The Japan Times - G77+China summit in Cuba calls for new global order

EUR -
AED 4.216615
AFN 73.481634
ALL 95.953313
AMD 435.504042
ANG 2.055298
AOA 1052.861097
ARS 1601.113364
AUD 1.629228
AWG 2.066684
AZN 1.947596
BAM 1.956495
BBD 2.326893
BDT 141.730356
BGN 1.962557
BHD 0.433452
BIF 3425.488337
BMD 1.148158
BND 1.475213
BOB 7.98274
BRL 6.042525
BSD 1.155342
BTN 107.131193
BWP 15.667705
BYN 3.521441
BYR 22503.89551
BZD 2.323591
CAD 1.57548
CDF 2606.318501
CHF 0.909214
CLF 0.026625
CLP 1051.287497
CNY 7.891347
CNH 7.921853
COP 4255.417751
CRC 539.597459
CUC 1.148158
CUP 30.426185
CVE 110.316685
CZK 24.455591
DJF 205.734309
DKK 7.473027
DOP 69.848505
DZD 152.168352
EGP 59.981264
ERN 17.222369
ETB 180.394945
FJD 2.54696
FKP 0.860485
GBP 0.864086
GEL 3.117252
GGP 0.860485
GHS 12.5939
GIP 0.860485
GMD 84.963721
GNF 10125.581834
GTQ 8.849146
GYD 241.693238
HKD 9.000019
HNL 30.577856
HRK 7.530881
HTG 151.413468
HUF 393.538595
IDR 19473.906721
ILS 3.559347
IMP 0.860485
INR 106.828174
IQD 1513.309014
IRR 1509827.683702
ISK 143.209678
JEP 0.860485
JMD 181.399999
JOD 0.814015
JPY 183.289631
KES 149.547026
KGS 100.406079
KHR 4626.550435
KMF 491.411314
KPW 1033.317341
KRW 1720.86485
KWD 0.351991
KYD 0.962701
KZT 557.319947
LAK 24790.342066
LBP 103472.940549
LKR 359.733607
LRD 211.409049
LSL 19.284379
LTL 3.390211
LVL 0.694509
LYD 7.372096
MAD 10.810965
MDL 20.143192
MGA 4811.67344
MKD 61.604038
MMK 2411.250427
MNT 4100.188795
MOP 9.32657
MRU 46.111419
MUR 53.400489
MVR 17.750148
MWK 2003.313071
MXN 20.440438
MYR 4.516282
MZN 73.37875
NAD 19.284379
NGN 1565.719942
NIO 42.513436
NOK 11.000369
NPR 171.4245
NZD 1.972592
OMR 0.441469
PAB 1.155241
PEN 3.945202
PGK 4.984748
PHP 68.985343
PKR 322.737818
PLN 4.270804
PYG 7467.148862
QAR 4.200868
RON 5.092427
RSD 117.459043
RUB 96.310104
RWF 1686.429662
SAR 4.31097
SBD 9.237206
SCR 17.436198
SDG 690.043208
SEK 10.784969
SGD 1.471715
SHP 0.861416
SLE 28.302523
SLL 24076.31023
SOS 660.263977
SRD 42.912402
STD 23764.551115
STN 24.513513
SVC 10.108088
SYP 126.969918
SZL 19.289718
THB 37.576334
TJS 11.049677
TMT 4.018553
TND 3.399493
TOP 2.764488
TRY 50.88774
TTD 7.831215
TWD 36.647482
TZS 2989.492888
UAH 50.807129
UGX 4346.036202
USD 1.148158
UYU 46.781918
UZS 14087.600313
VES 517.753599
VND 30214.350116
VUV 137.311493
WST 3.138724
XAF 656.318803
XAG 0.015048
XAU 0.000236
XCD 3.102954
XCG 2.081994
XDR 0.816254
XOF 656.321662
XPF 119.331742
YER 273.921773
ZAR 19.449405
ZMK 10334.803798
ZMW 22.592553
ZWL 369.706386
  • RBGPF

