Highlights of G7 Summit 2024 - 50th G7 Summit

G7 Summit - An Overview

The G7 Summit is a yearly meeting of the Group of Seven (G7), which includes Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. The first G7 Summit was held in 1975 in Rambouillet, France.

The initial concept of the G7 began with informal meetings between the finance ministers of the United States, the United Kingdom, West Germany, Japan, and France. These discussions were aimed at addressing global economic issues.

The first formal summit took place in Rambouillet, France, with the participation of six countries (Italy joined this meeting). The group was known as the G6. In 1976, Canada was invited to join, transforming the G6 into the G7.

The 50th G7 Summit, known as the G7 Summit 2024, took place in Borgo Egnazia, Italy. The aim of these meetings is to discuss and address global economic challenges.

The G7 Summit 2024 focused on artificial intelligence safety and economic security. The slogan for this summit was "A New Direction," symbolizing forward-looking solutions.

Guess, you have a brief overview about the significance of the G7 Summit! Come dive into key highlights of G7 Summit 2024!

G7 Summit 2024 - Highlights

So, who will be attending the G7 Summit 2024?

The G7 Summit 2024 has already been put-start to and is currently ongoing. The G7 meeting will be attended by the leaders representing each of G7 members:

• Canada: Prime Minister Justin Trudeau

• France: President Emmanuel Macron

• Germany: Chancellor Olaf Scholz

• Italy: Prime Minister Giorgia Meloni (host)

• Japan: Prime Minister Fumio Kishida

• United Kingdom: Prime Minister Rishi Sunak

• United States: President Joe Biden

• European Union: President of European Commission, Ursula von der Leyen & the President of European Council, Charles Michel.

Apart from the Group of Seven(G7), several other outside guests are also invited to the summit. The guest participants of the G7 Summit 2024 are the King of Jordan, Leaders of Ukraine, India, Brazil, Argentina, Turkey, the United Arab Emirates, Kenya, Algeria, Tunisia, and finally Mauritania(Preidency of African Union).

G7 Summit 2024 Live Update

Moving onto the key G7 Summit 2024 highlights, the Prime Minister of Italy and the host of G7 Italia 2024, Giorgia Meloni addressed that this year's G7 plays a key role in embracing the need for defending freedom and democracy & thereby managing the global challenges.

G7 Summit 2024 - Day 1

As the G7 Summit 2024 kick-starts in Italy, Melonia welcomes all the leaders as the first day of the summit ends. Several major economical affairs were addressed by each leaders of the G7 Members, who visited the venue at Borgo Egnazia.

The Presidents of US & Ukraine, Joe Biden, and Volodymyr Zelenskiy were at a press meeting addressing about them signing the contract of bilateral security agreement for 10 years at the G7 Summit. As per the agreement, the US has agreed to offer arms and defense for Ukraine at need. The G7 has also agreed to offer a loan amount of 50 billion dollar and it will be distributed at the end of the year.

In the text of G7 Summit's final declaration, the lack of reference to abortion, France's President, Emmanuel Macron, has expressed his sorrows in doing so, as France does not shares the same sensitivities as Italy's, regarding abortion. Putting forward Women's Rights to Abortion and the Freedom to decide on one's own body to his constitution, though he regrets it, he respects the choice of his people.

Putting an end to the first day of the G7 Summit 2024, the key highlights included the Gaza Strip and Ukraine, where a final decision has been made on offering Ukraine the security agreement with the US as well as offering them $50 Billion from frozen Russian assets.

G7 Summit 2024 - Day 2

Narendar Modi, Prime Minister of India have arrived at Italy for attending the G7 meeting. Putting an end to 2024 General Election in India, he have seated for the 3rd time as PM, along with the new Council of Cabinet Ministers 2024.

A flag-hosting ceremony has been held, where every G7 leader is being arrived at Borgo Egnazia Golf Club Sab Domenico, Italy.

Pope Francis will be first pop to ever attend a G7 Summit. And have been also arrived at the summit venue. He will be the first pontiff to address a G7 venue.

As per the latest report, PM Modi to address the India-Italy Partnership. This will be India's 11th participation at the G7 Summit.

As day 2 of the G7 Summit 2024 kick-starts, the leaders to address the issues regarding migration. The solution for combat human trafficking and investment boost in the countries of the origin of the migrants.

Next on the agenda of the G7 Summit, directing tension towards China, and addressing China's support of Russia's military aggression.

As per the schedule, the session on migration and Indo-Pacific as well as economic security is on the agenda for G7 Summit for PM Modi's meeting.

PM Modi had a meet-up with Emmanuel Macron, the President of France on the sidelines of the G7 Summit, further, he met the British PM, Rishi Sunak.

PM Modi had a meet-up with other G7 leaders including, the Ukraine President, Volodymyr Zelenskyy, and had a further talk with the UK counterpart, Rishi Sunak, discussing India-UK ties.

The G7 leaders are pledging to shift from fossil fuel. They are having a discussion about transiting from fossil fuel in the energy system, achieving net-zero by 2025 in keeping up with the use of the best available science.

Discussion about protecting economic security, by adding steps to level playing field with China.

Meeting with the President of Ukraine, Zelenskyy, PM Modi discusses the situation in Ukraine and says, they would encourage a peaceful resolution.

G7 leaders are launching initiative for global food security, breaking the structural barrier to food security and nutrition, majorly focusing on the low-income countries.

PM Modi meets Italy's PM Giorgia Meloni, exchanging greetings in the name of "Namasthe".

The issue of migration is discussed in the 2nd day of G7 Summit 2024. The summit also addressed about the financial aid for Ukraine and the Gaza conflict.

G7 Summit 2024 - Day 3

PM Modi to participate in the G7 Outreach session on AI, energy, Africa, and the Mediterranean.

President Luiz Inacio Lula da Silva addressed Brazil's plan to impose a worldwide tax on the extremely wealthy.

During the G7 Outreach session, PM Modi has announced that India is among the few countries to formulate a national strategy in AI.

PM Modi addressed India's approach in field of energy on the basis of 4 principles that include, availability, accessibility, affordability, and acceptability. He also talked about the "Green Era" and about the recently concluded Lok Sabha Election.

PM Modin holds a bilateral meeting with Italian PM Meloni and has held a higher political dialogue addressing the India-Italy strategic partnership.

PM Modi had a discussion about the Mumbai-Ahmedabad high-speed rail project with Japan's Kishida on the sidelines of the G7 Summit.

The ban for lethal autonomous weapons was called out by Pope Francis during the G7 meeting.

PM Modi returns to Delhi after attending the G7 Summit at Italy.

For further live updates and the latest news regarding the G7 Summit 2024, check out the space!