
President Cristina Fernández took to her Twitter account to say that “the fundamental goal in the unity of the region must be to make sure that the global crisis has the less kind of possible impact in the development of our nations.”

The Paraguayan government named a special committee of military, police and diplomatic officials to help avoid possible incidents of violence when the fact-finding delegation from the Organization of American States, arrives in Asuncion.

Brazilian businessman Rubens Barbosa, head of the foreign trade council of the Sao Paolo Federation of businessmen said on Sunday that in the last six months, the Argentine presidency of the bloc implemented measures that practically killed the Mercosur.
“Argentina will be responsible for the end of Mercosur,” he predicted.

Mercosur high representative Samuel Pinheiro Guimaraes resigned because of “political reasons”, following the presentation of a report warning on the future of the regional block in the framework of the international crisis.

Paraguay’s government blasted Mercosur decision of incorporating Venezuela as a full member of the bloc before finishing the legislative procedure to do so and did not discard the possibility of having the Paraguayan people “decide whether to remain or not in Mercosur”.

Mercosur rejected an Argentine proposal to raise imports tariffs on all goods from outer zone to protect local industries, but accepted Brazil’s initiative to raise tariffs unilaterally on 200 goods, up from 100 agreed last December.

Mercosur agreed at the Mendoza summit to exchange information on ships and other “naval artefacts” involved in hydrocarbons activities with routes that include the Falklands/Malvinas Islands over which Argentina claims sovereignty.

President Federico Franco announced in a press conference that if Paraguay is suspended from Mercosur the country will feel free to look for other trade agreements and international relations.

Mercosur Secretary General Samuel Pinheiro Guimaraes resigned to his post in the midst of the Mendoza summit following a strong exchange with the group of Foreign Ministers, indicated reports from Buenos Aires.

Argentina, Brazil and Uruguay made official on Friday the temporary suspension of Paraguay from Mercosur, because of the ‘summary’ removal of President Fernando Lugo and at the same time announced Venezuela will be incorporated to the group on July 31 at a meeting in Rio do Janeiro.