Obiang Nguema Mbasogo Stresses Collaboration Between ACP Group and European Union

Sipopo, ideal place to host International Summits and Conferences

MALABO, Equatorial Guinea, Dec. 14, 2012 /PRNewswire-USNewswire/ -- Obiang Nguema Mbasogo, President of Equatorial Guinea and President of the 7th Summit for African, Caribbean and Pacific Heads of State and Government (ACP), stressed collaboration between the ACP nations and the European Union on the last day of the Malabo Summit.

In his closing remarks, President Obiang said ACP nations and the EU should collaborate and benefit from what each group has to offer. "We are able to help the European Union, our vast supply of raw materials can contribute to the rebuilding of European countries, by the same token, we expect their technology contribution to the ACP nations. Both groups have the need to collaborate with each other."

President Obiang continued to say, "The Malabo Summit confirmed the need of the ACP Group to become emergent countries. We have to work toward attaining international trade balance and promote internal socio-economic development to help the ACP Group with its international relations."

President Obiang officially closed the 7^th ACP Summit by highlighting the good relationship and collaboration that Malabo received from the ACP Group and assured Equatorial Guinea will continue to collaborate with the ACP nations.

The closing ceremony was followed by a press conference. When talking about Sipopo, President Obiang said, "Sipopo came from the idea of being able to host summits, conferences not just at the national but international level, from Africa and beyond. Sipopo is both a meeting place and a touristic center. This has been a very successful creation for our country."

About Equatorial Guinea
The Republic of Equatorial Guinea (Republica de Guinea Ecuatorial) is the only Spanish-speaking country in Africa, and one of the smallest nations on the continent. In the late-1990s, American companies helped discover the country's oil and natural gas resources, which only within the last five years began contributing to the global energy supply. Equatorial Guinea is now working to serve as a pillar of stability and security in its region of West Central Africa. The country hosted the 2011 Summit of the African Union. For more information, visit http://www.guineaecuatorialpress.com.

SOURCE Republic of Equatorial Guinea

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