Riyadh will host today the fourth Arab-Latin American Summit called by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz, which will last for two days, to discuss important files in the political, economic, social and cultural fields, in addition to adopting the draft Riyadh Declaration that will be issued by the summit for the most important issues on its agenda.
This summit, in which thirty-three Arab, Islamic and South American countries participate, comes in exceptional circumstances and the circumstances of the situation in some Arab countries such as Palestine, Syria, Iraq, Yemen and the developments in these countries. The summit will also discuss the issue of free trade between these countries and the issue of investment between these countries and enhancing the level of trade representation between the countries participating in this summit, in addition to discussing agricultural investment and trade exchange.
Thorny issues await the summit
The Fourth Arab-Latin Summit comes at a time when sensitive files and thorny international issues are crowded with decisions and recommendations that are expected to be taken, such as the Palestinian issue, combating terrorism, establishing an Arab military force, the situation in Syria, Libya, Yemen and developments in the nuclear non-proliferation treaty. Also on the agenda of the summit are aspects such as developing a mechanism for cooperation in the fields of economy, culture, education, science and technology, environmental protection and tourism to achieve permanent development in those countries.
Thirty-three participating countries
Ten Years of Cooperation
<Brazil hosted the first summit in Brasilia in May 2005, while the second was held in March 2009 in Doha and the third in Lima in October 2012, and these summits achieved positive results at the political, diplomatic and economic levels, the summit will embody ten years of convergence and common positions between the two parties. Especially after the tangible gains, most notably the political rapprochement and views, as well as the promotion of trade exchange, which recorded great leaps during the past summits. The trade movement between Arab and Latin countries has been active until the volume of investments reached 30 billion dollars in 2014 compared to 6 billion dollars in 2005.
Summit of political and investment alliances
On the other hand, Latin countries are expected to support Arab political positions. <On the other hand, Latin countries expect the Arab countries to provide effective support, especially in the economic aspect and even support in political stations, most notably UN issues and their issues with the World Trade Organization (WTO). The Arab countries should focus on effective economic partnerships, especially with advanced Latin countries in areas such as the aircraft industry and investment technology.
