Latin America's largest trade bloc, the Common Market of the
South (Mercosur), opened its 30th summit on Thursday in the
surprise presence of Cuban leader Fidel Castro. Oil-rich Venezuela
is expected to be declared a full member.
The rare guest appearance of Castro, whose trip to Argentina was
announced only after he had boarded the plane, immediately became
headlines in media reports. The Cuban leader was also expected to
start an official visit to Argentina after the summit, held in
Argentina's second largest city in the Andes foothills.
The two-day meeting will also declare Venezuela as a formal
Mercosur member. The world's fifth oil exporter won accession to
the bloc on July 5. Its participation will significantly enhance
the economic clout of the group, which also has Argentina, Brazil,
Paraguay and Uruguay as full members, and Bolivia, Chile, Peru,
Colombia, Ecuador as associate members.
After introducing Venezuela, Mercosur will have more than 250
million people and a gross regional product of US$300 billion.
Venezuelan President Hugo Chavez has said that his country will
be better off in Mercosur. Under the membership agreement,
Venezuela will have free access to Argentine and Brazilian markets
in 2010, to those of Uruguay and Paraguay in 2013, and will open
its own markets by 2012.
Chavez attended the summit with the presidents of Mercosur's
first members -- Argentina's Nestor Kirchner, Brazil's Luiz
InacioLula da Silva, Praguay's Nicanor Duarte and Uruguay's Tabare
Vazquez.
Chilean President Michelle and Bolivian President Evo Morales,
leaders of the two Mercosur associate members, also attended the
summit.
High on the agenda of the summit are also regional energy
cooperation, tariff policies talks, and the idea of setting up a
regional development bank.
How to eliminate imbalances among member states is also another
important topic for the meeting. Uruguay and Paraguay are expected
to propose adjusting some of the trade bloc's regulations to allow
member states to forge free trade agreements with non-Mercosur
countries, reports said.
(Xinhua News Agency July 21, 2006)
