Latin American and Caribbean Foreign Affairs ministers are meeting in Venezuela in anticipation of the presidential summit scheduled for July 5 in Caracas when a new regional integration organization is set to be born, the Community of Latin American and Caribbean states, CELAC.
Inter-region Latinamerican trade soared 24.6% to 133 billion US dollars during 2010 according to the latest report from ALADI (Latinamerican Integration Association) released Tuesday in Montevideo. This signals a significant recovery from the late 2008 financial crisis but still is short of that year’s record of 146 billion USD.