|Iranian president to attend G-77 summit in Bolivia||
TEHRAN – Iranian President Hassan Rouhani is scheduled to make a trip to Bolivia in June to attend the meeting of the Group of 77.
Bolivian President Evo Morales, in a meeting with Iranian Deputy Foreign Minister for European and American Affairs Majid Takht-Ravanchi in La Paz on January 20, invited Rouhani to attend the meeting.
The Group of 77 at the United Nations is a loose coalition of developing nations, designed to promote its members' collective economic interests and create an enhanced joint negotiating capacity in the United Nations. There were 77 founding members of the organization, but by November 2013 the organization had since expanded to 133 member countries.
Bolivia holds the chairmanship for 2014.
The group holds a one-year and rotating presidency among Africa, Asia and Latin America.
The group was founded on June 15, 1964 by the "Joint Declaration of the Seventy-Seven Countries" issued at the United Nations Conference on Trade and Development (UNCTAD). The first major meeting was in Algiers in 1967.
Iran chaired the group for the year 2001 by Ambassador Bagher Asadi.
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