MercoPress. South Atlantic News Agency

South America/Arab countries business summit in Peru next April

The February meeting was suspended because of events in Egypt

The South American/Arab countries III Business Summit will take place April 19 and 20 in Peru confirmed the organizers of the event that was to be held parallel to the suspended South America/Arab leaders’ summit (ASPA) this month in Lima.

“We hope to bring together over 500 business people from Middle East and South America”, said Patricia Teullet General Manager for ComexPeru, a lobby of companies linked to export industries.

The business meeting originally was to be held next week previous to the ASPA summit (13/16 February) suspended by the Arab League because of the political situation in Egypt, which forced a reprogramming of the event.

Business people understand what is happening in Egypt and other countries but “there is great interest from Arab and South American entrepreneurs to go ahead with the business forum”, added Teullet.

The Arab countries block import annually over 600 billion US dollars and invest overseas 163 billion USD.

Among its members are countries such as Qatar and the Arab Emirates with a per capita income above 45.000 US dollars.