
The Paraguayan government declared “illegal” and “null and void” the inclusion of Venezuela as a full member of Mercosur which was agreed on Tuesday during the extraordinary meeting held in Brasilia with the absence of Paraguay.

Brazilian president DIlma Rousseff said that with the incorporation of Venezuela, Mercosur has become a global power in food and energy and becomes the fifth world economy with a GDP of 3.3tn dollars.

Argentine President Cristina Fernández said on Tuesday during a press conference held at the Mercosur extraordinary summit in Brasilia, that Venezuela’s entry to the bloc “strengthens the entire region” and creates a “new pole of power” at world level.

Following a full day of deliberations in Brasilia between Foreign Affairs ministers, the presidents from Brazil, Argentina and Uruguay, on Tuesday will formally receive Venezuela as the new full member of Mercosur, as was agreed at the regular mid year summit in Mendoza.

Uruguayan president Jose Mujica strongly defended the incorporation of Venezuela to Mercosur and forecasted that in a short time the country will become Uruguay’s third trade associate, behind China and Brazil.

Russian President Vladimir Putin has an ambitious plan to cut his country's 3 billion dollars annual import bill for beef. He even aspires to return Russia's beef industry to its pre-revolutionary stature.

Benjamin Hockin in the 2008 Beijing Olympics was part of the British team, now however he will be the standard-bearer for Paraguay in Friday’s London summer games opening and convinced he will receive an even greater support.

Venezuelan President met on Wednesday with a committee from the Brazilian government to discuss mechanisms to speed the full integration of the country to the regional block. Brazil currently holds the Mercosur rotating chair.

The suspension of Paraguay and the intent to incorporate Venezuela to Mercosur represent a threat to the regional integration process, said the Mercosur Federation of Rural Associations, Farm, currently meeting in Santiago de Chile.

Paraguayan ambassador Emilio Gimenez Franco presented last July 11 his credential letters to French president Francois Hollande, making him the country’s representative before Paris.