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Judi Lynn

(160,450 posts)
Wed Dec 18, 2013, 02:35 PM Dec 2013

Venezuela fully joins trade bloc Mercosur with Paraguay vote

Venezuela fully joins trade bloc Mercosur with Paraguay vote
By Daniela Desantis
ASUNCION Wed Dec 18, 2013 5:14pm GMT

(Reuters) - Paraguay's Congress on Wednesday approved Venezuela's entry into the South American trade bloc Mercosur, shoring up relations among member nations ahead of free-trade talks with Europe early next year.

The lower house's vote to allow Venezuela into Mercosur follows a similar vote by the Senate last week and lifts the last obstacle to the Caribbean oil producer's full integration.

Venezuela was accepted to Mercosur last year while Paraguay was suspended because of the impeachment of leftist President Fernando Lugo - a move considered anti-democratic by the bloc that also includes Brazil, Argentina and Uruguay.

Mercosur allowed Paraguay to rejoin after Horacio Cartes was elected president in August, but he insisted Congress give its official blessing to Venezuela's membership before rejoining - part of a bid to smooth out the diplomatic rift in the group.

More:
http://uk.reuters.com/article/2013/12/18/uk-paraguay-mercosur-venezuela-idUKBRE9BH0X820131218?rpc=401&feedType=RSS&feedName=worldNews&rpc=401

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