South-South cooperation is a growing and dynamic process that is vital in confronting shared challenges in a multipolar world. The countries of the 'South' are a tremendous source of tested solutions to development challenges including the Millennium Development Goals (MDGs).

The Arab-South American Summit in the Qatari capital Mar. 31 pledges mutual political support in international fora, and increasing trade, energy and technological exchanges. Commercial exchanges between the two regions have increased from 8 billion to 21 billion dollars since 2005.