King Salman and Crown Prince offer condolences to Azerbaijan president over plane crash    Shihana to continue serve as chief of reconstituted board of Saudi Authority for Intellectual Property    Ministry of Interior: Over 28 million digital identities issued via Absher    176 teams carry out 1.4 million volunteer hours at Prophet's Mosque in 2024    RCU launches women's football development project    RDIA launches 2025 Research Grants on National Priorities    Damac appoints Portuguese coach Nuno Almeida    GASTAT: Protected land areas grow 7.1% in 2023, making up 18.1% of Kingdom's total land area    Kuwait and Oman secure dramatic wins in Khaleeji Zain 26 Group A action    South Korea becomes 'super-aged' society, new data shows    Trump criticizes Biden for commuting death sentences    Russian ballistic missile attack hits Kryvyi Rih on Christmas Eve    Financial gain: Saudi Arabia's banking transformation is delivering a wealth of benefits, to the Kingdom and beyond    Four given jail terms for Amsterdam violence against football fans    Blake Lively's claims put spotlight on 'hostile' Hollywood tactics    Five things everyone should know about smoking    Saudi Arabia starts Gulf Cup 26 campaign with a disappointing loss to Bahrain    Gulf Cup: Hervé Renard calls for Saudi players to show pride    Do cigarettes belong in a museum    Marianne Jean-Baptiste on Oscars buzz for playing 'difficult' woman    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



South Africa, Brazil pledge to boost trade
Published in The Saudi Gazette on 10 - 07 - 2010

South Africa and Brazil pledged on Friday to deepen trade and commercial ties in another sign of emerging countries gradually shifting their economic dependence away from rich nations.
At the end of a six-country tour of Africa - his 12th trip to the continent - Brazil President Luiz Inacio Lula Da Silva told South African counterpart Jacob Zuma that developing economies had to tear down barriers to trade. “I told Comrade Zuma that we do not need to fear each other. We need to build things together. Then we will be less reliant on others and can build a stronger economy,” Lula said.
Since coming to office in 2003, the former metal worker has worked hard to boost trade between Brazil and Africa to $26 billion, a more than five-fold increase.
Zuma praised Lula's commitment to the poorest continent, which has enjoyed an unprecedented stretch of growth in the last decade due to factors ranging from a boom in commodity prices, increased foreign investment and official debt forgiveness.
Under Lula, the number of Brazilian embassies in Africa has doubled to 34.
“President Lula has prioritised relations with Africa. Brazil has expanded its presence in Africa over the past 10 years,” Zuma said.
Brazil is South Africa's largest commercial partner in South America, with trade of 19 billion rand in 2009, and both leaders said those numbers were destined to rise.
With Brazil gearing up to host the next soccer World Cup, in 2014, its leaders are also keen to learn from South Africa's experience, particularly in overcoming the reputation for crime and violence that bedevils Brazil as much as South Africa.
“People will go back with the conviction that South Africa enchanted them. Brazil will continue to learn to hold an unforgettable World Cup,” Lula said.
On previous legs of his African trip, Lula signed, among other things, a defence accord with Equatorial Guinea, a biofuels deal with Kenya and an environmental cooperation pact with Tanzania.


Clic here to read the story from its source.