Expert: Entry of Venezuela into Mercosur should be properly managed
Oil is pivotal to achieve integration within the bloc
During the international conference entitled "Venezuela into Mercosur," an event organized by the Venezuelan Council on Foreign Affairs (Covri) and the Higher Institute for International and Diplomatic Studies, the specialist remarked that Venezuela "cannot erect an isolating wall," because said integration is positive. Parcarelli also expressed the need for negotiating longer terms so as to allow the Venezuelan products to be competitive vis-à-vis the ones of other Mercosur member countries.
Meanwhile, Rafael Quirós, a petroleum consultant for the Central Bank of Venezuela and a professor at the UCV, said, "there is no other commodity as important as oil for bolstering and encouraging integration. Everything is related to oil, especially in a region where everything starts and ends in a barrel. "Oil is the main ingredient of integration."
Translated by Jhean Cabrera
Cristian Fonseca, a businessman in La Candelaria district downtown Caracas, was doing the accounts in his small shop office on Sunday December 21, 2008. The Christmas shopping season kept him working late hours into the night. It was around 11 p.m. and his phone rang. A friend broke the bad news to him over the telephone.