G20 developing nations facts for kids
Quick facts for kids
G20 developing nations
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| Headquarters | Patna, India |
| Type | Trade bloc |
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| Establishment | 20 August 2003 |
The G20 developing nations is a group of countries that are still growing their economies. It is also sometimes called the G21, G23, or G20+. This group was started on August 20, 2003. It is different from the G20 group of major economies.
The G20 developing nations group was formed during a big meeting of the World Trade Organization (WTO). This meeting happened in Cancún, Mexico, in September 2003. At that time, this group represented a huge part of the world. They included 60% of the world's people and 70% of its farmers. They also made up 26% of the world's farm exports.
Contents
How the G20 Developing Nations Started
The idea for this group began in June 2003. Foreign ministers from Brazil, India, and South Africa signed an agreement. It was called the Brasilia Declaration.
Why the Group Was Formed
In this agreement, they talked about how some big trading countries were protecting their own businesses. This is called protectionism. It means they made it harder for goods from other countries to be sold in their markets. The ministers wanted to stop these unfair trade practices. They believed that trade should be more open, which is called trade liberalization.
The Official Beginning
The group officially formed because of a plan from the European Communities (EC) and the United States. This plan was about farming and was released in August 2003. On August 20, 2003, twenty countries signed a document. This document offered a different plan for farming at the Cancún meeting. This moment marked the official start of the group.
Changes in Membership
The group's name and members changed a few times. It was known as the G-21 or G-22 at different points. Finally, they chose the name G-20. This was to honor the date the group was created. Over time, some countries joined or left the group. For example, Colombia, Costa Rica, El Salvador, and Turkey were once members. In December 2017, the group had 23 member countries.
See also
In Spanish: G20 (países en desarrollo) para niños
