
The G8 Summit is an annual gathering of eight major advanced economies: Canada, France, Germany, Italy, Japan, Russia, the United Kingdom, and the United States. This summit plays a crucial role in shaping global economic policies, trade agreements, and international security discussions. The G8 Summit significantly influences global markets by facilitating international cooperation, reducing trade barriers, and promoting sustainable development within trade practices. Key outcomes include frameworks for future trade negotiations, an emphasis on transparency and fair competition, and initiatives addressing digital trade and e-commerce. Overall, the G8 Summit's decisions impact not only member countries but also encourage non-member nations to adopt similar trade practices, thereby shaping contemporary trade dynamics on a global scale. What is the G8 Summit and its significance in global economics? The G8 Summit is an…