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Monday, September 24, 2007

Lula and Correa agree on inter-ocean corridor

BRASILIA. (Periodico 26) — Brazilian President Luiz Inacio Lula da Silva and his Ecuadorian counterpart Rafael Correa agreed upon advancing the construction of the inter-ocean corridor that will allow Brazil to have an access towards the Asian markets.

Lula and Correa agreed on accelerating the implementation of the Inter-modal Manta Manaos Axis, according to report by ANSA, the Italian news agency. The topic took up a large part of the meeting between the two leaders, which was adjourned early Friday morning in Manaos, the capital of the Brazilian state of Amazonas.

The Manta-Manaos axis consists of a group of communications systems that include land, river and air links with which the two nations seek to increase trade between them.

The first segment of the South Natural Gas Pipeline proposed by Venezuela would be reaching up to Manaos. Both Heads of State showed interest in the Bank of the South Project during the course of their talks.

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