Venezuela works on trade regulations with Mercosur partners
Minister of Trade Edmée Betancourt elaborated on the establishment of a taskforce to deal with regulations and free trade, as well as the schemes to strengthen production
As part of Venezuela's incorporation into the Common Market of the South (Mercosur), a Venezuelan commission plans to visit Montevideo, the capital city of Uruguay, on August 11-17, to set the rules which will allow for trade among the Member States of the regional bloc.
Minister of Trade Edmée Betancourt elaborated on the establishment of a taskforce to deal with regulations and free trade, as well as the schemes to strengthen production.
The items laid down in the protocol of Venezuela's adhesion to Mercosur, after becoming a full member last July 31, include a schedule to adopt Mercosur current regulations, AVN reported.
Pursuant to the regulations, Venezuela ought to adopt a number of decisions, resolutions and guidelines gradually and within a four-year term from the entry into force of the current protocol, cited a notice from the Venezuelan-Spanish Chamber of Industry and Commerce.
It commented that, among others, a working team will be set up to agree on Mercosur Common Nomenclature (MCN) and the Common External Tariff (CXT).
José Vicente Rangel clearly said: "We are not conducting negotiations threatened with a gun in the head." He warned behind closed doors in the midst of the social upheaval occurred during the oil strike in 2002 and 2003. Dissenting Timoteo Zambrano answered back that no other option was available: "The thing is that otherwise, you do not negotiate."