Spain strengthens its presence in the summit of G-20

September 26, 2010 at 3:46 pm

Spain’s de facto role as a member in the summit of leaders of the G-20 will be consolidated in the next round of 11 and 12 November in Seoul. South Korea announced yesterday that the Spanish Government has been invited to the summit and acknowledges that Spain has been present as a guest on the last four summits of the G-20.

The announcement, made public through a statement shapes the role Spain plays in the group, which is a statutory body which can produce income themselves.

Apart from Spain, South Korea has invited Ethiopia and Malawi, presidents of the African Union (AU) and the New Partnership for Africa’s Development (NEPAD) to attend the November meeting “to strengthen the representation the African region”.

South Korea, who assumed the presidency of the G-20 in January, is the first emerging country to host a meeting of the G-20 leaders, and aims to play a bridging role between developed and developing economies.

The G-20 is formed by members of the G-8 (USA, Canada, UK, Russia, Italy, France, UK and Germany), the European Union bloc and the eleven major emerging countries (South Korea, Argentina, Australia, Brazil, China, India, Indonesia, Mexico, Saudi Arabia, South Africa and Turkey).

Image credit: davegranlund.com

Entry filed under: Economy, News. Tags: G-20, member, presence, role, South Korea, Spain, strengthens, summit.