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Brazil, Costa Rica call for Latin American unity to face global crises |
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13:19, July 31, 2008 |
Brazil and Costa Rica have urged Latin American countries to unite in the face of the global financial and food crisis.
"Latin American unity is now essential to face the financial crisis in the developed countries," Brazilian President Luiz Inacio Lula da Silva said here Wednesday following a meeting with visiting Costa Rican President Oscar Arias.
He said he will meet in September with experts from the Common Market of the South (Mercosur) and the Central American Integration System (Sica) to reach a trade agreement.
Arias said "there is no better moment" to advance negotiations on the Latin American blocs, which began more than five years ago but have not made any concrete achievements yet.
"Latin American challenges unite us in the fight against poverty, inequality and insecurity," he added.
A bilateral agreement on bio-fuel cooperation was signed at the meeting.
Arias is scheduled to travel to Sao Paulo on Thursday to attend a business forum and visit an ethanol manufacturing plant, followed by a meeting with former Brazilian President Fernando Henrique Cardoso.
Source:Xinhua
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