
The G8 Summit is an annual meeting of eight major advanced economies: Canada, France, Germany, Italy, Japan, Russia, the United Kingdom, and the United States. This summit focuses on global economic governance, international security, and development, with a significant emphasis on shaping trade policies and agreements among member nations. Leaders discuss trade barriers, promote free trade, and address economic challenges, often resulting in agreements that influence global trade practices and standards. Key initiatives, such as support for the Doha Development Round, aim to enhance trade opportunities for developing countries. The collective economic power of the G8 represents a substantial portion of global GDP, making its discussions on international trade dynamics impactful. What is the G8 Summit and its significance in international trade? The G8 Summit is an annual meeting of…