Chávez: Celac will gradually uproot the old, worn OAS
"Celac is born with a new spirit; is a platform for people s economic, political and social development, which is very different from OAS," said the Venezuelan president
Venezuelan President Hugo Chávez said Thursday that as the years go by the Community of Latin American and Caribbean States will uproot the old, worn Organization of American Status (OAS).
"As the years pass, Celac will leave behind the old OAS," Chávez told reporters.
He added that, contrary to the OAS, Celac is a weapon for integration.
"OAS has adopted a new setup. However, it is a toothless, old body. It has been eroded by time. OAS is far from the spirit of our peoples and integration in Latin America. Celac is born with a new spirit; it is a platform for people's economic, political and social development, which is very different from OAS," Chávez noted.
Following a wave of nationalizations carried out by the late President Hugo Chavez between 2007 and 2012, Venezuela has become the second most frequent respondent to investment treaty arbitration in the world (38 cases in total), after Argentina.