In-Person G7 Summit Cancelled; To be held through Video-Conferencing
The US President Donald Trump has cancelled an in-person G7 Summit and is to conduct the summit through video conferencing. This is being done due to the increasing threat of Corona Virus.
What is G7?
The G7 organization is made up of the largest economies of the world namely France, Canada, US, UK, Italy, Japan and Germany. They contribute to 45% of world’s GDP. Hence, decisions taken at G7 is highly essential and has great impacts over the global trade.
Why is China not a member?
The G7 Groupings believe that though China is the second largest economy in the world, it relatively has low level of wealth per head population. This means that China is not an advanced economy according to the G7 members.
Criticisms faced by G7
Recently, G7 has faced several disagreements after President Trump initiated clashes with the other members over actions on climate change and imports at 2019 summit in Canada.
Category: International Current Affairs