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Venezuela


"To change Mercosur, you need to join first"
Venezuelan President Hugo Chávez has to enter the Common Market of the South (Mercosur) as a full member first, before starting to make reforms, as he has hinted he intends to do, said Brazilian Minister of Foreign Affairs Celso Amorim in an interview daily newspaper Folha de Sao Paulo published on Sunday.
Venezuela opposes free trade agreement between CAN and European Union
Chavez warns CAN to reject a free-trade agreement with the European Union (EU) as unacceptable in the present circumstances. The Bolivian President has told Chavez that he agrees and cannot accept the free-trade agreement with the EU.
US Congressman: Bush wants FTA with Colombia to curb Chávez
Charles Rangel, a Democratic member of the US House of Representatives, accused Thursday the government of US President George W. Bush of pressing the Congress to pass a Free Trade Agreement (FTA) with Colombia in order to counter Venezuelan President Hugo Chávez.
Mercosur trade bloc in limbo
South America’s 15-year-old Mercosur trade bloc — made up of Brazil, Argentina, Uruguay, Paraguay and Venezuela — recently inaugurated a European Union-styled regional parliament here amid hopes by many Uruguayans that this capital will become ``the Brussels of South America.’’
Chávez attempts new current of economic integration
Venezuelan President Hugo Chávez’ call upon the members of the Bolivarian Alternative for the Americas (ALBA) to organize a "federation of republics" rings a bell in socialist processes, as this is one of the tools socialist leaders in the world contemporary history have used.
First meeting of ALBA ministers concludes in Venezuela
The countries that make up the Bolivarian Alternative for the Americas (ALBA) trade block met in Venezuela this Wednesday for a meeting of the ALBA Ministers. The meeting set forth some of the future integration projects, the organizational structure, and the countries agreed on the formation of an ALBA development bank.
Cuba and Venezuela review ALBA progress
Cuba and Venezuela praised the broadening of the Bolivarian Alternative for the Americas (ALBA) and the progress stemming from the recent fifth summit of its members (Venezuela, Cuba, Bolivia and Nicaragua) and guest nations.
Latin leftists mull quitting World Bank arbitrator
Bolivia and Venezuela, both nationalizing huge swathes of their economies, should quit a World Bank body that arbitrates between foreign investors and states, Bolivia’s president said on Sunday.
"Cuba is not with OAS and is not dead"
The 5th summit of the Bolivarian Alternative for the Americas (ALBA) ended with a flexible energy agreement and withdrawal from the International Centre for Settlement of Investment Disputes (ICSID)
Chavez urges Jamaica to join FTAA ’alternative’
Venezuelan President Hugo Chavez has urged Jamaica to join the Bolivarian Alternative for the Americas (ALBA) - widely viewed as a counter to the US-sponsored Free Trade Area of the Americas (FTAA).
Chavez, Morales, Correa bypass US in deals with Iran, China
Presidents including Ecuador’s Rafael Correa, Venezuela’s Hugo Chavez and Bolivia’s Evo Morales are bypassing the US in reaching trade accords and strengthening diplomatic and commercial ties with nations that compete with, or are hostile toward, US interests.
Congress okays Venezuelan-Nicaraguan cooperation agreement
Venezuela’s National Assembly approved Thursday a framework agreement on cooperation between Venezuela and Nicaragua with a view to the Bolivarian Alternative for the Americas (Alba).
Chavez move piles on legal, insurance risks for US companies
Unlike Paris-based Total SA or London-based BP Plc, Exxon Mobil Corp. and other US companies aren’t protected by any bilateral investment treaty with Venezuela.
ALBA: Venezuela’s answer to free trade
The Bolivarian Alternative for the Americas (ALBA) represents the first attempt at regional integration that is not based primarily on trade liberalization but on a new vision of social welfare and equity. This report provides a detailed account, and a critical assessment, of the ALBA project to date.
Cuba, Venezuela use Mercosur to promote ALBA
Rather than being a “blow” to the ALBA project, Venezuela’s entry into Mercosur is clearly aimed at defending and promoting this anti-capitalist project.
Uruguay at center of lively US-Venezuela chess game
Long taken for granted by its much larger neighbors, Uruguay suddenly finds itself one of the main fronts in the struggle between the United States and Venezuela for dominance in South America. Washington is offering a free-trade agreement that would pull Uruguay into the United States’ orbit and weaken Mercosur, the regional trade group to which Uruguay and Venezuela belong. Mr. Chávez has countered with attention-getting investments, subsidized oil, acts of charity and a growing alliance with left-wing factions of the ruling Broad Front.
US trade sanctions seek to pressure Latin America
The US government’s announcement that it will review the possibility of limiting, suspending, or withdrawing trade preferences under the General System of Preferences (GSP) to three Latin American countries—Argentina, Brazil, and Venezuela—is political pressure to make these nations participate in the model of regional integration proposed by the United States.
Defining the Bolivarian Alternative for the Americas - ALBA
Much has been written and theorized about the Bolivarian Alternative for the Americas (ALBA) since President Chavez first proposed the idea at Isla Margarita at the III Summit of the Heads of State and the Government of the Association of Caribbean States in December, 2001.
Has Mercosur gone bananas?
While the world was focused on the tragic events taking place in Lebanon and northern Israel, something very disturbing happened in South America last week. The trading bloc known as Mercosur (the South American common market), at its summit meeting in the Argentine city of Cordoba, formally supported Venezuela’s bid for one of the two Latin American seats on the United Nations Security Council.
Vannessa Arbitration Update
Vannessa Ventures Ltd. (the "Company") has an arbitral claim being heard in accordance with the rules of the International Centre for Settlement of Investment Disputes (ICSID) in Washington, D.C. where Vannessa is requesting remedies under the Bilateral Investment Treaty between Venezuela and Canada.