G8

G8 in Global Commerce Policy

In this regard, g8 is: comprises Canada, France, Germany, Italy, Japan, Russia, the United Kingdom and the United States. The European Commission also participates. The group originated at a meeting of France, Germany, Italy, Japan, the United Kingdom and the United States in 1975 at Rambouillet. Canada joined in 1976 and the European Commision in 1977. The group then was known as the G7. Russia became a full member in 1998. The G8 attempts to set broad directions for international economic and monetary activity. The entries on trade policy are here. Its members participate annually in an economic summit which often deals with trade policy matters. The first decade of the economic summits probably was also their heyday. The entries on trade policy in the Encyclopedia are here. On the whole, however, the economic summits have fallen victim to the competition from other meetings which have a more permanent infrastructure. For example, the improved functioning of the United Nations system since the end of the Cold War has given it new standing for the discussion of issues requiring common action. The entries on trade policy are here. Additionally, many of the most intractable global trade issues involve the European Community, the United States and Japan as interested parties. Finding solutions to these problems is difficult no matter what forum is chosen. See also Digital Opportunity Taskforce and Okinawa Charter on Global Information Society.[1]

G8in the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “G8” entry (OAS)

See Also