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G7 Summit: Meeting Between Leaders of Seven Largest Economies Starts

British Prime Minister Boris Johnson has also invited PM Narendra Modi to attend the G7 meet.

 

The Group of Seven (G7) meeting in Britain has started on Friday. At this time the world is battling an epidemic and it is believed that the seven big economic powers of the world will focus on finding a way out of Covid-19 and all the difficulties caused by it.

British Prime Minister Boris Johnson has also invited PM Narendra Modi to attend the meet. While PM Modi will not be going to Britain, he will be attending it virtually on 12th and 13th June. This is the first time in two years that the leaders of the world’s seven major economic powers will be seen together on one platform. China and Russia are not part of the G7 for different reasons. This time the theme of the meeting is – Build Back Better

 

Why Russia and China Not In The G7 Meet?

Russia became a part of ithe seven big economies in 1998 and then G7 was called G8. When it annexed Crimea in 2014, its membership was revoked.

China despite having the world’s largest population and second largest economy is not included in the G7. No clear reason for this was ever given officially. But, it is believed that inequality of per capita income, lack of democracy and media controlled by the government are some of the reasons.

 

Which issues will be under focus this time?

Ministers and officials of the countries involved in the G7 keep meeting throughout the year. This year the finance ministers of its member countries met before the G7 meeting. They decided that multinational companies should pay more tax. Covid recovery, global health system, climate change and trade will also be important issues.

Role of Quad

Apart from the permanent members, India and Australia have also been invited. The US and Japan are permanent members. That is, quad countries will also be present. China has already been alleging that the Quad is also a military cooperation platform. It is speculated that the countries may discuss the origin of Covid-19 and the lab leak theory.

 

 

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