Assessments

Argentina, Brazil and Paraguay have threatened to expel Venezuela from the trade bloc if Caracas does not follow its rules. 

According to Argentina, Brazil and Paraguay, Venezuela will be thrown out of the trade union altogether if it does not come into compliance with the organization's rules. But expelling Venezuela may not be as easy as its opponents suggest, especially since Venezuela has Uruguay's backing.

Venezuela's Mercosur Membership Is in Peril

Highlights

Argentina

Brazil

Paraguay

Uruguay

Venezuela

Economics

Politics

This year has been difficult for Venezuela, and it may soon become more difficult. On Aug. 5, the presidents of Brazil, Argentina and Paraguay met on the sidelines of the Summer Olympics' opening ceremony in Rio de Janeiro to discuss suspending Venezuela from the Mercosur trade bloc. The three leaders agreed to give Caracas until Aug. 12 to comply with the customs union's requirements for full membership before making their final decision.

ASSESSMENTS

Venezuela's Mercosur Membership Is in Peril

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