Brazil’s Lula Warmly Welcomes Chavez into the Mercosur Brotherhood

Brazzil Magazine covers

During the opening ceremony of the 29th Mercosur Summit in Montevideo, Uruguay, Brazilian President Luiz Inácio Lula da Silva said that the good relationship with the Andean Pact will facilitate Venezuela’s incorporation process into the Mercosur.

Lula complimented Venezuelan President, Hugo Chavez, for the country’s entry into the Mercosur as a full member. Venezuela has already participated in the bloc as an associate member since 2004. It is the first time the bloc accepts a full member since its creation in 1991.

According to Lula, one of Mercosur future challenges is to get closer to citizens. He also mentioned the need to improve the bloc’s institutions and to create mechanisms to enable investments and its productive integration.

The President cited the efforts of the Brazilian government to increase the involvement of the organized civil society in the bloc, and praised the "We are Mercosur" program, developed by Uruguay.

Lula also talked about advances in the project for the physical integration of the region. According to him, 43 projects are under development since 2003, and Brazil has approved more than US$ 2 billion for investments and warranties.

"Large part of this money will be applied in the Mercosur, in constructions such as the Mercosur Highway, the second bridge over River Paraná, and the São José Thermoelectric Plant, in Uruguay.

Agência Brasil

Tags:

You May Also Like

Brazzil Magazine covers

Brazil’s Lula Wants Urgent ‘Democratization’ of the UN

Brazilian President Luiz Inácio Lula da Silva said that the participation of developing countries ...

Brazzil Magazine covers

‘A Serious Country:’ Brazil Turns Investment Grade, Bonds Explode

Ibovespa, Brazil's stock exchange index, jumped to a record on Wednesday, April 30, after ...

Brazzil Magazine covers

Chevron Lied and Took 10 Days After Spill Before Doing Anything, Brazil Authorities Say

Brazil’s National Petroleum Agency (ANP) told reporters this Tuesday, November 22, that the Chevron’s ...

Brazzil Magazine covers

Brazil Says It Has Power to Spare Through 2009

The Brazilian government has invested US$ 6.21 billion (14 billion reais) in electric power ...

Brazzil Magazine covers

Lula’s Road Is Paved with Good Intentions

The action by Brazilian Finance Minister and Central Bank President is about the only ...

Brazzil Magazine covers

Brazil’s Market Loss: 20% This Week, 28% This Month, 44% This Year

After a rocky morning that sent stocks tumbling down over the 10% mark, which ...