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CARACAS, Tuesday October 27, 2009 | Update

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Brazilian businessmen support Venezuela's entry into Mercosur

Western Hemisphere
José Francisco Marcondes, the President of the Federation of Venezuelan-Brazilian Chambers of Commerce, said Tuesday that an eventual veto to the entry of Venezuela into the Common Market of the South (Mercosur) would be "a rejection to any regional integration project."

Integration "can not be seen from a political point of view, since it creates an unnecessary polarization" that harms the business climate, Marcondes said about the heated debates that have accompanied the proposal to allow the access of Venezuela into the bloc comprised by Argentina, Brazil, Uruguay and Paraguay.

The president of the Federation of Chambers of Commerce said that Venezuela's entry into the economic bloc would further enhance trade and investments.

He mentioned the case of Brazil, whose companies are developing infrastructure projects in Venezuela for a total of USD 15-20 billion," Efe reported.

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IISS: The FARC financed Chávez before 1999

10:07 AM. DIPLOMACY. Admired by the Colombian guerrilla after his coup attempt in 1992, the then lieutenant colonel Hugo Chávez Frías received financial support by the Colombian Revolutionary Armed Forces (FARC) for his projects after his capture that year. This mostly explains the relationship and "debt" between the parties, as revealed by a paper of the International Institute for Strategic Studies (IISS) of the United Kingdom.