G20 developing nations
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The G20 (Group of 20, also variously G21, G22 and G20+) is a bloc of developing nations established on 20 August 2003. The group emerged at the 5th Ministerial WTO conference, held in Cancún, Mexico from 10 September to 14 September 2003. The G-20 accounts for 60% of the world's population, 70% of its farmers and 26% of world’s agricultural exports [2].
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[edit] History
Its origins date back to June 2003, when foreign ministers from Brazil, India and South Africa signed a declaration known as the Brasilia Declaration[1][2], in which they stated that “major trading partners are still moved by protectionist concerns in their countries’ less competitive sectors [...] and emphasized how important it is that the results of the current round of trade negotiations provide especially for the reversal of protectionist policies and trade-distorting practices [...] Furthermore, Brazil, India and South Africa decided to articulate their initiatives of trade liberalization”.
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Currently, the group consists of 23 nations:
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Nonetheless, the “official” appearance of the G-20 occurred as a response to a text released on 13 August 2003 by the European Communities (EC) and the United States with a common proposal on agriculture for the Cancún Ministerial. On 20 August 2003 a document signed by twenty countries and re-issued as a Cancún Ministerial document on 4 September proposed an alternative framework to that of the EC and the United States on agriculture for the Cancún Meeting. This document marked the establishment of the G-20. The original group of signatories of the 20 August 2003 document went through many changes, being known as such different names as the G-21 or the G-22. The title G-20 was finally chosen, in honor of the date of the group's establishment.
Since its creation, the group has had a fluctuating membership. Previous members have included: Colombia, Costa Rica, Ecuador, El Salvador, Peru, and Turkey. As of October 2008, the group had 23 members.
The core leadership of the G-20, known as the G4 bloc, consists of Brazil, China, India, and South Africa.
[edit] See also
- BRIC
- List of countries by GDP (nominal), (per capita)
- List of countries by GDP (real) growth rate
- Next Eleven
[edit] References
- ^ Brasilia Declaration June 6, 2003 by Ministers of Brazil, South Africa and India (also [1])
- ^ IBSA - trilateral, developmental initiative between India, Brazil and South Africa
[edit] Sources
- Botelho, Marcio (2005). The G - 20: Aims and Perspectives of a New Trade Alliance [3]. Universal Publishers. ISBN 1-58112-300-0. [4] Excerpt
[edit] External links
- G20 homepage
- G20 press release on 19th of March, 2005 — includes the group's logo
- G20, the developing country coalition in Focus on Trade 98, April 2004
- The G - 20: Aims and Perspectives of a New Trade Alliance
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