Brazil: Venezuela Joins Mercosul

Post on August 18, 2012, 1:34 pm by admin 1 Comments

Despite huge disagreement and controversy among Mercosul members, President Hugo Chávez met with the leaders of Brazil, Argentina and Uruguay in Brasília Tuesday to formalize Venezuela’s entrance to Mercosul – six years after the oil-rich Caribbean nation’s first attempt to join the trade bloc. The decision to let in Venezuela was taken, controversially, without Paraguay’s approval during that country’s suspension for Former President Fernando Lugo’s impeachment.  For those of you keeping score at home, it’s Mercosur in Spanish, and Mercosul in Portuguese.

Read Lucy Jordan, Contributing Reporter The Rio Times article here:

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Filed Under: Business in Brazil

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