The Group of Seven (G7) is an intergovernmental organization consisting of seven major advanced economies: Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. Established in the 1970s, the G7 meets annually to discuss and coordinate economic policy, address global challenges, and promote international cooperation. The G7 does not have a permanent secretariat or headquarters, and its decisions are non-binding. The group focuses on various issues, including trade, climate change, and security, aiming to foster stability and prosperity in the global economy.