Venezuela's Woes Draw Neighbors' Ire as Trade Leadership Hangs in Balance

Venezuela's Woes Draw Neighbors' Ire as Trade Leadership Hangs in BalanceLeadership of South America’s largest trading bloc is in question, as the country meant to assume MERCOSUR’s rotating presidency has apparently failed to meet legal and human rights standards required for membership. Opposition from three countries to Venezuela assuming the helm of South America’s largest trading bloc by GDP, may represent growing resentment of Venezuela’s left-leaning regime by other South American countries according to experts. Venezuela had failed to meet Friday’s deadline to meet the membership requirements set forth when it joined MERCOSUR in 2006, according to a statement on the Brazilian foreign ministry’s website.

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