Venezuela could be suspended from Mercosur
Venezuela should meet Mercosur’s membership requirements till December 1 or the country will be suspended from the trade bloc, Brazil said on Tuesday.
Brazil's Foreign Ministry said in a statement that ultimatum was meant to "preserve and strengthen Mercosur."
The ultimatum was contained in a statement from Mercosur founders Argentina, Brazil, Paraguay and Uruguay that was released by the Foreign Ministry of Paraguay, where the group has its headquarters.
The statement gave no details about the requirements that Venezuela had not met.
But for now Venezuela failed to incorporate a joint economic accord. There also were some suspicions over human rights protection and enacting a law guaranteeing free movement of Mercosur citizens.
Four original Mercosur members also blocked Venezuela from assuming the rotating presidency in June. Instead Mercosur will be presided over by a commission of one member each from the four founding states.
Venezuela has joined the bloc in 2012 and was given four years to meet all the membership requirements. But according to Brazilian diplomats the country has met about 30 percent of the requirements until late August.