President Rafael Correa said that the determining factor for Ecuador to join as full member of Mercosur or the Alliance of the Pacific is the ‘flexibility’ granted in certain admission conditions, taking into account the fact that Ecuador does not have a national currency.
Paraguay is ready to return to Mercosur as long as there is respect the country’s dignity, but at the same time will look for other trade and cooperation opportunities with Mexico, United States and the Pacific Alliance, said the Paraguayan ambassador in Washington.
Brazilian Foreign minister Antonio Patriota downplayed the significance of the Alliance of the Pacific, the free trade agreement which includes Chile, Peru, Colombia and Mexico, arguing it is not a “real deep integration” as the one proposed by Mercosur.
Mercosur partners’ sanctions on Paraguay rather benefited than hindered the country, said President Federico Franco during a press conference in which he underlined the country had become more reliable and this was supported by a three fold increase in foreign investments.
President elect Horacio Cartes revealed in Spain that Paraguay is claiming the pro-tempore chair of Mercosur, argued that Venezuela is an ‘illegitimate’ member of the trade group and said Paraguay is en route to becoming full member of the Pacific Alliance.
Peruvian president Ollanta Humala said he favoured the incorporation of the United States as observer to the Alliance of the Pacific, a free trade, pro-business and open market group made up of Chile, Colombia, Mexico and Peru.
Vice-president and acting president Danilo Astori strongly defended the Uruguayan government’s intention of joining the Pacific Alliance, next to Chile, Colombia, Peru and Mexico, claiming that Mercosur has fallen into a state of ‘inactivity’ but also rejected point blank statements from Brazilian diplomacy contrary to such a move.
Mercosur must negotiate any possible incorporation to the Alliance of the Pacific “as a block” since it is important that its member countries remain ‘united’ and respect the current charter, said the Mercosur High Representative, Ambassador Ivan Ramalho from Brazil.
A meeting of leading world and regional business and finance corporations representatives is scheduled parallel to the Alliance of the Pacific presidential summit scheduled for this week in the Colombia city of Cali. According to the organizers the event has 250 CEO confirmed for the First Business meeting of the alliance.
Paraguay made public in Geneva its support for Mexico’s candidate Herminio Blanco as the next Director General of the World Trade Organization. The other hopeful who reached the final round is from Brazil, Roberto Azevedo. On Tuesday it should be known who will succeed the current head Pascal Lamy as of next September.