IBOV 172,758.89 ▼ 0.35% IPSA 10,877.68 ▼ 0.18% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,281,489 ▲ 1.79% COLCAP 2,309.56 ▲ 0.49% BVL PERÚ 56,620.35 — — USD/BRL5.08▼ 0.26% USD/MXN17.40▼ 0.19% USD/CLP932.22▼ 0.24% USD/COP3,232▼ 1.12% USD/PEN3.40▲ 0.16% USD/ARS1,478▼ 0.24% USD/UYU40.11▲ 1.23% USD/PYG6,045▲ 1.76% USD/BOB10.80▲ 2.69% USD/DOP58.02▲ 0.31% USD/CRC446.12▲ 1.15% USD/GTQ7.62▲ 2.33% USD/HNL26.74▲ 1.61% USD/NIO36.62▲ 0.84% USD/VES735.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.79▲ 0.73% USD/TTD6.73▲ 1.11% EUR/BRL5.79▼ 1.07% BRENT 91.54 ▲ 2.60% WTI 84.60 ▲ 1.65% IRON ORE 161.91 — — COPPER 6.53 ▲ 3.67% GOLD 4,075 ▲ 1.61% SILVER 59.34 ▲ 4.47% SOY 1,219 ▼ 0.61% CORN 472.50 ▲ 5.12% WHEAT 668.75 ▼ 0.78% COFFEE 326.10 ▼ 2.48% SUGAR 14.84 ▲ 0.13% ORANGE JUICE 147.95 ▲ 0.37% COTTON 79.51 ▲ 2.77% COCOA 5,627 ▲ 1.94% BEEF 222.08 ▼ 1.96% CATTLE 343.50 ▼ 2.41% LITHIUM 69.16 ▲ 3.35% PETR4 41.50 ▲ 0.85% VALE3 71.92 ▼ 0.01% ITUB4 42.23 ▼ 0.17% BBDC4 18.42 ▲ 0.05% ABEV3 15.75 ▼ 0.25% BBAS3 20.21 ▲ 0.20% B3SA3 14.98 ▼ 1.83% WEGE3 42.72 ▼ 0.95% PRIO3 58.87 ▲ 2.05% SUZB3 41.76 ▼ 0.31% RENT3 36.68 ▼ 2.16% AZZA3 17.58 ▼ 3.25% CSAN3 3.72 ▼ 2.62% RAIZ4 0.27 — 0.00% PCAR3 2.68 ▲ 3.08% GMAT3 3.80 ▼ 1.30% PSSA3 53.19 ▼ 1.86% CVCB3 1.14 ▲ 5.56% POSI3 3.75 ▲ 1.35% SLCE3 13.67 ▲ 0.74% NATU3 8.66 ▲ 0.35% BRKM5 5.95 ▲ 0.17% RANI3 7.86 ▼ 1.63% CSNA3 5.11 ▲ 0.79% CMIN3 5.50 ▲ 2.04% USIM5 8.28 ▲ 1.47% GGBR4 23.59 ▼ 0.13% ENEV3 25.16 ▼ 1.91% CPFE3 46.14 ▼ 0.39% CMIG4 10.96 ▼ 0.54% EQTL3 38.53 ▼ 1.93% LREN3 13.12 ▼ 1.43% VIVT3 35.44 ▼ 0.64% RAIL3 13.29 ▼ 2.06% KLABIN 17.40 ▼ 0.46% RAIA DROGASIL 18.39 ▼ 1.61% RDOR3 33.89 ▼ 4.40% HAPV3 11.30 ▼ 2.16% FLRY3 16.37 ▼ 1.15% SMTO3 15.34 ▼ 0.45% UGPA3 31.21 ▼ 1.55% VBBR3 33.03 ▼ 3.17% BBSE3 41.10 ▲ 0.12% BPAC11 55.41 ▼ 0.77% CURY3 29.56 ▼ 2.09% AERI3 2.02 ▼ 2.42% VIVARA 21.59 ▼ 1.68% COMPASS 24.31 ▼ 1.18% VAMOS 3.09 — 0.00% SANB11 27.45 ▲ 1.63% ASAI3 8.13 ▼ 0.12% SBSP3 28.31 ▼ 2.31% WALMEX 49.36 ▼ 0.04% GMEXICO 204.21 ▲ 1.68% FEMSA 226.86 ▼ 0.05% CEMEX 22.04 ▲ 0.73% GFNORTE 182.02 ▲ 1.12% BIMBO 59.33 ▼ 0.29% TELEVISA 9.82 ▲ 1.13% AMX 22.77 ▲ 0.13% GAP 376.91 ▼ 0.34% ASUR 271.16 ▼ 1.17% OMA 224.94 ▼ 0.66% KOF 180.71 ▼ 0.06% GRUMA 288.17 ▲ 0.20% KIMBER 38.10 ▼ 0.76% SQM-B 63,950 ▲ 1.31% COPEC 6,364 ▲ 2.65% BSANTANDER 78.51 ▲ 3.18% FALABELLA 5,839 ▼ 0.61% ENELAM 84.42 ▲ 0.37% CENCOSUD 2,005 ▲ 0.51% CMPC 1,089 ▲ 2.11% BANCO CHILE 189.96 ▲ 1.86% LATAM AIR 24.41 — 0.00% YPF 80,700 ▲ 1.89% GGAL 7,965 ▲ 1.53% PAMPA 5,485 ▲ 4.08% TXAR 670.00 ▼ 0.07% ALUAR 967.50 ▲ 0.83% TGS 9,565 ▲ 0.68% CEPU 2,330 ▲ 1.79% MIRGOR 16,725 ▼ 2.34% COME 43.26 ▲ 0.72% LOMA NEGRA 3,630 ▲ 1.61% BYMA 292.25 ▼ 0.51% TELECOM ARG 4,180 ▲ 0.84% ECOPETROL 16.50 ▲ 2.93% BANCOLOMBIA 81.70 ▲ 1.08% GRUPO AVAL 4.99 ▲ 0.81% CREDICORP 392.71 ▲ 1.51% SOUTHERN COPPER 182.87 ▲ 4.46% BUENAVENTURA 30.85 ▲ 2.63% MERCADOLIBRE 1,800 ▼ 1.78% NUBANK 14.11 ▲ 0.86% XP 16.45 ▼ 2.08% PAGSEGURO 9.24 ▼ 0.59% STONE 10.92 ▼ 1.84% GLOBANT 32.35 ▲ 0.17% TECNOGLASS 45.22 ▼ 1.93% GAP AIRPORT 216.32 ▼ 0.37% ASUR 271.16 ▼ 1.17% OMA AIRPORT 103.45 ▼ 0.54% AMX ADR 26.11 ▲ 0.02% FEMSA ADR 130.32 ▲ 0.24% CEMEX ADR 12.63 ▲ 1.12% PETROBRAS ADR 18.43 ▲ 1.29% VALE ADR 14.12 ▲ 0.11% ITAU ADR 8.32 — 0.00% SANTANDER BR 5.41 ▲ 0.74% AMBEV ADR 3.09 ▲ 0.32% CSN 1.02 ▲ 0.50% GERDAU 4.68 ▼ 0.11% LATAM ADR 52.36 ▲ 1.20% BTC 66,710 ▲ 2.27% ETH 1,929 ▲ 1.31% SOL 78.00 ▲ 0.27% XRP 1.15 ▲ 3.49% BNB 575.31 ▲ 0.80% ADA 0.18 ▲ 3.48% DOGE 0.07 ▲ 1.55% AVAX 6.60 ▲ 0.36% LINK 8.68 ▲ 1.12% DOT 0.86 ▲ 3.74% LTC 47.86 ▲ 1.10% BCH 224.90 ▲ 2.27% TRX 0.33 ▲ 0.63% XLM 0.19 ▲ 3.00% HBAR 0.07 ▲ 2.81% NEAR 1.97 ▼ 0.64% ATOM 1.50 ▲ 0.13% AAVE 94.79 ▲ 5.59% SELIC 14.25% EMBRAER 82.12 ▼ 1.40% EMBRAER ADR 64.67 ▼ 1.91% JBS 11.80 ▼ 1.95% JBS BDR 59.94 ▼ 1.40% MBRF3 14.77 ▲ 1.72% MBRFY 2.94 ▲ 1.03% INTER 5.52 ▼ 1.87% EGX 53,990 ▲ 1.63% USD/ZAR16.45▼ 0.48% USD/NGN1,376▼ 0.27% NIKKEI 66,232 ▲ 3.26% CSI300 4,739 ▲ 3.06% HSI 25,132 ▼ 0.04% NIFTY 24,188 ▼ 0.21% KOSPI 6,748 ▲ 3.56% JCI 6,340 ▲ 1.74% USD/JPY162.94▲ 0.27% USD/CNY6.76▼ 0.17% DAX 24,946 ▲ 0.40% CAC 8,341 ▲ 0.01% FTSE 10,562 ▲ 0.35% MIB 52,214 ▲ 0.68% IBEX 19,338 ▲ 0.68% STOXX 641.82 ▲ 0.35% EUR/USD1.14▼ 0.03% GBP/USD1.34▼ 0.51% SPX 7,493 ▲ 0.66% DJI 52,105 ▲ 0.51% NDX 29,069 ▲ 1.63% RUT 2,966 ▲ 0.81% TSX 35,127 ▲ 0.48% VIX 17.42 ▼ 6.60% USD/CAD1.41▲ 0.18% US10Y 4.6240 ▲ 0.57% IBOV 172,758.89 ▼ 0.35% IPSA 10,877.68 ▼ 