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Second Summit of Arab-South American countries concluded

Second Summit of Arab-South American countries concluded
1 Apr
E-Media:
Doha -- Head of States and Leaders of Arab and South American countries concluded their second one-day summit here last evening.
The Saudi delegation to the summit was led by Custodian of the Two Holy Mosques King Abdullah bin Abdul-Aziz.
Qatari Emir Sheikh Hamad bin Khalifa Al Thani expressed hope that the results of the Summit of Arab-South American Countries will help achieve the aspirations of the peoples of the two regions and boost their relations as reported by SPA.
The Summit stressed the need for achievement of peace in the Middle East based on land for peace.
The Doha Declaration issued at the end of the summit sought to forge a common alliance to confront the global financial crisis on the eve of the G20 summit of industrialized nations.
Trade between the two blocs has almost tripled since the first summit in Brasilia in 2005, and this time leaders aim to make progress towards forming an economic partnership and a political alliance in global institutions, diplomats said according to SG.
Ahead of Thursday’s G20 forum in London, leaders of the 22-member Arab League and 12 South American states staged their second summit in four years in the Qatari capital, Doha, aiming to create political and economic fronts.
South America and the Arab region are geographically far apart, but each contains a major oil producer, with Venezuela and Saudi Arabia among the world’s top exporters.
Saudi Arabia is the only Arab nation that will join emerging countries at the summit of leaders of the Group of 20 most industrialized and developing nations, which will also be attended by Brazil and Argentina. The G20 summit is aimed at pulling the world economy out of its worst downturn in decades and rewriting the financial rulebooks.
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