G20 Summit has brought together 3 Major emerging economies, India, Brazil, and South Africa with aims to forge closer ties and push back against Donald Trump aggressive trade policies. Leaders from India, Brazil, and South Africa met in Johannesburg on the sidelines of the Group of 20 summit on Sunday to give greater importance to a trilateral grouping, the so-called IBSA forum. This political unity of 3 major economies is nothing less than a preparation by emerging nations to strongly push back against Trumps’ decision to target them with high tariffs and publicly rebuking the leaders for their domestic policies. Donald Trump snubbed the G-20 summit in Johannesburg this weekend in a major blow to South Africa and other developing nations pushing to curb global inequality.
South African President Backs Grouping at G20 Summit
In what can be termed as a befitting reply to Donald Trump type of global politics, South President Cyril Ramaphosa backed the grouping of 3 emerging nations by quoting that “Our grouping affirms that diversity is not a fault line but a source of strength.” He further said that “We must position ourselves as co-architects of a more representative and responsive multilateral system.”
Further, the absence of Chinese President Xi Jinping from the summit gave more rooms to three leaders to revive their trilateral grouping. Normally, Xi would huddle with Modi, Ramaphosa and Lula as part of the BRICS grouping alongside Russia, whose leader Vladimir Putin hasn’t attended the G-20 in years.
About IBSA
The IBSA forum last hosted a leaders meeting in South Africa in 2011. Formed in 2003, the three-country grouping primarily coordinates on issues of global governance and promotes South-South cooperation, including through joint-funding of development projects. The revival of IBSA forum at G 20 Summit shows Trump’s actions are pushing developing countries to look at economic integration on their own.
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