Venezuela loses Mercosur voting rights in December, announces Uruguay

Venezuela will continue as member of Mercosur but with no right to vote, since it has not fully incorporated all the group's rules and regulations as had been agreed, revealed Uruguay's foreign minister Rodolfo Nin Novoa on Friday in Montevideo. “For Uruguay what is going to happen in December is that Venezuela will cease to be a member with a vote, because it has not complied with what was agreed”, said Nin Novoa. Last 13 September the four founding members of Mercosur (Argentina, Brazil, Paraguay and Uruguay) agreed that Venezuela which was incorporated as full member with all rights in 2012, could not hold the chair of Mercosur since it had not ratified all the accords of the block. More…