The London G20 Summit is an opportunity to tackle urgent issues related to the impact of the global crisis on international trade and the multilateral trade system. On the trade front, the Summit should show that G20 countries are prepared to avoid protectionist measures and practices, and that they will continue working together to strengthen the WTO system. But at the same time, it is important for G20 participants at the Summit to recognize that effective cooperation on trade-related issues can only be achieved through the collective capacity and mobilization of as many countries as possible. As is true for the EU members of the G20, it should be assumed that other participating emerging countries are, at least to some degree, expressing points of view that stem from consultations with non-participating developing countries from the same region. This would contribute to the international legitimacy of the G20 and strengthen its capacity to impact global realities.
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March 17, 2009 / aid, financial crisis, G20, trade, wto
Tags: developing countries, G-20, trade governance, wto
