China , theEUandLatinAmerica:TrilateralRelationsandScopeforMultilateralism 4 35 billionpledgeoveratenyearperiodtotheAmazonFund , setupbytheBrazilian governmenttoprovideincentivesforsustainablemanagementoftropicalforests. HopefullythiscouldhelpbreakthelogjamintheCopenhagenConference , as Brazilshowsone wayfordevelopingcountriestoengageconstructivelyin preservingtheenvironment , giventherightfinancialandinstitutionalbacking. Brazilsalreadymentionedaerospacecooperationonsatellitemonitoring with bothFranceandChinacouldbeapowerfulcomplementtotheseefforts. OntheMonterreyagenda , itistobehopedthatthejointpositionadopted bytheBRICsonreformoftheBrettonWoodsinstitutionswillhelptoovercome Europeanresistancetospeedierchange.Ontheotherhand , LatinAmerican , EU and Chinesesupportduringthe London G20 Summitfor morestringent internationaloversightoffinancialinstitutionsshouldequallyhelpbringtheUSA onboardonthiscontentiousissue. Ontradeissues , LatinAmerican , ChineseandEUsupportfortheproposalonthe tabletoconcludetheDohaRoundcanbeinstrumentalinbringingroundtheUSAand India , whichweredirectlyresponsibleforthefailuretoclinchadealin2008. Ultimately , only byfindingcommon groundfor mutuallysustainable developmentitwillbepossibletorebalanceglobalgrowthinamannerthatis trulysustainable , toavoidassetbubblesandtoallowalltobenefitfromthe prosperitythatglobalisationcanmultiply.Asglobalisationandinterdependence steadilyandinexorablyadvance , thechallengeoffindingcreativeandinnovative opportunitiesfordialogueandpartnershipsthatbridgegeography , cultureand historyhasbecomeanimperativeofthehighestorderjoiningLatinAmerica , ChinaandtheEuropeanUnion. Notes 1.TheRioGroupwasbornin1986asaforumforLatinAmericanandCaribbeandialogueon majorregionalquestionsaffectingregionalsecurityanddevelopment. 2.TheIberianprocesscouldclaimuntilquiterecentlytobetheonlyLatinAmericanand CaribbeanforuminwhichCubahadaseat.ThischangedinDecember2008 , whenCuba joinedtheRioGroup. 3.TheWorldSocialForum , knownasthePortoAlegreForum , wassetupasacounterpoint totheWorldEconomicForum , heldyearlyatDavos.Commonlyassociatedwiththeanti globalisationmovement , thePortoAlegreForumbringstogetherNGOsandothercivil societyactorstodiscussissuesrelatedtoglobalgovernance.
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China, the EU and Latin America : current issues and future cooperation
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