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GENEVA - The group of developing countries known as G22, or G20 plus, which united in Cancun, Mexico, to oppose continuing farm subsidies in the United States and the European Union, is preparing to continue World Trade Organization (WTO) negotiations despite the debacle of the ministerial conference last month in Cancun.
The G22 (Group of 22) held meetings on Thursday in Geneva to assess the situation after the thwarted outcome of the Fifth WTO Ministerial Conference three weeks ago in the Mexican Caribbean resort. The first discussion involved the core countries of the G22: Argentina, Brazil, China, India and South Africa. Later, the full membership gathered at the WTO headquarters to hammer out strategy.
...A month prior to Cancun, the two trade powers had presented an initiative in which they said they would cede some of those measures and open their markets to agricultural products from developing countries. But the developing world's leaders argued that the initiative did not go far enough, and set to creating their own bloc for negotiating farm trade issues.
The current members of the G22 are Argentina, Bolivia, Brazil, Chile, China, Colombia, Costa Rica, Cuba, Ecuador, Egypt, Guatemala, India, Indonesia, Mexico, Nigeria, Pakistan, Paraguay, Peru, Philippines, South Africa, Thailand and Venezuela.
More than 51 percent of the world's population and 63 percent of farmers live in the G22 countries, which produce more than a fifth of global agricultural output and more than a quarter of farm exports. http://www.atimes.com/atimes/Global_Economy/EJ04Dj01.html<
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Members of the G-22 pose for the family picture in Buenos Aires. Fifteen of the 22 countries which formed the group in Cancun have sent delegates to the meeting.(AFP/Ali Burafi)