Mercosur is set to discuss Venezuela\u2019s possible return to the South American trade bloc as countries warm to Caracas following the ouster of Nicol\u00e1s Maduro by US forces earlier this year.<\/p>\n
Brazil\u2019s Vice-President Geraldo Alckmin said the group could revisit Venezuela\u2019s suspension as the country enters a \u201cdifferent moment,\u201d signalling a potential shift in regional dynamics after years of isolation.<\/p>\n
\u201cVenezuela joined Mercosur, was suspended, and as it moves into a different moment, that will be rediscussed,\u201d Alckmin told reporters in Brasilia.<\/p>\n
Venezuela\u2019s re-engagement with Western institutions has gathered pace since Delcy Rodriguez became acting president and moved to rebuild ties with the United States. The International Monetary Fund said last week it would resume formal contact, opening the door to eventual access to multilateral financing.<\/p>\n
Caracas is also seeking foreign investment in its energy and mining sectors with US backing, as global supply concerns intensify. Donald Trump has moved to ease sanctions on key financial entities and granted new licences for US oil companies to expand operations in the country.<\/p>\n
Venezuela was suspended from Mercosur in 2017 for breaching the bloc\u2019s democratic clause and failing to meet economic commitments. Rejoining would require consensus among member states and a reassessment of whether it meets those standards.<\/p>\n
The debate comes as Mercosur pushes ahead with a broader reset, including the provisional implementation of a long-delayed trade agreement with the European Union on May 1. Brazil estimates the deal could lift its exports to the EU by about 13 percent.<\/p>\n
Alckmin, who also served as Brazil\u2019s industry and trade minister, pointed to expansion efforts as part of Mercosur\u2019s strategic agenda. Bolivia is adopting the bloc\u2019s legal and trade rules after being accepted as a full member in 2024, while Colombia is seeking full membership. Mercosur\u2019s founding members are Brazil, Argentina, Paraguay and Uruguay<\/p>\n
\u201cIt\u2019s very important to deepen Latin American integration,\u201d Alckmin said, adding that intraregional trade accounts for less than 30 percent of total commerce, compared with about 50 percent in North America, nearly 60 percent in Europe and close to 70 percent in Southeast Asia\u2019s Asean.<\/p>\n
by Martha Beck, Bloomberg<\/p>\n
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