G5 calls for Doha Round conclusion to curb protectionism, eliminate export subsidies

This is a joint declaration by the leaders of Brazil, China, India, Mexico, and South Africa (the G5) issued during the G20 summit in L'Aquila, Italy, calling for the successful conclusion of the Doha Round of WTO negotiations based on its development mandate.

Who it concerns: The declaration involves the leaders of Brazil, China, India, Mexico, and South Africa, with Egypt associating itself with the statement. It concerns the World Trade Organization (WTO) members, specifically highlighting the interests of developing countries and the obligations of developed countries regarding trade rules and subsidies.

What was agreed

• Commitment to conclude the Doha Development Round based on its development mandate.
• Requirement to eliminate export subsidies and reduce trade-distorting subsidies in developed countries.
• Necessity to complete modalities in agriculture and non-agricultural market access (NAMA) in line with the December 2008 draft texts.
• Prohibition on selectively reopening issues; any changes must preserve the overall balance and proportionality of the outcome.
• Call for intensified dialogue among WTO members to resolve remaining negotiating gaps.

Also in the document

• Egypt associated itself with the declaration after consultations.
• The statement explicitly links the conclusion of the Doha Round to inhibiting emerging protectionist trends and restoring confidence in world markets.