A new trade alliance set up to counter the world's richer nations over issues such as farm subsidies has suffered a further setback as Costa Rica become the latest country to pull out of the so-called 'Group of 20 plus'.
According to reports, the government of the Central American jurisdiction came to the decision after reviewing its trade policies, and warned that more countries in the region may follow suit in the near future.
The membership of the Group has already dwindled to nineteen after Colombia, Peru and El Salvador pulled out in recent weeks. It is thought that one reason why several Central American participants have had a change of heart is fear that their involvement in the Group of 20 plus could jeopardize a future multilateral trade deal with the United States.
The new trade alliance, which numbers India, Brazil and China amongst its ranks, rose to prominence following the collapse of the WTO talks in Cancun last month.
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