
The Bolivian government has increased its military budget by more than 120% during the last decade, increasing 64% during President Evo Morales five years in office, according to a report compiled by Bolivian journalist, Ruy D’Alencar Delgado, published in El Deber newspaper.

Brazilian president Lula de Silva strongly defended Mercosur calling for a quick approval of Venezuela’s incorporation as full member, and proposed other associate members such Bolivia, Chile, Colombia, Ecuador and Chile should follow the same path since ‘we share the same political, economic and cultural affinities’.

Paraguayan senators reiterated that given certain conditions and political agreements they are prepared to vote for Venezuela’s incorporation to Mercosur as full member.

Ecuador, Paraguay and Peru are expected to recognize the state of Palestine with its borders prior to 1967, following the recent announcements from Brazil, Argentina, Uruguay and last week Bolivia, according to Palestine sources.

Uruguayan president Jose Mujica called on the Mercosur summit for a quick incorporation of Venezuela as full member of the group and said it was time the rest of Latin America moved closer to the integration process.

Argentine president Cristina Fernandez de Kirchner underlined the significance of Venezuela as a full member of Mercosur which should enable the group to consolidate an energy front.

Conditions are ready to reach in the short term a trade agreement with the European Union, said Paraguayan president Fernando Lugo whose country, and for the next six months, holds the pro tempore chair of the South American block.

Member nations of Mercosur will seek to boost economic and political ties with Cuba in a bid to make the island an associate member of the trade bloc.

The Mercosur summit approved Thursday a declaration protesting “formally and energetically” UK’s decision to hold military exercises in the Malvinas islands and reiterated support for Argentina’s sovereignty claim over the South Atlantic Islands.

Mercosur leaders meeting in Brazil launched a plan to adopt common trade, investment and immigration policies to help underpin unprecedented economic growth in the region.