South-South cooperation having a great impact across a range of sectors: PGAListen /
He said they now hold more than $5 trillion in reserves. Between 1980 and 2010, these countries increased their share of world trade from about 25% to 47%, with half of that trade taking place among countries of the South.
According to Dr. Ashe, "It is therefore evident that South-South cooperation is having great impact and influence across a range of sectors including health, energy, economic and trade."
He said "It is also worthy to note that the South is attracting significant capital inflows, and that some of the emerging economies of the South are beginning to exercise tremendous geopolitical influence", adding, "The fact that this Expo is being convened in the Global South for the first time is testimony to the growing importance of the South."
Later at a press conference, General Assembly President John Ashe explained what the Global Expo was all about.
“One has to look at what the global expo is all about. The idea is to look at solutions that are both practical and can be scaled up, and I think on both levels it has been a success. I do hope south-south cooperation can play an important role in the post-2015 development agenda. In fact, in ‘Setting the Stage,’ which is my theme for the 68th session, I’ve identified south-south cooperation as one of the high-level events that I will convene to get inputs from member states on how south-south triangular cooperation and ICT for development can all contribute to the post-2015 development agenda.”
Dr. Ashe told delegates that as never before, Southern countries are supporting one another through investment, technology transfer, and peer-to-peer learning.
The Global South-South Development Expo is the world's biggest stage for development solutions created in the South for the South.
This is Donn Bobb reporting.