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Montevideo, May 23rd 2017 - 01:22 UTC

Brazil and Argentina to work together to help find a solution to Venezuela

Tuesday, May 24th 2016 - 08:18 UTC
Full article 8 comments
“We're on alert when it comes to Venezuela. Brazil and Argentina have an interest that includes mediation,” Brazilian Foreign Minister Jose Serra said “We're on alert when it comes to Venezuela. Brazil and Argentina have an interest that includes mediation,” Brazilian Foreign Minister Jose Serra said

Brazil and Argentina will work together to help find a solution to Venezuela's political crisis, Brazil's acting foreign minister said on Monday. Venezuela is facing a severe economic crisis, with the world's highest inflation and shortages. Polls indicate most Venezuelans want President Nicolas Maduro out of office.

 “We're on alert when it comes to Venezuela. Brazil and Argentina have an interest that includes mediation,” Brazilian Foreign Minister Jose Serra said at a news conference after meeting with Argentine President Mauricio Macri in Buenos Aires.

It was Serra's first official trip since being appointed after Brazilian President Dilma Rousseff was suspended pending an impeachment trial.

“Venezuela is facing a critical situation,” Serra said. “We want to find a path toward reconciliation.”

Brazil also has been facing a political crisis as well as rising inflation and lower prices and waning demand for exports of its commodities.

Economic ties between Brazil and Argentina, the continent's two largest economies, have been hit by Brazil's worst recession in decades. The GDP of Argentina's top trading partner shrank 3.8% last year and Argentine exports to Brazil plunged.

Both countries agreed Monday to search for mechanisms that can help secure trade deals independently rather than through the Mercosur trade bloc as they had been doing.

“This doesn't mean that other countries can't do the same,” Serra said. “Sometimes you can begin something, open the possibility so others can soon follow.”

Mercosur's members include Argentina, Brazil, Paraguay, Uruguay and Venezuela. The latter became a full member of the South American bloc in 2012 in an effort to link the region's most powerful agricultural and energy markets

Top Comments

Disclaimer & comment rules
  • Mendoza Canadian

    MadNiky had to go. Period. Meanwhile, this Monday tire manufacturer Bridgestone announced it was selling its business in Venezuela after six decades in the country.
    The shares of the company in the country will be sold to Corimon Group.
    Other multinational companies such as Ford, Procter & Gamble and Halliburton have decreased or abandoned operations in the country.

    May 24th, 2016 - 12:23 pm 0
  • chronic

    Three sad loser banana republics.

    May 24th, 2016 - 04:46 pm 0
  • Enrique Massot

    Now we'll have seen it all!
    The two new Latin American U.S. puppets offering help to“solve” the Venezuelan crisis?
    Restoration of the old order would be a more accurate description of this disingenuous attempt.

    May 24th, 2016 - 05:45 pm 0
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