ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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International Trade: G-20 Consolidation

G-20 Consolidation After tasting a measure of success in Geneva in July 2004, during negotiations to arrive at a framework to revive a failing Doha trade round, the G-20 meet in New Delhi was intended to send out a message about the unity and strength of the alliance. The G-20 group of developing countries was formed on the eve of the Cancun WTO ministerial in August 2003 that reviewed the Doha round of trade negotiations and was a coalition exclusively for talks on agriculture. An alliance of countries with apparently conflicting interests comprising farm-exporting economies like Brazil and South Africa and others such as India whose concerns lie more with protecting domestic markets, it was formed to counter the EU and the US who had hoped at Cancun to perpetuate the regime of large farm subsidies and discriminatory tariffs. Cancun was a failure in terms of taking the Doha round forward, but it was a success in demonstrating that an interest-based coalition of developing countries could prevent the EU and US from always having their say at the WTO.

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