RIYADH, 10th November, 2015 (WAM) — Adel bin Ahmed Al-Jubeir, Saudi Foreign Minister, has stressed the importance of crystallising a strong and effective partnership between the Arab world and South American countries.

According to the Saudi Press Agency, SPA, he added that this strong partnership will not only benefit both sides, but extends to the international sustainable development service plan, within the framework of multilateral cooperation under the umbrella of international legitimacy, through consolidating principles of the United Nations’ Charter.

In a speech at the opening of the ministerial preparatory meeting for the fourth summit of Arab and South American countries to be held in Riyadh on 10th and 11th of November, he pointed out that the Arab economy, despite being a developing one, has contributed to help the least developed countries in the world.

For example, he said, Saudi Arabia’s economy, which is a major part of the global economy among the top 20 countries, contributed, in particular, total aid and soft loans to developing countries and least developed countries worth more than US$120 billion over the past three decades.

He noted conformity of points of view between the two sides on many issues and questions, particularly the support of South American countries of Arab just causes, indicating in the same context that the Arab side is always working to support these countries in many issues.

Praising the positive attitudes of the South American countries friendly to the Palestinian issue and recognising establishing the State of Palestine on the borders of 1967, he expressed hope that it would contribute to the broader international recognition of the State of Palestine, in bolstering the peace process to achieve a just, lasting and comprehensive peace objectives.

WAM/Esraa/Moran