rambouillet, West of Paris, pose for a group portrait before the final session.
Here are key things to know ahead of the summit Saturday through Monday in the resort town of Biarritz in France's southwestern Basque country.The G-7 is an informal club of rich democracies that aim to enhance their friendship and synchronize their views. Countries take turns chairing the annual summit, which typically ends with a final statement expressing financial and political commitments. It has no charter, rule book or bureaucracy of its own.
The global economy was the original focus for the G-7. But it has expanded to tackle security, terrorism, human rights and the environment. Initiatives have included supporting global trade negotiations, agreeing on economic stimulus and avoiding protectionism, figuring out debt relief for poor countries, and setting up a fund to fight HIV/AIDS, tuberculosis and malaria.
John Kirton, director of the G-7 Research Group, says that"if you need a group of democratically committed powers, the G-7 is the only place in the global village to go."Trump has shaken up the assumptions of close cooperation, particularly by rejecting the support by the other six for the Paris climate accord.
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