The Group of 77 was formally established in 1964, with the purpose of strengthening the unity and cooperation of developing countries in the international economic field, promoting the establishment of a new international economic order and promoting the economic and social development of developing countries. China is not a member of the Group of 77, but it has always supported its just claims and reasonable demands, and maintained good cooperative relations with it.

At the preparatory meeting of the United Nations Conference on Environment and Development in 199 1, China and the Group jointly presented a position paper in the form of "Group of 77 and China" for the first time. This mode of cooperation has gradually expanded to many fields such as economy, society, United Nations finance and budget.

The founding process of the Group of 77

The Group of 77 is an economic organization established by developing countries to change their passive position in international economic trade, improve the deteriorating communication environment and prevent the developing countries from expanding their balance of payments deficit. Its predecessor was the Group of 75. 18 When the United Nations General Assembly discussed the convening of the 1963 Conference on Trade and Development, 73 Asian, African and Latin American countries, Yugoslavia and New Zealand jointly put forward a joint declaration to form the "Group of 75".

Later, Kenya, South Korea and Vietnam joined, and New Zealand announced its withdrawal. When the18th session of the United Nations General Assembly discussed the convening of a conference on trade and development, the 75 developing countries attending the conference issued the Joint Declaration, thus forming the Group of 75.

Refer to the above content: Baidu Encyclopedia-Group of 77