G20 urged to stop using trade as football, start using it to help poorest

G20 urged to stop using trade as football, start using it to help poorest

By staff writers
12 Nov 2010

As conflicts over trade interests dominates the G20 Summit in Seoul, aid agency CAFOD is urging world leaders to put self-interest aside and ensure trade is used as a tool for development.

CAFOD's economics analyst Christina Weller said: "Every country here in Seoul is obsessing over trading their way out of recession and it is weakening the reputation of the G20.

"This group of leaders has the responsibility to work together to increase global prosperity and steer the recovery.

"The G20 must deliver on a Seoul Consensus that breaks with the failed policy blueprints of the past. This must include an effective approach to development that puts poor nations in the driving seat, offers them meaningful access to rich country markets and supports the ability of small farmers and small businesses to compete in globalised markets.

"We are seeing increasingly aggressive language on trade outside the G20 and these sentiments are stalling G20 agreement on their bread-and-butter issues.

"If the politics of trade means that this summit doesn't deliver the absolute minimum of access to G20 markets for low income countries - something already agreed at the WTO - we can conclude that the G20 isn't serious about helping developing country economies."

[Ekk/2]

Keywords: cafod | economics | g20 | g20 summit | seoul | trade
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