Qatar hosts Latin American leaders

[Haaraahur.]

Latin American leaders are set to begin a summit meeting with their Arab counterparts in Qatar, seeking to boost ties between South American and Arab states.

 

The meeting, the second Latam-Arab summit, is due to begin on Tuesday in Doha, the Qatari capital, following the conclusion of the Arab League conference in the Gulf state.

 

Though geographically distant, the two areas are looking to step up trade and investment flows and the meeting reflects Latin America's changing priorities - with left of centre governments dominating the region there has been a move away from the US and a push to embrace a multi-polar world.

 

The two regions also each include a major oil producer, with Saudi Arabia and Venezuela both among the world's top oil exporters.

 

Trade between the two blocs has almost tripled since the first summit in Brasilia in 2005.

"Recently there has been a strong wish to increase commercial exchanges between the two regions, where aggregate GDP reached more than four trillion dollars in 2008," Faisal bin Qassem Al Thani, president of the Qatar businessman's association, was quoted by Qatar's al-Sharq newspaper as saying.

 

He said that the Arab world and South America together make up 10.5 per cent of the world's population and as such represent a major potential market for businesses in either region.

Arab diplomats said the summit will consider creating a joint mechanism of financial cooperation to reduce the impact of the global economic crisis.

 

Palestinian ties

Hugo Chavez, Venezuela's president, will be among eight South American leaders attending the summit. During Israel's 22-day war on Gaza at the beginning of the year, Venezuela expelled Israel's ambassador to the country and a wave of support for the Palestinians swept across Latin America.

 

The Palestinian Authority has said it will open a diplomatic representative office in Caracas next month.

 

Meanwhile, Argentina, represented by Cristina Kirchner, the Argentinean president, is reportedly seeking support from Arab countries in a renewed dispute with the UK over the Falkland Islands.

 

Argentina continues to claim the Falklands 27 years after the two countries went to war over the South Atlantic islands.

 

Also planning to attend the summit is Luiz Inacio Lula da Silva, Brazil's president and the summit's South American co-ordinator.

It was the Brazilian leader who first proposed the idea of the Latam-Arab meeting during a visit to the Middle East in 2003

 

 

Source

[Haaraahur.]

 

 

 

South American and Arab leaders met in Doha, Qatar, for the second Arab-Latin American summit on Tuesday.

 

The meeting ended with leaders from the two regions agreeing to boost economic and political co-operation. Though geographically distant, they are looking to step up trade and investment flows.

 

They said the meeting was aimed at joining their regions into one economic bloc and, possibly, a single political voice on the world stage.

They also considered creating a joint mechanism of financial co-operation to reduce the impact of the global economic crisis.

Hugo Chavez, the Venezuelan president, called for the creation of a new international currency, a petro-currency, to replace the dollar as the world's reserve currency. He asked other oil rich nations to support him in a push to drop the dollar as their main currency of trade.

 

In the last few years the volume of trade exchange between the Arabs and South Americans has sprung to almost $30bn. But for many this is just the first step in a process that could lead to the birth of a new body rich in resources and cash to tackle the globe's most pressing problems.

 

Is the new co-operation between Arab and South American countries just a trade deal or a shift in political alliances? Is the Southern America moving out of the North's orbit?

 

Presenter David Foster is joined by Francisco Santos, the vice president of Columbia, Michel Alaby, the secretary-general of the Arab Brazillian Chamber of Commerce, and Gamal Nkrumah, an analyst with Al-Ahram Newspaper.

 

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