Equatorial Guinea Closes 3rd ASA Summit By Promoting South-South Cooperation

Feb 27, 2013, 12:04 ET from Republic of Equatorial Guinea

President Obiang promotes solidarity and relations between Africa and South America

MALABO, Equatorial Guinea, Feb. 27, 2013 /PRNewswire-USNewswire/ -- President Obiang Nguema Mbasogo of Equatorial Guinea called for stronger South-South cooperation in the closing ceremony of the third Africa-South America Summit (ASA) held on February 23, 2013 in the capital city of Malabo.

During his closing remarks, President Obiang thanked representatives and Heads of State who participated in the event and proposed expanding the ASA group by including countries from Central America and the Caribbean.

According to President Obiang, expanding the ASA group would promote solidarity and better strengthen relations between the two large regions. He stressed that the ASA group was designed to enhance South-South ties, but that it could not be achieved without the participation of all Latin American countries.

"The implementation and strengthening of commercial ties, through direct investment, and the creation of social funds for tourism, education, science and technology, etc., constitute the priority of development cooperation that we must establish starting in this summit," said President Obiang.

"In conclusion," he continued, "we strongly believe that this summit will be a turning point that vitalizes cooperation between Latin America and Africa, for the emergence of their states and their integration in the developed world."

This was the third ASA Summit. It lasted four days and included a series of meetings between senior officials and country leaders. Over the course of the event, attendants discussed ways to utilize their resources and stimulate economic growth for the benefit of both regions.  

About Equatorial Guinea
The Republic of Equatorial Guinea (Republica de Guinea Ecuatorial) is the only Spanish-speaking country in Africa, and one of the smallest nations on the continent. In the late-1990s, American companies helped discover the country's oil and natural gas resources, which only within the last five years began contributing to the global energy supply. Equatorial Guinea is now working to serve as a pillar of stability and security in its region of West Central Africa. The country hosted the 2011 Summit of the African Union. For more information, visit http://www.guineaecuatorialpress.com.

SOURCE Republic of Equatorial Guinea