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Additional steps are continuously being taken through the General Agreement on Tariffs and Trade or GATT or now referred to as WTO World Trade Organization since 1995, to reduce trade barriers to imports from non-members.
AABF (established in 1999) Africa-Asia Business Forum members consisting of Ivory Coast, Ghana, Mozambique, Senegal, Tanzania, Uganda and Zimbabwe.
Implemented by United Nations Industrial Develop Organization is centered to encourage Asian and Africa within the framework of South-South cooperation. (The African Continent with a population of 700 millions, contributes to 2% of total global Trade.)
ASEM Asia-Europe Meeting (established in 1996) the largest forum of world leaders attended by 3,000 head of state, cabinet ministers for dialogue and cooperation in Politics, economy and culture between 26 nations with a combined gross national product of over 50% of the global economy.
ASEM Members are the 15 EU (European Union countries). The European commission as well as Brunei, China, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Thailand and Vietnam. Today, the world economy is driven by three equally powerful engines: North America, Western Europe and East Asia.
ASEM in March 1996, the sixteen leaders of the European Union met the ten leaders of East Asia in Bangkok.
At this historic ASEM summit, the leaders from the two continents agreed to begin a comprehensive engagement with each other to build a new Euro-Asia House.
British Commonwealth for many years, members of former British colonies, a 54 nation club of English speaking countries with strong links to Britain have given tariff preferences to one another. Members of the club usually hold a biennial meeting on trade issue called CHOGM (Commonwealth Heads of Government Meeting).
Commonwealth Heads of Governments Meet (CHOGM) which opens here tomorrow, a bit of an anachronism -- a gathering of 54 countries --Commonwealth Heads of Government Meeting (CHOGM) is held every two years to discuss world political, economic and social issues.
The Commonwealth is a voluntary association of 54 diverse, independent states, consulting through a largely informal network of governmental and non-governmental links.
Today, while half the members are small states with populations under one million people, member states represent nearly one quarter of the world's population and one third of the membership of the United Nations.
COMESA Common Market for Eastern and Southern Africa (an economic alliance of southern and eastern African countries), exists as an organization of free independent sovereign states which have agreed to cooperate in developing their natural and human resources for the good of all their people.
With its 21 member
states and population of 385 millions, it forms a major integrated trading block.
East African Countries Economic Bloc led by Egypt and consisting of East Africa; Egypt, Eritrea, Ethiopia, Kenya, Sudan, Tanzania and Uganda. Potential countries such as Addis Ababa, Khartoum and Asmara may join in at a later date.
G15 Group established in during the non-aligned movement summit in Belgrade in 1989. The G-15, a forum which promotes South-South co-operation, initially comprised a group of 15 countries but has now include more nations.
Current members are: Algeria,
Argentina, Brazil, Chile, Colombia, Egypt, India, Indonesia, Iran, Jamaica,
Kenya, Malaysia, Mexico, Nigeria, Peru, Senegal, Sri Lanka, Venezuela and
G7 Economic power group - now know as G8 after including Russia. This elite group of 8 with an annual summit ministers meeting consist of USA, UK, Japan, France, Germany, Italy, Canada and Russia.
G-77 a 133 members grouping was established on 15 June 1964 by seventy-seven developing countries, signatories of the "Joint Declaration of the Seventy-Seven Countries," issued at the end of the first session of the United Nations Conference on Trade and Development (UNCTAD) in Geneva.
The G-77 group -- has become the largest Third World coalition in the United Nations -- provides the means for the developing world to articulate and promote its collective economic interests and enhance its joint negotiating capacity on all major international economic issues in the United Nations system, and promote economic and technical cooperation among developing countries (ECDC/TCDC) More information at: http://www.g77.org
D8 -- The group of Developing eight countries (D8) Egypt, Turkey, Indonesia, Malaysia, Pakistan, Bangladesh, Iran, and Nigeria established on 1998 with annual "heads of state" summit. Its members are also in the "Organization of Islamic conference". Unlike many other third world grouping, the D8 focuses on initiating projects to be implemented by private sector.
IOR-ARC (Indian Ocean Rim Association for Regional Co-operation) consisting of "Seven countries" originally. the 19 members in the regional grouping is based on geographical location of more than 2 billion inhabitants, which is considered a huge trade market.
IOR-ARC was established in Mauritius in March 1995 at the inaugural meeting held in Delhi in December 1995 and among its objectives is to promote sustainable growth and development of its member countries and accelerating trade within the Indian Ocean region.
IOR-ARC membership includes Australia, Egypt, India, Indonesia, Kenya, Madagascar, Malaysia, Mauritius, Mozambique, Oman, Singapore, South Africa, Sri Lanka, Tanzania, Pakistan and Yemen.
More info at http://ncb.intnet.mu/medrc/ior.html www.IORNET.com and www.financialexpress.com/fe/daily/19980830/24255034.html
MERCOSUR a tariff union. South America's largest trade block covering a market of 575 million people, comprises: Argentina, Brazil, Uruguay and Paraguay, as well as associated members Bolivia and Chile.
MERCOSUR was created by the Treaty of Asunción signed by Argentina, Brazil, Paraguay and Uruguay on March 26, 1991. Chile and Bolivia became associate members in 1996 and 1997 respectively. With a population of 220 million and a GDP of US$ 1.3 trillion in 1997,
MERCOSUR is the fastest growing trading bloc in the world. It experienced a trade growth of 400% in the period 1990-97. More information at http://www.mercosur.org/english/
Mercosur Argentina, Brazil, Paraguay, and Uruguay in 1995 united to form Mercosur, a customs union bringing together 200 million people with a combined annual gross domestic product (GDP) of more than US$900 billion. www.idrc.ca/lacro/investigacion/mercosur.html that has a lot of Mercosur research data, and useful for anyone who wants to establish trading relationships in these countries.
South Coordinating Commission "SCC" proposed to be established on Jan 1st. 2001SCC Conceived as a permanent body that will coordinate developing countries position with regards to world trade and financial issues.
SCC will replace the existing "South Center" in Geneva, Switzerland -- which will be endorsed by the 133 members of G-77 Millennium Summit in New York on September 2000.
Once endorsed by the G-77 leaders, the "South" is expected to have a more coordinated stand on issues, especially those which required negotiations with the "North".
The setting up of SCC was mooted at the G-77 summit in Havana in April 2000. The G-77 leaders were concerned about how divided developing countries had been in several crucial issues concerning international trade and finance.
Commonwealth of Australia - Six Australian
colonies joined to form the commonwealth of Australia.
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