Peruvian President Ollanta Humala inaugurated the 3rd Summit of South America – Arab Countries (ASPA), in Lima, on Monday morning.
During his speech Humala highlighted that the summit was an opportunity for the two regions to extend ties, and provide mutual assistance.
ASPA, Humala said, was also a space for the two “vibrant and enterprising” regions to facilitate trade among its nations, El Comercio reported.
"The execution of business opportunities between the Arab world and South America,” Humala said, “demands a greater mutual understanding of the trade and investment opportunities between our regions, as well as the establishing of conditions that can enable the mutual benefit of our peoples’ business leaders.”
During the opening of the summit, being held at Lima’s Swissotel, Humala said that despite the global economic crisis, South Americas was the “most dynamic and emerging [region]in the world, maintaining high growth rates in a general framework of macroeconomic stability.”
Arab countries, Humala said, are also in a position to provide advice to Unasur (Union of South American Nations) member states, with regards to energy, education, and research.
The ASPA summit – which includes several heads of state, government official’s, and business leaders – is taking place between October 1 and 2.
During his speech Humala highlighted that the summit was an opportunity for the two regions to “extend ties”.