Thursday, December 01, 2016

Venezuela likely to be suspended from Mercosur - Brazilian sources

Venezuela will likely be suspended from the Mercosur regional trade bloc this week for failing to meet membership requirements, three Brazilian government sources said on Thursday, in another blow to Caracas amid a deep political and economic crisis.

Venezuela had until Dec. 1 to meet requirements that included economic, human rights and immigration accords governing the group made up of Argentina, Paraguay, Uruguay and regional diplomatic heavyweight Brazil.

"Venezuela has not adopted all the membership rules and treaties it had promised," said one official directly involved in the decision ....