G8 representative questioned G14 or will come into being

Source: Internet
Author: User
Keywords Eight countries we
Tags called for closed developed countries developing developing countries economic economy financial
The three-day summit of the Group of Eight (G8) was closed in L ' Aquila, Italy. G8 pledged to provide 20 billion of billions of dollars in agricultural investment to developing countries in the future, to increase food production and to complete the Doha round negotiations in 2010. But in the face of a severe global recession, G8 is not in a position to deal with the issue of reducing greenhouse gas emissions, G8 and emerging countries stand in serious opposition. The G8 summit has been difficult to represent the major economies of the world today and to make significant international decisions.  G8 acknowledged that the 14 summit of China, India, Brazil, Mexico, South Africa and Egypt (G6) was more representative, 14 countries represented 80% of the global economy and the future G8 summit was likely to be replaced by the G14 Summit.  First, G8 aid to poor countries food production will be a bad cheque. G8 summit leaders in Italy announced a 20 billion dollar investment to promote food production in poor countries, especially in Africa. Delegates said that the United States promised to provide 3 billion U.S. dollars, France intends to provide 2 billion U.S. dollars, the rest allocated to be determined. But the group seems to be on the catwalk, as the developed countries pledged to increase their development assistance to $25 billion trillion 2010 years ago, during the British Presidency of G8 in 2005. According to an annual report published last month by one of the leading anti-poverty NGOs, G8 only delivered one-third of its aid commitments by late last year, influenced by sluggish Italian and French action.    Italy, in particular, hosted the G8 Summit, which honoured only 3% of the 4 years of pledged aid.  Second, G8 commitment to complete the Doha round negotiations remain unknown. G8 Joint communiqué pointed out that G8 and G6 jointly pledged against trade protectionism, and in 2010 for the Doha round of negotiations to achieve a fruitful and balanced agreement. The Doha round began in 2001, when the WTO launched the round of multilateral trade negotiations aimed at boosting economic growth through the expansion of global trade and helping millions of people out of poverty. But for more than 7 years, negotiations have been deadlocked over the issue of agricultural subsidies and industrial market access. The talks were shelved last year as the US and India argued.  Experts here believe that, in a severe recession, the rise of protectionism in some countries, the Doha round to complete negotiations and reach an agreement will still be full of variables.  G8 and emerging countries wrestle with the issue of emission reduction. The G8 summit reached an agreement to reduce the 80% greenhouse gas emissions by 2050 years ago, and they hope to convince other countries on that basis to meet the global goal of reducing greenhouse gas emissions by 50%, G8 has not reached a medium-term target for reducing greenhouse gas emissions. Developing countries are reluctant to accept the goal of drastically reducing greenhouse gas emissions, given the failure of developed countries to commit to more financial aid. India has criticized G8 's new goals as too long and accuses them of escaping the responsibility of 2020 's medium-term targets. Before the dialogue with G8, China, India, South Africa, Mexico and Brazil have called for G8 to cut emissions by at least 1990 greenhouse gas in 2020 years.Volume of emissions from 25% to 40%, reduced by 2050 by 80% to 95%.  The five countries, such as China and India, have also called for G8 to use 0.5% of GNP to help poor countries cope with climate change, and to achieve a commitment to use 0.7% of GNP for aid, but G8 refuses to do so.  Iv. G8 failed to come up with a solution to the global economic slump. The G8 Summit said in a joint communiqué that the global economy is experiencing the worst economic and financial turmoil in decades, despite signs of a rebound in equity markets, falling interest rates and increased business and consumer confidence, but the situation is uncertain, and economic and financial stability remains a serious risk. G8 said countries may need to further develop economic stimulus policies and take the necessary steps, including the macroeconomic stimulus package, to restore strong, stable and sustainable growth in the global economy.  But G8 is also concerned that the stimulus package will have a negative impact on the fiscal situation in the short term.  V. G14 was born. Given the rise of emerging-market countries, G8 has not been able to represent the world's major economies in addressing the problems facing today's global economy. Italian Prime Minister Silvio Berlusconi, Italy's G8, has invited G8 and emerging countries G6 to form a new G14. "For me, the group of 14 is the form that will be adopted in the future, most likely to make the most important decisions on the global economy, and more than that," he said. "If we think we can address these international challenges in the absence of some of the major countries, such as China, India and Brazil, it must be wrong," President Obama said in Aquila. French President Nicolas Sarkozy proposed to replace G8 with the group of 14 countries, he said: "France will host the eight summit in 2011, then, we will allow the 14 countries to put in place." Silvio Berlusconi, Italy's prime minister, also said: "It seems to me that the group of 14 meetings will be the most likely way for us to take in the future." In this way we will make the most important decisions about the global economy, perhaps not just the economy. "Link > > Japan opposes the eight-nation summit to expand to the" group of 14 ", the United States, France and Italy are now quite the group of eight to expand the" group of 14 ", but also some participants expressed opposition to this.  Japanese Prime Minister Taro Aso is one of them. According to the Xinhua news Agency, Aso told the media: "The group of eight alone cannot solve all the problems in the world." In the financial crisis and the recession that began last year, we need India, China and Brazil to make a contribution.  "Despite this, Aso believes that the group of eight still plays a leading role globally."  Swedish Prime Minister Reinfeldt, the EU's rotating presidency, also opposes expansion plans. "At the Group of Eight summit, we had 10 people sitting at the table. Frankly speaking, this is the best way to discuss. If more leaders join, the discussion will become a statement.  "he said. In addition, some leaders, while agreeing to the summit's plan to "fatten up", insisted on retaining the group of Eight。  Canada, the host country of the next eight-nation summit, said Canada would try to hold more forums for participating countries, but hoped that the group of eight "rich club" would continue to exist. This view is supported by Angela Merkel, the German chancellor. "We believe that the Group of Eight is the best body to solve some of the problems," she said. "However, Ms Merkel also said the group of 20 is a key institution and should be involved in the discussions at the summit of the eight countries." (13H2)
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