G7

G7 or G-7 or Group of Seven was the meeting of the finance ministers from the group of seven industrialized nations of the world, formed in 1976 when Canada joined the Group of Six (France, Germany, Italy, Japan, United Kingdom, United States of America).It is not to be confused with the G8 which is when the heads of state of the aforementioned nations plus Russia meet annually. That meeting is generally considered more important than the G7.The G-7 consists of the United States, Japan, Germany, France, Britain, Italy and Canada. The leaders of these countries meet annually to discuss political and economic issues of mutual concern, these meeting have been supplanted by the G8. In addition, G-7 finance ministers meet several times a year to discuss economic policy, to which Russia is not a party. Their work is supported by regular, functional meetings of officials, including the G-7 Finance Deputies.
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= G7 (Group of Seven).
Ex: The principles under which the G7 (Group of Seven) leading industrialized countries have agreed to collaborate on constructing a Global Information Infrastructure (GII) are presented.