31 May 2016 Current Affairs: The 42nd G7 Summit was held at Ise-Shima in Japan for 2-days from 26 May to 27 May 2016. During the summit, the member countries discussed a wide range of major global economic and political challenges and approved the G7 Ise-Shima Leaders’ Declaration.
The summit assumed significance as it was the first one to be held after the adoption of the 2030 Sustainable Development Agenda by the United Nations in September 2015.
During the summit, global economy and trade, climate change and energy, development, health and quality infrastructure investment were discussed by the leaders.
The Summit was attended by all the seven members’ viz., Canada, France, Germany, Italy, Japan, the United Kingdom and the United States and the European Commission (EC). EC is a permanently welcome participant in all meetings and decision-making since 1981.
The 43rd G7 Summit wiil be held on Italy and also 44th G7 Summit wiil be held on Canada.