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South American leaders refocus Mercosur trade bloc
Published in Saudi Press Agency on 19 - 01 - 2007


South American leaders
sought to refocus their fractured trade bloc on the needs
of the region's poor masses at a summit Thursday, while
Venezuelan President Hugo Chavez called for remaking
Mercosur to fit his vision of «21st century socialism.»
Brazilian President Luiz Inacio Lula da Silva, hosting the
two-day summit attended by all of the continent's leaders
except Peru's Alan Garcia, said it is time for the region
to map its own economic future to benefit South Americans
who live with little hope for the future, AP reported.
«Integration depends only on us. It doesn't depend on the
United States, Europe, Japan and China. It depends on our
courage and political competence,» Silva said.
With some 600 federal troops deployed around the city and
warships patrolling the waters in front of Rio's famed
Copacabana Palace Hotel, the presidents discussed Bolivia's
request for full member status in the trade bloc and
changes in customs rules to help Paraguay and Uruguay, the
bloc's two smallest economies.
Silva and Chavez signed a memo of intent for the state-rrtheastern Brazilian city of Recife.
A decision on whether to build the pipeline will only
occur after the study is completed in 2007. It would be
part of a much larger pipeline system Chavez is promoting
that could eventually link Venezuela's vast natural gas
fields to Argentina, Paraguay and Uruguay.


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