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    South-South Trade


    International Trade Forum - Issue 2/2007, © International Trade Centre 

    © Still Pictures/ R. Giling 

    Reducing intra-regional barriers 

    Recent research by the Organisation for Economic Co-operation and Development shows that the potential benefit from freer South-South trade may indeed be at least as large as the gains that developing countries can obtain from better access to rich countries' markets (North-South trade). Intra-regional trade agreements in Latin America and the Caribbean, such as MERCOSUR or CARICOM, are fostering trade between neighbouring countries. For example, over the last 30 years, internal trade in the Andean common market grew five times faster than trade with outside partners. (Source: Oxfam)


    © Photo Bianco

    New investment destinations

    "For years we have seen a tremendous growth in our lending to Africa. Currently it is more than $200 million a year. This year we are expecting it to be $300 million."
    Nik Najib Husain, Deputy Director, Trade Finance and Promotion Department, Islamic Development Bank, Saudi Arabia


    Digital partnership

    "South-South cooperation has always been an important policy plank for India, and as part of this objective we are building a relationship of partnership for mutual benefit with Africa, not one of donor-recipient. We have shared a wide range of training facilities and project expertise. We have recently embarked upon an ambitious project to establish a pan-African e-network that hopes to bring the benefits of tele-education and tele-medicine to all 53 countries on the African continent. We need to explore the great potential of inter-regional trade linkages."
    Nutan Kapoor Mahawar, First Secretary, Permanent Mission of India to the United Nations Office at Geneva



    © Photo Bianco


    © Photo Bianco


    Landlocked: Challenge, not destiny

    "Of course, being landlocked is a challenge but it is not destiny.Being landlocked means facing not only physical and infrastructural challenges, but also psychological challenges expressed in terms of trade policy - which in turn affects the micro and enterprise levels.But it is not destiny. We can change it and we are trying."
    Sambuu Demberel, Chairman & CEO, Mongolian National Chamber of Commerce and Industry