G20 developing nations
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G21
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| Headquarters |  Cancún, Mexico |
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| Type | Trade bloc | |||
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| Establishment | 20 August 2003 | |||
The G20, also known as the Group of 20 (and, occasionally, the G21, G23 or;;] G20+) is a bloc of developing nations established on 20 August 2003. Distinct and separate from the G-20 major economies, 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.[1]
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, on June 6, 2003. [2][3] 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".
Nonetheless, the "official" appearance of the G20 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 G20 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.
References
External links
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- 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 at dissertation.com (Universal Publishers).
