Argentina , Paraguay , Brazil , Venezuela and Uruguay

Mercosur gives Venezuela ultimatum

Bnamericas Published: Wednesday, September 14, 2016
Mercosur gives Venezuela ultimatum

In what appears to be an escalating row over the rotating presidency of Mercosur, the four founding nations of the South American trading bloc announced an ultimatum late Tuesday, giving Venezuela until December 1 to meet the requirements set forth when the nation joined in 2012.

The statement released by original members Argentina, Brazil, Paraguay and Uruguay did not detail the requirements that Venezuela has failed to meet. But a report from Argentine daily La Nación states that Venezuela only met 30% of the bloc's requirements when it joined and that it would need to pass some 300 laws and 40 international treaties to comply with the December ultimatum.

Paraguay foreign minister Eladio Loizaga recently said that Venezuela would need to pass legislation on the protection of human rights and the Mercosur residency agreement, which allows for the free movement of people. The Maduro administration rejected that call and what it called lies and illegal maneuvers from the pro-business governments of Paraguayan President Horacio Cartes, Argentine President Mauricio Macri and Brazilian President Michel Temer.

The tension with Venezuela began shortly after Uruguay stepped down from the group's rotating presidency on July 29 and Maduro claimed it for his country, as the presidency rotates by alphabetical order of the nations. But all Mercosur members except for Uruguay blocked Venezuela from assuming the presidency.

Brazilian foreign minister Jose Serra said on Twitter that the four fouding nations have agreed that Venezuela will not lead the bloc, which will be presided over by a commission consisting of one member from each of the four original nations.

Venezuelan foreign minister Delcy Rodríguez also took to Twitter on Wednesday to state that Venezuela, "as acting president of Mercosur," rejected the statement from the founding nations.

Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.

Subscribe to Latin America’s most trusted business intelligence platform.

Other projects in: Infrastructure

Get critical information about thousands of Infrastructure projects in Latin America: what stages they're in, capex, related companies, contacts and more.

  • Project: Dominga
  • Current stage: Blurred
  • Updated: 2 weeks ago

Other companies in: Infrastructure (Venezuela)

Get critical information about thousands of Infrastructure companies in Latin America: their projects, contacts, shareholders, related news and more.

  • Company: Sinohydro Venezuela CA  (Sinohydro Venezuela)
  • Sinohydro Venezuela C.A., the Venezuelan subsidiary of Chinese state multinational Sinohydro, is engaged in the construction of energy generation infrastructure projects. It beg...