Wednesday, February 24, 2010

LatAm nations to create new non-US bloc

Source: PressTV§ionid=351020705

Latin American and Caribbean nations have agreed to launch a new regional body that will exclude the United States and Canada.

The new bloc will bring together some 32 nations in order to resolve regional issues and present a common position on global challenges.

The decision was made during the periodical Rio Group Summit at the resort town of Cancun, Mexico.

The new group will be an alternative to the Organization of American States (OAS), the main forum for regional affairs in the past 50 years.

The OAS has been criticized for pursuing US interests and its members have repeatedly failed to get along when it comes to economical policies and trade.

The White House has regarded the group cautiously saying it does not have any problems with it as long as it does not replace the Washington-based OAS.

Discussions about the group, which yet has to be named, are to be continued at summits in Venezuela and Chile in 2011 and 2012.

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