Peru President Alejandro Toledo late Monday rejected the possibility to suspend the Free Trade Agreement Lima initialed with the United States, the condition Venezuela has set to reconsider its decision to withdraw from the Andean Community of Nations (CAN.)

"I do understand that some countries do not need to open to new markets because they have strong revenues, such as oil revenues. But there are countries in Latin America that import oil, and they have an obligation to create jobs for their people. Everyone owns its destiny. What nobody should do is blackmailing and imposing his/her own views on other countries," Toledo said, as quoted by DPA.

Following a request from his Bolivian counterpart Evo Morales, Venezuelan President Hugo Chávez Monday said he would reconsider Venezuela withdrawal from CAN as long as Colombia and Peru reviewed their FTAs with the US.

"I do respect the Heads of State, but they should not lower the level of State to State relations. I hope Presidents Chávez and Morales to reflect. If they decide they are to leave the Community, they should speak clearly," Toledo added.