Monday, May 21, 2018

Equatorial Guinea Remains Focal Point for Business, South-South Cooperation Headquarters to Open

The Republic of Equatorial Guinea was voted to host the official South-South Cooperation headquarters by the Committee of Ambassadors from the Africa, Caribbean, and Pacific (ACP) Group.

The global headquarters, based in Malabo, will be the epicenter of information exchange between the 79 countries that make up the ACP Group.

Equatorial Guinea works closely with the ACP, namely to achieve sustainable development and reduce poverty levels on the African continent. Equatorial Guinea has promised to continue finically supporting the work of the Group.

The United Nations established South-South Cooperation to promote trade and collaboration between developing countries, mainly African, Asian, and South American countries.