• Prime Minister Narendra Modi travels to Italy to attend the annual summit of G7 grouping that is set to focus on dealing with global geopolitical turmoil.

• Modi, accompanied by a high-level delegation, will attend an outreach session on the summit on June 14. It will be his first trip abroad after assuming charge as Prime Minister for the third term.

• Italy hosts the annual summit of leaders from the Group of Seven (G7) major democracies on June 13-15. 

• The meeting will be held in Borgo Egnazia in the southern region of Puglia,  also known as Apulia. 

• The host country traditionally invites outside guests to join some of the sessions. Italy has thrown open the doors and will this year welcome Pope Francis, the King of Jordan as well as the leaders of Ukraine, India, Brazil, Argentina, Turkey, the United Arab Emirates, Kenya, Algeria, Tunisia and Mauritania, which holds the presidency of the African Union.

• In addition, the Secretary-General of the United Nations and heads of the World Bank, the International Monetary Fund (IMF), the African Development Bank and the Organisation for Economic Co-operation and Development (OECD) will be present.

What is Group of Seven (G7)?

• The G7 comprises the UK, Canada, France, Germany, Italy, Japan and the United States. 

• It is the group of top seven developed economies. 

• The Group was established as a platform for economic and financial cooperation in response to the 1973 energy crisis. 

• The first Summit of Heads of State and government was held in 1975 in Rambouillet, France. It included France, the United States of America, the United Kingdom, Germany, Japan, and Italy.

• In 1976, with the admission of Canada, the G7 took its current configuration. Since 1977, representatives of the European Economic Community, now the European Union, also participate in the work of the Group. 

• The European Union is a ‘non-enumerated’ member and does not assume the rotating G7 presidency. 

• The G7 expanded into the G8 between 1997 and 2013, with the inclusion of Russia. 

• Russia was expelled from the G8 in 2014 when Barack Obama was US president, after Moscow annexed the Crimea region from Ukraine. 

• The role as host, also known as the G7 presidency, rotates annually among member countries in the following order: France, United States, United Kingdom, Germany, Japan, Italy and Canada. 

• The combined gross domestic product of G7 countries is about $40 trillion — a little less than half of the global economy.

• The annual G7 summits have over the years developed into a platform for determining the course of multilateral discourse and shaping political responses to global challenges. 

• It complements the role of the G20, which is widely regarded as the framework for ongoing global economic coordination.

• It is capable of setting the global agenda, because decisions taken by these major economic powers have a real impact. The political direction set by these leaders on a policy issue will have a “ripple” effect across many other international organisations and institutions.

• Thus, decisions taken at the G7 are not legally binding, but exert strong political influence.

How does the G7 work?

• Compared to an international organisation, the G7 does not have a permanent administrative structure. 

• Each year, starting from January 1, one of the Member States takes over the leadership of the Group on a rotating basis. 

• The nation holding the presidency serves as a temporary secretariat and hosts the Group work and the Leaders’ Summit. 

• Most importantly, the presidency plays a key role in setting the agenda and identifying key priorities. 

• On January 1, 2024, Italy assumed the presidency for the seventh time in its history, succeeding Japan, and will hand it over to Canada on December 31, 2024.

• The Summit, the G7 Presidency’s centerpiece, is attended by the Heads of State and government of the seven Member States, representatives of the European Union, as well as States and international organisations invited by the presidency.

• The G7 Summit concludes with the adoption of a communique outlining important political commitments. These communiques — and more broadly the G7 decisions — have a significant influence on global governance and decision-making processes.

• The Summits are prepared by the Sherpas, who are personal representatives of the Heads of State and government. Sherpas are responsible for overseeing the negotiations and drafting the Group’s final communique.

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