LONDON, Dec. 2 (Xinhuanet) -- Finance ministers and central bank governors from the Group of Seven (G7) industrialized countries met on Friday to discuss world trade issues.

    The two-day conference, hosted by British Chancellor of the Exchequer Gordon Brown, will mainly focus on development issues and economic aspects of trade in the run-up to the World Trade Organization ministerial meeting to be held in Hong Kong between December 13 and 18.

    Finance ministers of China, India, Brazil will attend on the sidelines of the G7 meeting.

    It is the last meeting of the G7 finance ministers in 2005. The G7 generally holds four meetings each year, but it has added a fifth one this year to bid farewell to the outgoing 79-year-old US Federal Reserve Chairman Alan Greenspan, who will be succeeded by top White House economist Ben Bernanke, 51.

    Greenspan will deliver a speech on Friday at the Advancing Enterprise Conference, an event running alongside the G7 meeting which is set to be attended by chief executives and chairmen from leading British companies, including the supermarket group Tesco and HSBC bank.

    The Advancing Enterprise Conference will cover issues of the city and financial markets, innovation and creativity, entrepreneurial culture, education, trade and openness.

    The G7 comprises Britain, Canada, France, Germany, Italy, Japan, and the United States. Enditem