British Prime Minister Gordon Brown and Brazil's President Luiz Inacio Lula da Silva on Thursday proposed to create a US$100-billion global fund to spur on trade.

"It is absolutely vital, if we are to move forward from this recession," said Brown.

Hundreds of companies around the world could not do trade due to the depression in credit market, he said.

"We have got to get investments flowing again, and above all the flow of trade," said Lula.

They planned to present the fund proposal in the upcoming G20 Summit in London on April 2.

Lula and Brown, who met on Thursday in Brazil's capital city Brasilia, also agreed on reforming some of the international organizations, such as the International Monetary Fund (IMF) and the World Bank.

In a joint statement, Lula and Brown criticized the protectionist measures taken by some countries.

Though the protectionism may seem to solve the problem in a short term, it would eventually lead to depression, said Lula.

Additionally, the two leaders stressed the urgency to resume the World Trade Organization's (WTO) Doha round talks.

(Xinhua News Agency March 27, 2009)