The G7 Summit is an annual international forum where the leaders of the Group of Seven (G7) member states—Canada, France, Germany, Italy, Japan, the United Kingdom, the United States—and the European Union meet to discuss and coordinate responses to key global challenges. The group represents around 10% of the world’s population but generates about 45% of the global GDP, making it a significant economic and political forum. The summit provides a platform for candid dialogue on important issues such as the global economy, regional affairs, peace and security, climate change, development, and human rights. It is characterized by its informal nature and shared values of democracy, freedom, and respect for human rights, allowing leaders to engage in frank discussions and seek common solutions. The G7 originated in the 1970s as a response to economic crises like the Nixon shock and the oil crisis, beginning with six countries and expanding to include Canada and the EU. Russia was once a member but was excluded in 2014 due to geopolitical conflicts. The presidency of the G7 rotates annually among member countries, and the host country sets the summit's agenda. Over the years, the G7 has played a role in coordinating economic policies, international development aid, and global initiatives such as combating AIDS, climate agreements, and responding to geopolitical crises. Overall, the G7 Summit is a key venue for the world's major advanced economies to coordinate policies and address pressing global issues in a cooperative and strategic manner. It remains influential despite criticisms regarding its limited membership and representation.