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Mercosur summit on December 21, Uruguay takes helm

Staff writer ▼ | November 5, 2015
Mercosur heads of state next summit is scheduled for December 21, in Asunción, Paraguay, the country currently holding the group's chair.
Mercosur   Paraguayan foreign minister Eladio Loizaga:
At the meeting the six-month rotating chair will be handed to Uruguay for the first half of 2016.

The announcement was done by Paraguayan foreign minister Eladio Loizaga following a meeting with the ambassadors from the group's member countries, Argentina, Brazil, Uruguay and Venezuela.

Mercosur is not going through one of its best periods, and since founded in 1991 as a customs union with the purpose of becoming a common market, has been submitted to the influence of policies tainted with ideology which have severely limited its trade and investment development objectives.

This was particularly serious when Paraguay was suspended back in 2012, and the situation helped the other members have Venezuela join as the fifth full member, by 'coming in through the window“, according to Paraguayan diplomatic sources.

During this last meeting to prepare the summit the diplomats addressed Mercosur willingness to advance in negotiations with the European Union for a much delayed (1999 trade and cooperation agreement, as well as strengthening Mercosur for the new scenario.