... Free Trade Area (AfCFTA). The African Union is in the process of accession to the core of the G20 grouping as a full-fledged member and is also a participant of the BRICS+ meetings that in turn are increasingly targeting regional groupings from the Global South. What will be the future course taken by the African Union along the North-South (G20/BRICS) axis and are there prospects for the AU to become a permanent part of the BRICS/BRICS+ decision-making process?
Calls for other regional blocks to join the EU as members of G20 have been voiced years ago[1] and with respect to the African Union they have become much more vocal in the past several years as the AU has exhibited rising prominence and success on the international stage. Last year support for ...
... no reason why it should exercise exclusive representation of all the regional organizations in the global economy. In fact, the African Union attained crucial advances in regional economic integration in the past several years and can represent the Global South as a regional forum in the G20 just like the EU may be the regional representative of the Global North.
In the longer term, the issue of the inclusivity of the G20 grouping could be addressed by the member developing economies that will chair the G20 in the coming 3 years. In fact, in the course ...
... disputes and restrictions were led by the developed economies such as the US and the EU.
Large economies also tend to have significantly more allocations towards defence... ... created on the basis of existing arrangements and economic blocs — in the case of G20 there could be a case for creating a regional R20 composed of the regional integration... ... markets to deliver their contribution to the process of economic integration in the Global South.
Source:
Valdai. Discussion club
