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Wednesday, June 19, 2013

G 8 Summit at the Lough Erne Golf Resort in Enniskillen, Northern Ireland

The 39th G8 summit was held on 17–18 June 2013 at the Lough Erne Resort, a five-star hotel and Golf Resort on the shore of Lough Erne in County Fermanagh,Northern Ireland

 It was the sixth G8 summit to be held in the UK.The earlier G8 summits hosted by the United Kingdom were held at London (1977, 1984, 1991),Birmingham (1998) and Gleneagles(2005).

The official theme of the summit was tax evasion and transparency .However, the Syrian Civil War dominated the discussions. A 7-point plan on Syria was agreed to after much debate. Other agreements included a way to automate the sharing of tax information, new rules for mining companies, and a pledge to end payments for kidnap victim releases. The United States and the European Union agreed to begin talks towards a broad trade agreement.
 G-8 leaders from left, European Commission President Jose Manuel Barroso, Japan's Prime Minister Shinzo Abe, British Prime Minister David Cameron, U.S. President Barack Obama and French President Francois Hollande walk prior to a group photo during the G-8 summit at the Lough Erne golf resort in Enniskillen, Northern Ireland
About G8
The Group of Eight (G8) is a forum for the governments of eight of the world's eleven largest national economies(excluding Brazil at 6th, India at 9th and China at 2nd) -
  • France
  • Germany
  • Italy
  • Japan
  • UK 
  • USA 
  • Canada
  • Russia

The forum originated with a 1975 summit hosted by France that brought together representatives of six governments: France, the Federal Republic of Germany,Italy,Japan ,UK and USA thus leading to the name Group of Six or G6

The summit became known as the Group of Seven or G7 the following year in 1976 with the addition of Canada 

In 1997,Russia was added to the group which then became known as the G8 

Collectively, the G8 nations comprise 50.1% of 2012 Global Nominal GDP and 40.9% of Global GDP(PPP) 

Each calendar year, the responsibility of hosting the G8 rotates through the member states in the following order: France, United States, United Kingdom, Russia, Germany, Japan, Italy, and Canada

The holder of the Presidency sets the agenda, hosts the summit for that year, and determines which ministerial meetings will take place. 

Lately, both France and the United Kingdom have expressed a desire to expand the group to include five developing countries, referred to as the Outreach Five (O5) or the Plus Five -
  • Brazil (6th country in the world by GDP
  • People's Republic of China (2nd country in the world by GDP
  • India (9th country in the world by GDP
  • Mexico and
  • South Africa 
These countries have participated as guests in previous meetings, which are sometimes called G8+5 


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