“2nd South America-Africa Summit to be held in Venezuela: Chavez

www.chinaview.cn 2009-09-02 11:03:39 Print

CARACAS, Sept. 1 (Xinhua) — Venezuelan President Hugo Chavez announced the second South America-Africa Summit (SAAS) would be held on Sept. 26 and 27 on Venezuela’s Margarita Island, the presidency reported Tuesday.

He made the announcement at the African Union (AU) Special Summit, according to information reaching here from Tripoli, Libya, where Chavez is visiting.

During the SAAS summit, Chavez will present several proposals to strengthen coordination between the member states of the Union of South American Nations and African countries.

His proposals include the creation of a venture bank for Latin America and Africa, as well as the use of a single or local currency for the South’s trade.

Chavez also seeks to propose establishing an education system linking the universities and institutes of both regions, as well as a common structure for the oil and gas companies there.”