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China, the EU and Latin America : current issues and future cooperation
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32 China theEUandLatinAmerica:CurrentIssuesandFutureCooperation BrazilandSouthAfricaDialogueForum IBSA .Itencouragescooperationona widerangeoftrade security scienceandtechnologyissuesbetweencountries withleadershipcredentialsintheirregions whichhappentobethethreelargest democraciesinthedevelopingworld.IBSAhassetupafundwithintheUnited NationsDevelopmentProgrammetoidentifyandfinancegood practicesin education healthandbasicsanitationprojectsinpoorcountriesineachregion. TheBRICs Brazil Russia IndiaandChina constituteafurtherexample ofmajoremergingeconomies workingtogethertoencouragereview ofthe buildingblocks oftheinternationalsystem as we know it.Theirjoint communiquéleading up to the G20 Summitin London last April was instrumentalinmovingaheadthedebateonaBrettonWoodsII. South American integration provides regional platform for global negotiationson manyoftheissues mentionedabove.Furthermore trade financingandinfrastructureinitiativeswhichareunderwaytoovercomeregional socialandeconomicdisparities alsoofferausefulsoundingboardforinnovative proposalsontheglobalstage. ThepoliticalgroundworkformuchofthishasbeenencouragedbytheSouth AmericaArabCountriesSummit Brasilia 2005 Doha 2009 ), andtheSouth AmericaAfricaSummit Abuja 2006 .Thesearethefirstlargeinternational meetingsinrecentmemoryoutsidetheregularscheduleoftheUnitedNations aimedatjoininglargeblocksofdevelopingcountries.Bysettinguptransatlantic partnerships spanning majorgeographical culturalandpoliticalpoles these initiatives have helpedtoreinforceasense ofcommon purposeandforged commitment. Cooperationprogrammesrangefromimprovementsinmanioccultivationin theislandnationofSoToméandPrincipetosettingupapharmaceuticalplant forAidsdrugsin Mozambique.Bytakingpartindevelopmentschemesand technicalcooperation projectsaimed atcapacity building Brazilseeksto contributeto the New Partnership for Africas Development NEPAD Africanownership as Africansproudlycallit takestheform ofspecific commitments on questions of administrative transparency and democratic practices humanrightsprotectionandpriorityinvestmentineducationand health. These undertakings and attendant oversight schemes offer an encouragingframeworkforattractingmuchneededinternationalcooperationand longtermforeigninvestment. Thisprocessofdomesticreformismatchedattheregionallevelbythe creationoftheAfricanUnion AU whichreplacedthelonglivedOrganization ofAfricanUnity.Theinstitutionalchangesinvolvedreflectanewwillingnesson