0.18% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,281,489 ▲ 1.79% COLCAP 2,309.56 ▲ 0.49% BVL PERÚ 56,620.35 — — USD/BRL 5.08 ▼ 0.26% USD/MXN 17.40 ▼ 0.19% USD/CLP 932.22 ▼ 0.24% USD/COP 3,232 ▼ 1.12% USD/PEN 3.40 ▲ 0.16% USD/ARS 1,478 ▼ 0.24% USD/UYU 40.11 ▲ 1.23% USD/PYG 6,045 ▲ 1.76% USD/BOB 10.80 ▲ 2.69% USD/DOP 58.02 ▲ 0.31% USD/CRC 446.12 ▲ 1.15% USD/GTQ 7.62 ▲ 2.33% USD/HNL 26.74 ▲ 1.61% USD/NIO 36.62 ▲ 0.84% USD/VES 735.39 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.79 ▲ 0.73% USD/TTD 6.73 ▲ 1.11% EUR/BRL 5.79 ▼ 1.07% BRENT 91.54 ▲ 2.60% WTI 84.60 ▲ 1.65% IRON ORE 161.91 — — COPPER 6.53 ▲ 3.67% GOLD 4,075 ▲ 1.61% SILVER 59.34 ▲ 4.47% SOY 1,219 ▼ 0.61% CORN 472.50 ▲ 5.12% WHEAT 668.75 ▼ 0.78% COFFEE 326.10 ▼ 2.48% SUGAR 14.84 ▲ 0.13% ORANGE JUICE 147.95 ▲ 0.37% COTTON 79.51 ▲ 2.77% COCOA 5,627 ▲ 1.94% BEEF 222.08 ▼ 1.96% CATTLE 343.50 ▼ 2.41% LITHIUM 69.16 ▲ 3.35% PETR4 41.50 ▲ 0.85% VALE3 71.92 ▼ 0.01% ITUB4 42.23 ▼ 0.17% BBDC4 18.42 ▲ 0.05% ABEV3 15.75 ▼ 0.25% BBAS3 20.21 ▲ 0.20% B3SA3 14.98 ▼ 1.83% WEGE3 42.72 ▼ 0.95% PRIO3 58.87 ▲ 2.05% SUZB3 41.76 ▼ 0.31% RENT3 36.68 ▼ 2.16% AZZA3 17.58 ▼ 3.25% CSAN3 3.72 ▼ 2.62% RAIZ4 0.27 — 0.00% PCAR3 2.68 ▲ 3.08% GMAT3 3.80 ▼ 1.30% PSSA3 53.19 ▼ 1.86% CVCB3 1.14 ▲ 5.56% POSI3 3.75 ▲ 1.35% SLCE3 13.67 ▲ 0.74% NATU3 8.66 ▲ 0.35% BRKM5 5.95 ▲ 0.17% RANI3 7.86 ▼ 1.63% CSNA3 5.11 ▲ 0.79% CMIN3 5.50 ▲ 2.04% USIM5 8.28 ▲ 1.47% GGBR4 23.59 ▼ 0.13% ENEV3 25.16 ▼ 1.91% CPFE3 46.14 ▼ 0.39% CMIG4 10.96 ▼ 0.54% EQTL3 38.53 ▼ 1.93% LREN3 13.12 ▼ 1.43% VIVT3 35.44 ▼ 0.64% RAIL3 13.29 ▼ 2.06% KLABIN 17.40 ▼ 0.46% RAIA DROGASIL 18.39 ▼ 1.61% RDOR3 33.89 ▼ 4.40% HAPV3 11.30 ▼ 2.16% FLRY3 16.37 ▼ 1.15% SMTO3 15.34 ▼ 0.45% UGPA3 31.21 ▼ 1.55% VBBR3 33.03 ▼ 3.17% BBSE3 41.10 ▲ 0.12% BPAC11 55.41 ▼ 0.77% CURY3 29.56 ▼ 2.09% AERI3 2.02 ▼ 2.42% VIVARA 21.59 ▼ 1.68% COMPASS 24.31 ▼ 1.18% VAMOS 3.09 — 0.00% SANB11 27.45 ▲ 1.63% ASAI3 8.13 ▼ 0.12% SBSP3 28.31 ▼ 2.31% WALMEX 49.36 ▼ 0.04% GMEXICO 204.21 ▲ 1.68% FEMSA 226.86 ▼ 0.05% CEMEX 22.04 ▲ 0.73% GFNORTE 182.02 ▲ 1.12% BIMBO 59.33 ▼ 0.29% TELEVISA 9.82 ▲ 1.13% AMX 22.77 ▲ 0.13% GAP 376.91 ▼ 0.34% ASUR 271.16 ▼ 1.17% OMA 224.94 ▼ 0.66% KOF 180.71 ▼ 0.06% GRUMA 288.17 ▲ 0.20% KIMBER 38.10 ▼ 0.76% SQM-B 