Thursday, June 19, 2014

Equatorial Guinea Attends G-77 + China Summit

Obiang calls for South-South Cooperation

Equatorial Guinea’s President Obiang Nguema Mbasogo joined Secretary-General of the United Nations, Ban Ki-moon, heads of state and government, and representatives of major international organizations at the G77 + China Summit held in Santa Cruz de la Sierra, Bolivia, on June 14-15, 2014.

The G-77 member countries work together to promote their collective economic interests and enhance their joint negotiating capacity on the main economic issues, as well as promote South-South cooperation for development.

Under the summit’s theme “For a New World Order for Living Well,” President Obiang said South-South cooperation is a reality, and emphasized the need to strengthen this cooperation in order for developing countries to be able to support themselves through processes such as the creation of institutions to support their economic activities, among others.

Both President Obiang and Evo Morales, Bolivian President, stressed the importance of developing countries working together to improve their economies and protect their natural resources and meet the challenges and pressure from northern countries, since the southern states of the world are also the ones that hold the greatest potential for natural resources.

UN Secretary-General said, “The Group of 77 was established through the fundamental premise that all countries, big and small, rich and poor, deserve to have the same voice in world affairs.” He continued to say, “The G-77 has allowed the Southern part of the world to speak with a common voice.”

The G-77 is the largest intergovernmental organization of developing countries in the United Nations. It has 133 member countries. The organization was created on June 15, 1964, as a means for the countries of the South to articulate and promote their collective economic interests and enhance their joint negotiating capacity on all major international economic issues within the United Nations system, and promote South-South cooperation for development.