    0.1000

    82.5

    +0.12%

  • CMSD

    0.0100

    22.89

    +0.04%

  • JRI

    -0.1370

    12.323

    -1.11%

  • RIO

    -2.0800

    87.72

    -2.37%

  • CMSC

    -0.1200

    22.83

    -0.53%

  • BCE

    -0.2600

    25.75

    -1.01%

  • BCC

    -1.0800

    71.84

    -1.5%

  • GSK

    -1.3500

    52.06

    -2.59%

  • RELX

    -0.4300

    33.86

    -1.27%

  • NGG

    -3.0200

    87.4

    -3.46%

  • AZN

    -2.8700

    188.42

    -1.52%

  • RYCEF

    -0.2100

    16.6

    -1.27%

  • VOD

    -0.3800

    14.37

    -2.64%

  • BTI

    -2.4600

    58.09

    -4.23%

  • BP

    0.7600

    44.61

    +1.7%

G77+China summit in Cuba calls for new global order
G77+China summit in Cuba calls for new global order / Photo: YAMIL LAGE - AFP

G77+China summit in Cuba calls for new global order

The G77+China, a group of developing and emerging countries representing 80 percent of the world's population, kicked off a summit in Cuba Friday with a call to "change the rules of the game" of the global order.

Text size:

The meeting comes at a time of growing frustration with the Western-led world order amid widening differences over the Russian war in Ukraine, the fight against climate change, and the global economic system.

"After all this time that the North has organized the world according to its interests, it is now up to the South to change the rules of the game," Cuban President Miguel Diaz-Canel said at the opening of the summit.

Diaz-Canel said that developing countries were the main victims of a "multidimensional crisis" in the world today, from "abusive unequal trade" to global warming.

United Nations chief Antonio Guterres is joining some 30 heads of state and government from Africa, Asia and Latin America at the two-day summit in Havana.

At the opening of the meeting he called for a world that was "more representative and responsive to the needs of developing economies", stressing that these countries were "trapped in a tangle of global crises."

The bloc was established by 77 countries of the global South in 1964 "to articulate and promote their collective economic interests and enhance their joint negotiating capacity," according to the group's website.

Today it has 134 members, among which the website lists China although the Asian giant says it is not a full member.

Cuba took over the rotating presidency in January.

Latin American leaders such as Venezuela's Nicolas Maduro, Colombia's Gustavo Petro, and Argentina's Alberto Fernandez were present at the summit, alongside Palestinian leader Mahmoud Abbas, Angola's Joao Lourenco and Mozambican President Filipe Nyusi.

Brazilian President Luiz Inacio Lula da Silva will arrive on Friday night.

- 'Unjust' international order -

China is represented by top Communist Party official Li Xi, who said his country "will always make South-South" cooperation a priority" in its dealings with the outside world.

The meeting should conclude Saturday with a statement underscoring "the right to development in an increasingly exclusive, unfair, unjust and plundering international order," the foreign minister of host Cuba, Bruno Rodriguez, told reporters on Wednesday.

A draft of the closing statement underlines the many obstacles facing developing nations, and includes "a call for the establishment of a new economic world order," he said.

Guterres has recently attended a rash of multilateral summits, including a gathering of the G20 club of major economies in India and the BRICS group that includes Russia.

Ahead of the Havana meeting, Guterres said "this multiplicity of summits reflects the growing multipolarity of our world."

And he warned that "multipolarity could be a factor for escalating geostrategic tensions, with tragic consequences."

The G77 meeting comes after key changes in global blocs.

The African Union has joined the G20 group of the world's most powerful economies, and the BRICS -- Brazil, Russia, India, China and South Africa -- trade group for emerging economies has expanded to admit six new members.

- 'A valid interlocutor' -

The presence of world leaders on its soil amounts to a recognition for the Cuban government even as the country battles its worst economic crisis in 30 years, one analyst told AFP.

"Despite the difficulties of the moment, Cuba has been recognized as a valid interlocutor," said Cuban international relations expert Arturo Lopez-Levy, a visiting professor at the Autonomous University of Madrid.

The communist-ruled island is still under the yoke of US sanctions first imposed in 1962.

Diaz-Canel has in recent months represented the G77+China at several international meetings including a June global financial summit in Paris and an EU meeting in July with Latin American and Caribbean states.

T.Shimizu--JT