|
share
|
MERCOSUR | Mercosur is Chávez strategic bloc

Venezuela to debut in Mercosur

Upon Venezuela's full incorporation into the Common Market of the South, Caracas will reinforce its position in the region and appear as the world and economic "power" that President Hugo Chávez trumpeted during the presidential race where he was reelected for the third time

Venezuelan entrepreneurs are worried about tariff adjustments to comply with Mercosur's regulations (Photo: Reuters)
EL UNIVERSAL
Monday December 03, 2012  02:08 PM
Amidst a set of regulations and after its controversial incorporation into the bloc due to the temporary suspension of Paraguay, Venezuela's debut in the Common Market of the South (Mercosur) has finally arrived. The country's entry into the group is strategically important for Venezuelan President Hugo Chávez.

The Venezuelan leader's dream took six years to become true. Next Friday, Venezuela will no longer be an associated member and become a full member of the southern organization, which will be holding its next presidential summit in Brasilia, EFE cited.

Although Chávez's attendance to the summit has not been confirmed, Mercosur's upcoming summit will draw the line between the past and the future.

The summit also implies the return of Venezuela to a regional economic integration system after the country's final withdrawal from the Andean Community (CAN) in 2011 due to an impasse in 2006 with Peru and Colombia, which were negotiating bilateral Free Trade Agreements with the US.

Meanwhile, local entrepreneurs are worried about the fact that in four years the country shall adopt Mercosur's set of regulations and eliminate tariffs of other trade partners.

Venezuela's tariff adjustment to comply with Mercosur's regulations may begin by adopting the bloc's nomenclature, which may be completed by the end of the year. The adoption of the common external tariff (roughly 10%) would follow.

Upon Venezuela's full incorporation into Mercosur, the Venezuelan Government will reinforce its position in the region and appear as the world and economic "power" that president Hugo Chávez trumpeted during the run-up to the presidential election, where he resulted reelected for the third time.   

Translated by Jhean Cabrera
|
share
|
ADVERTISING SPACE
Dossier
Living with HIV/AIDS (II)

At first she agreed that I use her real name, that she had no problems with that at all. After all, living with HIV had driven her to help others – as a workshop facilitator giving talks and conducting seminars, or as a volunteer for local AIDS Service Organizations like Acción Solidaria (Solidary Action) and Mujeres Unidas por la Salud (Women United for Health, or Musa), a support group network for HIV-positive women. But when we were well into the interview, the realization that she might lose her private health insurance coverage made her change her mind.

fotter clasificados.eluniversal.com Estampas
Alianzas
fotter clasificados.eluniversal.com Estampas
cerrar