For the first time ever South American countries will jointly share and disclose data on their military expenditures, according to the Ecuadorian Ministry of Defence. It is anticipated that next March all member countries from Unasur (Union of South American Nations) will make public the information following on this year’s approval of a common methodology to measure Defence expenditure.
Ecuadorean Foreign Affairs minister Ricardo Patiño hailed the approval by the Colombian Senate of the Union of South American Nations, Unasur, charter which leaves the group one short of its legal constitution. The Uruguayan parliament is expected to follow suit in coming days.