AIRLINK 205.81 Increased By ▲ 5.52 (2.76%)
BOP 10.24 Decreased By ▼ -0.25 (-2.38%)
CNERGY 7.06 Decreased By ▼ -0.15 (-2.08%)
FCCL 34.66 Decreased By ▼ -0.28 (-0.8%)
FFL 17.10 Decreased By ▼ -0.32 (-1.84%)
FLYNG 24.68 Decreased By ▼ -0.17 (-0.68%)
HUBC 131.18 Increased By ▲ 3.37 (2.64%)
HUMNL 13.98 Increased By ▲ 0.17 (1.23%)
KEL 4.91 Decreased By ▼ -0.09 (-1.8%)
KOSM 6.81 Decreased By ▼ -0.22 (-3.13%)
MLCF 44.34 Decreased By ▼ -0.28 (-0.63%)
OGDC 221.77 Decreased By ▼ -0.38 (-0.17%)
PACE 7.22 Decreased By ▼ -0.20 (-2.7%)
PAEL 42.69 Decreased By ▼ -0.11 (-0.26%)
PIAHCLA 17.13 Decreased By ▼ -0.26 (-1.5%)
PIBTL 8.42 Decreased By ▼ -0.09 (-1.06%)
POWER 9.09 Decreased By ▼ -0.06 (-0.66%)
PPL 190.86 Decreased By ▼ -1.87 (-0.97%)
PRL 43.49 Increased By ▲ 1.99 (4.8%)
PTC 24.79 Increased By ▲ 0.35 (1.43%)
SEARL 102.66 Increased By ▲ 1.39 (1.37%)
SILK 1.02 Decreased By ▼ -0.03 (-2.86%)
SSGC 42.74 Decreased By ▼ -1.13 (-2.58%)
SYM 18.40 Decreased By ▼ -0.36 (-1.92%)
TELE 9.26 Decreased By ▼ -0.28 (-2.94%)
TPLP 13.15 Increased By ▲ 0.07 (0.54%)
TRG 68.78 Increased By ▲ 2.59 (3.91%)
WAVESAPP 10.42 Decreased By ▼ -0.11 (-1.04%)
WTL 1.80 Increased By ▲ 0.02 (1.12%)
YOUW 4.00 Decreased By ▼ -0.04 (-0.99%)
BR100 12,034 Decreased By -5.6 (-0.05%)
BR30 36,777 Increased By 88.7 (0.24%)
KSE100 114,496 Decreased By -308.5 (-0.27%)
KSE30 36,003 Decreased By -99.2 (-0.27%)

Washington's most outspoken critics in Latin America held center stage at a Mercosur summit on Friday, giving a sharp leftward push to a meeting of South America's largest trade bloc.
Cuban President Fidel Castro made a rare international appearance to celebrate the incorporation of Cuba's close ally Venezuela into Mercosur and sign an expanded trade accord between Mercosur and Cuba, which has been under a US economic embargo for more than four decades. "This kind of integration has centuries-old enemies," Castro said in a thinly veiled reference to the United States.
The 79-year-old communist firebrand also praised staunch allies Venezuelan President Hugo Chavez and Bolivian President Evo Morales. Venezuela this month joined Argentina, Brazil, Paraguay and Uruguay as full members of Mercosur. Bolivia and Chile are associate members.
Hours after the meeting ended, Castro and Chavez rallied thousands of students and leftist political activists with speeches criticising US economic and foreign policy. More moderate leftist presidents like Brazil's Luiz Inacio Lula da Silva and Argentina's Nestor Kirchner did not attend the event.
Castro's visit highlighted the difference in vision among some South American leaders over Mercosur and its efforts to more closely link the region's economies. Chavez has called the group a counterweight to US free-trade deals and Washington's influence in the region. But others have resisted that approach. Chile, widely seen as Latin America's star economy, has its own trade deal with Washington.
"Chile will continue to work on this regional integration, but recognises that there is a long path ahead," Chilean President Michelle Bachelet told her colleagues.
Securing energy supplies was a top priority at the meeting in Cordoba, some 435 miles (700 km) north-west of Buenos Aires. Bolivia is negotiating higher prices for its natural gas exports to Brazil, and Argentina is discussing an imminent tax increase that will make its gas sales more costly for Chile.

Copyright Reuters, 2006

Comments

Comments are closed.