63,950 ▲ 1.31% COPEC 6,364 ▲ 2.65% BSANTANDER 78.51 ▲ 3.18% FALABELLA 5,839 ▼ 0.61% ENELAM 84.42 ▲ 0.37% CENCOSUD 2,005 ▲ 0.51% CMPC 1,089 ▲ 2.11% BANCO CHILE 189.96 ▲ 1.86% LATAM AIR 24.41 — 0.00% YPF 80,700 ▲ 1.89% GGAL 7,965 ▲ 1.53% PAMPA 5,485 ▲ 4.08% TXAR 670.00 ▼ 0.07% ALUAR 967.50 ▲ 0.83% TGS 9,565 ▲ 0.68% CEPU 2,330 ▲ 1.79% MIRGOR 16,725 ▼ 2.34% COME 43.26 ▲ 0.72% LOMA NEGRA 3,630 ▲ 1.61% BYMA 292.25 ▼ 0.51% TELECOM ARG 4,180 ▲ 0.84% ECOPETROL 16.50 ▲ 2.93% BANCOLOMBIA 81.70 ▲ 1.08% GRUPO AVAL 4.99 ▲ 0.81% CREDICORP 392.71 ▲ 1.51% SOUTHERN COPPER 182.87 ▲ 4.46% BUENAVENTURA 30.85 ▲ 2.63% MERCADOLIBRE 1,800 ▼ 1.78% NUBANK 14.11 ▲ 0.86% XP 16.45 ▼ 2.08% PAGSEGURO 9.24 ▼ 0.59% STONE 10.92 ▼ 1.84% GLOBANT 32.35 ▲ 0.17% TECNOGLASS 45.22 ▼ 1.93% GAP AIRPORT 216.32 ▼ 0.37% ASUR 271.16 ▼ 1.17% OMA AIRPORT 103.45 ▼ 0.54% AMX ADR 26.11 ▲ 0.02% FEMSA ADR 130.32 ▲ 0.24% CEMEX ADR 12.63 ▲ 1.12% PETROBRAS ADR 18.43 ▲ 1.29% VALE ADR 14.12 ▲ 0.11% ITAU ADR 8.32 — 0.00% SANTANDER BR 5.41 ▲ 0.74% AMBEV ADR 3.09 ▲ 0.32% CSN 1.02 ▲ 0.50% GERDAU 4.68 ▼ 0.11% LATAM ADR 52.36 ▲ 1.20% BTC 66,710 ▲ 2.27% ETH 1,929 ▲ 1.31% SOL 78.00 ▲ 0.27% XRP 1.15 ▲ 3.49% BNB 575.31 ▲ 0.80% ADA 0.18 ▲ 3.48% DOGE 0.07 ▲ 1.55% AVAX 6.60 ▲ 0.36% LINK 8.68 ▲ 1.12% DOT 0.86 ▲ 3.74% LTC 47.86 ▲ 1.10% BCH 224.90 ▲ 2.27% TRX 0.33 ▲ 0.63% XLM 0.19 ▲ 3.00% HBAR 0.07 ▲ 2.81% NEAR 1.97 ▼ 0.64% ATOM 1.50 ▲ 0.13% AAVE 94.79 ▲ 5.59% SELIC 14.25% EMBRAER 82.12 ▼ 1.40% EMBRAER ADR 64.67 ▼ 1.91% JBS 11.80 ▼ 1.95% JBS BDR 59.94 ▼ 1.40% MBRF3 14.77 ▲ 1.72% MBRFY 2.94 ▲ 1.03% INTER 5.52 ▼ 1.87% EGX 53,990 ▲ 1.63% USD/ZAR 16.47 ▼ 0.16% USD/NGN 1,376 ▲ 0.02% NIKKEI 66,232 ▲ 3.26% CSI300 4,739 ▲ 3.06% HSI 25,132 ▼ 0.04% NIFTY 24,188 ▼ 0.21% KOSPI 6,748 ▲ 3.56% JCI 6,340 ▲ 1.74% USD/JPY 163.00 ▲ 0.33% USD/CNY 6.7557 ▼ 0.03% DAX 24,946 ▲ 0.40% CAC 8,341 ▲ 0.01% FTSE 10,562 ▲ 0.35% MIB 52,214 ▲ 0.68% IBEX 19,338 ▲ 0.68% STOXX 641.82 ▲ 0.35% EUR/USD 1.1409 ▼ 0.04% GBP/USD 1.3371 ▼ 0.41% SPX 7,493 ▲ 0.66% DJI 52,105 ▲ 0.51% NDX 29,069 ▲ 1.63% RUT 2,966 ▲ 0.81% TSX 35,127 ▲ 0.48% VIX 17.42 ▼ 6.60% USD/CAD 1.4091 ▲ 0.09% US10Y 4.6240 ▲ 0.57%
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Latin America Politics - Brazil

