
Paraguay is prepared to demand Mercosur co-members before the International Court of Justice at The Hague for what it describes as “violation of signed treaties” and sustained “international isolation” following the rejection of an appeal to have sanctions lifted.

Mercosur Standing Review Tribunal rejected Paraguay’s demand against its temporary suspension from the trade and integration group and the inclusion of Venezuela as a full member.

Paraguay will not be sanctioned by the Organization of American States, said the country’s ambassador on Friday following an informal meeting behind closed doors of OAS Permanent Council.

Venezuelan president Hugo Chavez said he had talked with his peer from Brazil Dilma Rousseff who confirmed the invitation to an extraordinary meeting of Mercosur next July 31 in Rio do Janeiro.

The European Union - Mercosur trade negotiations calendar has been delayed and its full resumption is expected to take place in September or soon after, reports the EU press office in Montevideo.

Mercosur full members Argentina, Brazil and Uruguay are insisting with their decision to sanction the Paraguayan government following the impeachment and removal of former president Fernando Lugo

The Caribbean countries that depend economically from Venezuela have become a “cruel lobby”, strongly pressing to have Paraguay sanctioned by the Organization of American States claims that country’s representative.

The removal of Fernando Lugo as president of Paraguay interrupted European Union/Mercosur discussions, which could resume following the April 2013 presidential elections said on Wednesday the European Parliament mission visiting Asunción.

Mercosur Review Standing Tribunal admitted the demand presented by the government of President Federico Franco against the suspension of Paraguay and thus object the incorporation of Venenzuela as full member of the regional block

Venezuelan president Hugo Chavez announced the creation of a strategic fund geared to support public and private exports to Mercosur, following his confirmation that he will fly to Brazil for the formal incorporation of his country as a full member of the block that also includes Argentina, Brazil, Uruguay and suspended Paraguay.