“…In doing so, IBSA was a special forum for advocacy for the developing world, and could therefore be seen as a soft balancing strategy (PAPE, 2005) aiming to challenge international norms, rules or practices that might adversely affect the interests of its members, and -hopefully -to eventually change these norms. Amongst its achievements in coordinating positions on multilateral negotiations, we can mention the negotiations at the WTO (CHAKRABORTY and SENGUPTA, 2006) 34 ; its continuous voicing for a distinct approach for international cooperation for development 35 ; the joint project presented to the UN Human Rights Council about access to medicines and the right to medical treatment, the approval of which could be interpreted as an example of success of the political SS cooperation towards development (AYLLÓN, 2012, p. 196); as well as the demands for a new regulation of transnational capital flows (STEPHEN, 2012, p. 304). Amongst other initiatives, those above mentioned gave IBSA the status of one of the most relevant coalitions of Southern countries to act towards the building of an emerging world order.…”