South-South Cooperation in the News

12th BASIC Ministerial Meeting on Climate Change: Final Communiqué

The 12th BASIC Ministerial Meeting on Climate Change was held in Brasília on the 20th and 21st of September, 2012. H.E. Mr. Antonio de Aguiar Patriota, Minister of External Relations of Brazil, H.E. Ms. Izabella Teixeira, Minister for the Environment of Brazil, H.E. Mr. Xie Zhenhua, Vice Chairman of the National Development and Reform Commission of China, HE Ms. Edna Molewa, Minister of Water and Environmental Affairs of South Africa, and H.E Bellur Shamarao Prakash, Ambassador of India to Brazil, participated in the meeting. Invitations to the event were extended, in line with the “BASIC-Plus” approach.

Barbados was represented by Ms. Maxine McClean, Minister of Foreign Affairs and Foreign Trade; Algeria, Chair of the Group of 77 and China, by Ambassador Mourad Benmehidi, Permanent Representative of Algeria to the United Nations; Qatar, incoming President of COP-18/CMP-8, by Mr. Rashid Ahmad Al-Kuwari, Assistant General Secretary for Environmental Affairs of the Ministry of the Environment; and Argentina by Minister María Fabiana Loguzzo, Director for Environmental Issues of the Ministry of Foreign Relations and Worship.

Read more ...

Algeria: Diversifying economic ties with Brazil, Russia, India and China

With export demand slowing in European markets, Algeria is expanding its trade relationships with a number of emerging economies, including Brazil, Russia, India and China (BRIC), Global Arab Network reports. The North African country has been moving to increasingly diversify its economy, both in terms of output and trade, and with demand – particularly for commodities – still strong in emerging markets despite more modest growth revisions, the prospects for increased trade revenues is encouraging.

Exports to Asia reached $2.03bn in the first quarter of 2012, almost double the level recorded in the same period in 2011, according to the Ministry of Finance. Asia accounted for one-tenth of all Algerian exports in early 2012, making it the third-largest regional export market.

Read more ...

Brics development bank to have $50b initial corpus

New Delhi: Brazil, Russia, India, China and South Africa (Brics) propose to set up a development bank with $50 billion in initial corpus and equity holding. All five member-countries of the Brics group of developing countries propose to contribute $10 billion each toward this bank. The bank will mobilise resources for infrastructure and sustainable development projects. After five years of its operation, the member-countries will consider putting in another $10 billion each toward expanding the bank.

The initial $50 billion will be leveraged to get additional funding for onward lending to projects in the member-countries. A roadmap for the development bank will be finalised in three months. Apart from financing social sector projects, the bank will focus on development of roads, ports, airports, railways and rural infrastructure.

Read more ...

South-South Exchange of Know-How is Essential for Africa's Economic Future, Says AfDB President

South-South investment and exchange of know-how are key sources of growth and prosperity in Africa - and Huajian Group of China's experience in Ethiopia is really edifying. That was the message the President of the African Development Bank Group, Donald Kaberuka, gave in his address at the opening of a high-level seminar on September 7 in Tunis.

The central questions at the seminar were: "What lessons can the African Development Bank learn from China's cooperation ties with Africa in general, and Huajian Group of China in particular, to sustainably boost investment in the continent? What has Ethiopia done differently to be able to attract one of the largest shoe manufacturers in China to successfully transfer technology and create jobs in the country?"

Read more ...

The Global Economic Power-structure - Toward a BRICS+6

Much is being and has been written about BRICS. South Africa’s role in this grouping has come under increasing scrutiny as it prepares to host BRICS next year. What gives? BRICS clearly reflects the rise of emerging economic powers in the global west-to-east shift in economic momentum. It might well be considered the poster child of this tectonic shift.

The eclipsing of the G8 by the G20 has served to underline the significance of BRICS as it became ever more obvious after the 2008 financial collapse that the global economic ‘directorate’ had to be expanded. Not only did BRICS address this imperative, it is accompanied by other dynamic non-western economies: Argentina, Indonesia, Mexico, Saudi Arabia, South Korea, and Turkey. So, in context, what we are really looking at in terms of the new global economic governance power-structure is BRICS+6.

Read more ...

About The Project

Funded by the Open Society Foundation for South Africa (OSF-SA), the project focuses on the changing dynamics and implications of South- South cooperation, in the context of South Africa's avowed commitment to this cause in its international relations. The need to understand the complexities of South-South dynamics and their implications for foreign policy is particularly urgent for South Africa, which, while working to advance South-South multilateralism, must also contend with the corresponding need to remain true to other universal values underpinning its foreign policy as well as guarantee the specific interests of its immediate environment, that is, the African continent.

Key Themes

In recent times, South-South cooperation has received renewed attention, inspired mainly by the emergence of new southern clubs such as IBSA, BRICS and CELAC. This trend reflects a growing push by developing countries to respond to current global challenges in a coherent and concerted manner.

 

Aims and Objectives of The Project

The aim of the project is therefore to contribute, through critical research and dialogue, towards a nuanced understanding of contemporary South-South cooperation. In particular, it seeks to appreciate the basis on which countries in the South cooperate or compete with one another, and the implication of these dynamics for South Africa's policy.

 

Twitter
 
Contact details
Address:   3rd Floor Robert Sobukwe Building
263 Nana Sita Street
Pretoria
South Africa

PO Box 14349
The Tramshed
0126
    E-mail:    info@igd.org.zaThis e-mail address is being protected from spambots. You need JavaScript enabled to view it This e-mail address is being protected from spambots. You need JavaScript enabled to view it.
      Telephone:   +2712 337 6082
      Fax:   +2786 212 9442
 
Follow us on Facebook Follow us on Twitter Follow us on Linkedin Follow our RSS feeds