Mercosur Partners Threaten to Suspend Venezuela

By · September 14, 2016 · 2 min read

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By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – The tension between Mercosur partners increased on Tuesday, September 13th as chancellors from Brazil, Argentina, Paraguay and Uruguay decided not to allow Venezuela to occupy the presidency of the trade bloc and have threaten to suspend the South American country from the group.

Brazil, Brasilia, Foreign Relations Ministry, Jose Serra foreign relations minister
Brazil’s Foreign Relations Minister, Jose Serra, has been one of the greatest critics of having Venezuela take over the Mercosur Presidency, photo by Jessika Lima/MRE.
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According to Brazil’s Foreign Ministry (Itamaraty), the four member-countries decided to oppose turning over the presidency of the bloc because Venezuela did not comply with the rules of the Mercosur Protocol, signed in 2006, including the promotion and protection of human rights and an agreement of residency among citizens of Mercosur partners.

“The deadline for Venezuela to fulfill its obligations ended on August 12, 2016,” said a note issued by Brazil’s Foreign Minister, Jose Serra, Tuesday afternoon. Venezuela was admitted into the Mercosur bloc in 2012 and given four years to comply with the group’s economic and administrative requirements.

For Serra the action ‘was adopted in the spirit of preserving and strengthening Mercosur’. The statement also said that the partners would give the government of Nicolas Maduro until December 1st to comply with the requirements of the bloc. If Venezuela ‘persists in not fulfilling obligations’ the South American country could be suspended from the group.

In early July, days before the presidency of the bloc was to be transferred from Uruguay to Venezuela, Brazilian government officials as well as the country’s legislators publicly opposed the change, starting a crisis among its member-countries.

“A government that maintains political prisoners, persecutes opponents, disrespects the legislative body and interferes with the judiciary cannot preside over Mercosur,” Brazilian Senator Ana Amélia Lemos, told government news sources said at the time. Officials from Paraguay and Argentina also criticized the move, leaving Uruguay the only member-country to support the rotation change.

The trade bloc’s rules are that a change in presidency is conducted every six months among the five Mercosur partners, Brazil, Argentina, Uruguay, Paraguay and Venezuela. Due to impasse, until the end of the year when a permanent solution is expected, the regional trade bloc will be led jointly by the other four members.

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