50 Years Of Summits: Can G7 Countries Play Role In Ensuring Global Stability?

50 years of summits: Can G7 countries play role in ensuring global stability?

By AP News

A landmark sign of the G7 2025 logo is seen on the lawn outside the Banff media center ahead of the Group of Seven (G7) Summit in Kananaskis, Alberta, Canada on June 10th.

THE Group of Seven advanced countries, which share values such as democracy and the rule of law, have taken the lead in shaping the international order. Disarray among the G7 countries could destabilise the world further.

It is important to end the aggression and fighting that is spreading around the world. To that end, the G7 members must first unite.

A G7 summit is scheduled to be held in Kananaskis, western Canada, from Sunday to Tuesday. This year, the group will mark 50 years since its first summit, at which the leaders of six countries — Japan, the United States and European nations — met in 1975. Canada was not included at that time.

Initially, the agenda was how to deal with economic crises, such as the oil shock and currency issues. At Japan’s suggestion, the G7 countries decided to hold a summit every year, and topics have widened from economic issues to also include politics and security.

Fifty years ago, the member countries collectively accounted for 60pc of the global gross domestic product, but with the rise of China and other countries, the figure currently stands at 40pc. After the collapse of Lehman Brothers, the Group of 20 major economies began to play an active role. Many people have noted the decline in the G7’s presence.

However, the G20, which includes China, Russia and India as members, often faces conflicting national interests, so it is an insufficient framework for resolving issues. With the UN Security Council also falling into disarray, the G7 must play a role in restoring world peace and stability.

A source of concern is the presence of US President Donald Trump, who will be returning to the G7 summits. At one point, Trump leaned towards Russia, which has continued its aggression against Ukraine. He was involved in ceasefire talks, but his attempt did not go as intended. Recently, he has begun to distance himself from the issue.

European and other countries have condemned Israel’s attacks that have caused many casualties in the Palestinian territory of the Gaza Strip, but the United States has continued to provide military support to Israel. In addition, Israel would not have been able to conduct airstrikes on Iran if the Trump administration had opposed them.

Although a rift has widened between the United States and European and other countries, it is unlikely to be possible to resolve various conflicts without the involvement of the United States, which has overwhelming military power. Washington’s high tariff policy is also causing discord within the G7.

Canada, which currently holds the G7 presidency, reportedly intends to forgo issuing a leaders’ joint statement, which typically summarises the outcomes of the summit, and instead plans to compile separate documents of agreement on individual issues such as the economy and security. This approach appears to be aimed at allowing the G7 countries to reach agreements as much as possible by seeking common ground with the United States on individual issues such as the oil shock and currency issues of the country.