G8 Group is an international association consisting of eight developed countries of the world. These eight countries; Canada, USA, United Kingdom, Japan, Germany, Italy, France, Russia and they constitute about 65 percent of the world economy. In the first place, the G8 Group was formed with the inclusion of Canada and Russia, respectively, in the group formed by the merger of 6 countries. You can find what you wonder about the Group of Eight, what is G8 what is G8’s purpose G8 countries 2021, G8 Group Latest Developments, etc in the rest of the article.
What is G8 What is G8’s Purpose G8 Countries 2021!
G8 Group is an association formed by the coming together of eight developed countries of the world. The formation of this union, which guided the world economy, started with the oil crisis in 1973. The oil crisis and the stagnating economy after it brought together 6 developed countries of the world. The G8 Group was formed with the participation of Canada and Russia in these six countries. You can browse here for G7 Countries 2021 What is the G7′ Purpose?
G8 Member Countries Purpose and Activities
The six countries where the G8 Group originated are Germany, the United States of America, Italy, France, the United Kingdom and Japan. Canada in 1976 and Russia in 1997 joined the group and the G8 Group was formed. In addition, the European Union is represented by the European Commission within the G8 group. G8 member countries represent approximately 65 percent of the world economy.
The G8 Group is represented by the presidents of the member countries. This group gathers every year, hosted by one member country. The agenda of the meeting is determined by the member country. The G8 community is referred to as an informal community. Global issues such as health, economic, social, law enforcement, business, energy, environment, terrorism, justice, trade, foreign relations, etc. are discussed at the G8 Group meetings. G8 countries make up about 14 percent of the world’s population. Despite this, they constitute 2/3 of the gross domestic product, that is, the economic productivity of the world.
G8 Group Latest Developments
G8 member countries removed Russia from the group and continues to work as the G7 Group. Russia was removed from the group due to Russia’s annexation of Crimea in 2014. So Russia joined the G8 in 1998 and left after 16 years.
For details: https://en.wikipedia.org/wiki/Group_of_Eight