A new global order is emerging as a result of the world crisis and recession in developed countries and Latin America has a crucial role to play given its very satisfactory economic performance in recent years, said Unasur Secretary General Maria Emma Mejia.
The Union of South American Nations, UNASUR has frozen the project for a common currency and Central Bank following on conclusions from the European Union experience (and crisis), said the Argentine representative before the organization.
The Paraguayan Senate approved the Unasur, Union of South American Nations charter and treaty which were signed by the Executive in May 2008. The next step is in the Lower House which will then formalize Paraguay’s full membership of the group.
Argentina will be hosting on Thursday the first meeting of the South American Economy and Finance Council that will bring together Economy ministers and Central bank governors from members of Unasur, Union of South American Nations.
Brazil’s Lower House passed on Tuesday the charter-treaty marking the foundation of the Union of South American Nations, Unasur, and the half approved bill now goes to consideration of the Senate.
Uruguay and Brazil pledged Monday to continue strengthening the bilateral relation and regional integration through Mercosur and Unasur, after presidents Jose Mujica and Dilma Rousseff delegations signed fifteen cooperation agreements in Montevideo.
The Union of South American Nations, Unasur, has among the objectives of the recently created South American Defence Council protecting the natural resources of the region which include 25% of the world’s drinking water and proven oil reserves estimated in 123 billion barrels of oil.
Defence minister Arturo Puricelli denied Thursday that Argentina was obstructing the economy of the Malvinas Islands as claimed by Falklands’ governor Nigel Haywood in his state of the nation speech to the elected Legislative Assembly of the Islands.
Argentine President Cristina Fernandez de Kirchner praised the success of Unasur and forecasted that the South America Defence Council will be far more effective and robust than the previous experience with the TIAR, which “collapsed in 1982 during the Malvinas war”.
Uruguay ratified to visiting UK Foreign Minister for Latin America Jeremy Browne, Montevideo’s “continental solidarity” policy with Argentina regarding the Falklands/Malvinas dispute but also described relations with the UK as “extremely cordial”.