CARACAS, Sept. 1 (Xinhua) -- Venezuelan President Hugo Chavez announced the
second South America-Africa Summit (SAAS) would be held on Sept. 26 and 27 on
Venezuela's Margarita Island, the presidency reported Tuesday.
He made the announcement at the African Union (AU) Special Summit,
according to information reaching here from Tripoli, Libya, where Chavez is
During the SAAS summit, Chavez will present several proposals to strengthen
coordination between the member states of the Union of South American Nations
and African countries.
His proposals include the creation of a venture bank for Latin America and
Africa, as well as the use of a single or local currency for the South's trade.
Chavez also seeks to propose establishing an education system linking the
universities and institutes of both regions, as well as a common structure for
the oil and gas companies there.