On 13 September, the Foreign Ministers of the signatory States of the Treaty of Asunción signed a "Joint Declaration on the functioning of MERCOSUR and the protocol of accession of the Bolivarian Republic of Venezuela to MERCOSUR.
This Declaration reflects the consensus reached by Argentina, Brazil, Paraguay and Uruguay in order to facilitate the functioning of MERCOSUR and coordinate negotiations with other countries and country blocs, as well as in connection with the steps to be followed in order to ensure a balance between rights and obligations during the process of accession of Venezuela, considering that this country has not incorporated essential MERCOSUR norms into its national legislation.
It was therefore decided to extend the deadline for the Bolivarian Republic of Venezuela to comply with the obligations it assumed in its Protocol of Accession to MERCOSUR.
Press Release No. 303/16
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