It gives me a great pleasure to welcome all of you, and I highly appreciate your acceptance of the invitation to participate in this summit, praising the good efforts made by the heads of the previous sessions held, successively in each of the Federal Republic of Brazil, the State of Qatar and the Republic of Peru, and stressing the importance of relations between our countries as well as the Kingdom's keenness to develop and enhance them in all fields. Distinguished guests: We are satisfied with the convergence and conformity of our views towards many international issues and questions, and commend the positive attitudes of friendly South American countries supportive to pro-Arab causes, particularly the Palestinian issue. We also appreciate the achievements of the previous three summits, and look forward to coordinating our collective positions towards issues on discussion at the International arena, notably, the fight against terrorism and extremism and the spread of the culture of peace and dialogue. Distinguished guests: The chances of developing the economic relations between our countries are promising, with good tidings to achieve development and prosperity of our countries, leading us to overcome the obstacles and constraints before them and encourage and support the flow of investments, exchange of experiences, technology transfer and indigenization and cooperation in all fields. Let me pay tribute to the good growth of the two-way trade volume and investment rates, since the first summit in Brasilia in 2005. Hopes are still attached to achieve more in this area. Hence, we call for the establishment of businessmen councils, and considering the signing of free trade, avoidance of double taxation and encouragement and protection of investments agreements between the countries of the two regions, which will provide a legal and regulatory framework to boost trade flows among them. In conclusion, I thank all you for coming, wishing this meeting good luck and all success". --More 21:29 LOCAL TIME 18:29 GMT www.spa.gov.sa/w