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G-22 seeks to cement unity after WTO battle of Cancun
Buenos Aires, Oct 10: The G22 bloc of WTO countries will meet here today seeking to maintain their unity and momentum after ganging up on the developed countries and scuttling last month`s world trade talks.
Buenos Aires, Oct 10: The G22 bloc of WTO countries will meet here today seeking to maintain their unity and momentum after ganging up on the developed countries and scuttling last month's world trade talks.
But having rallied around a campaign to roll back farm subsidies that harm their exports, the club – which includes Argentina, Brazil, China, India, Indonesia, The Philippines and Thailand - has already lost one member. And more cracks in the group are appearing.
Foreign ministers and trade ministers from the bloc will assemble for the first time since the World Trade Organization's doomed talks in Cancun, Mexico last month.
Nearly all the G-22 members depend on the agriculture products that were at the heart of the WTO battle. And at the talks they opposed the farm subsidies given out by wealthy nations while pushing for greater market access for their own products. Now they are trying to decide whether to make the G22, or however many countries stay, into a formal structure.
Many believe the club has already carried out its mission with the shock it delivered to the United States and Europe at the Cancun talks.
Peru withdrew last week. Vice Foreign Trade Minister Alfredo Ferrero said, "The group dissolved itself once the Cancun summit finished." There has been press speculation that Colombia will also withdraw while Costa Rica, Guatemala and Ecuador will not have representatives in Buenos Aires even though they want to remain members. Bolivia and Cuba were uncertain.
Bureau Report
Foreign ministers and trade ministers from the bloc will assemble for the first time since the World Trade Organization's doomed talks in Cancun, Mexico last month.
Nearly all the G-22 members depend on the agriculture products that were at the heart of the WTO battle. And at the talks they opposed the farm subsidies given out by wealthy nations while pushing for greater market access for their own products. Now they are trying to decide whether to make the G22, or however many countries stay, into a formal structure.
Many believe the club has already carried out its mission with the shock it delivered to the United States and Europe at the Cancun talks.
Peru withdrew last week. Vice Foreign Trade Minister Alfredo Ferrero said, "The group dissolved itself once the Cancun summit finished." There has been press speculation that Colombia will also withdraw while Costa Rica, Guatemala and Ecuador will not have representatives in Buenos Aires even though they want to remain members. Bolivia and Cuba were uncertain.
Bureau Report