Latin American and Caribbean seek to create shield against the global crisis

Countries in the region began discussions on Tuesday, part of a series of summits to create a shield against the global crisis.

Tuesday, December 16, 2008

The discussions at the beach resort of Costa do Sauipe, in the north of Brazil, began when host president, Luiz Lula da Silva, inaugurated the bi-annual summit of Mercosur, which was plagued by setbacks.

Leaders from throughout the region were also invited, including the president of Cuba, Raul Castro, who gave his colleagues a greeting from his brother, Fidel.

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First Summit of Latin America and the Caribbean

December 2008

For the first time in history the leaders of Latin American and Caribbean countries will meet on their own to discuss integration.

The meeting, which will be held on December 16 & 17 at Costa de Sauipe, a resort close to the Brazilian city of Salvador de Bahia (in the northeast), will seek to promote greater cooperation between the various regional integration mechanisms.

Central American ministers review progress on free trade

June 2008

Deputy economy ministers of Central America and the Dominican Republic met in San Salvador to evaluate the region's trade agreements with other countries.

Central America and the Dominican Republic signed the Cafta accord with the United States in 2004, and the Central American countries are currently negotiating an association with the European Union.

Brazil's Lula flies in to seek alliance with Central America

May 2008

Brazilian President Luiz Inácio Lula da Silva is flying in tomorrow to El Salvador to explore the possibilities of a trading alliance between Central America and the South American alliance, Mercosur.

Spokesman Marcelo Baumbach said Lula is slated to address a Brazil-Central America business forum tomorrow.

Guatemala to press for accord with Mercosur

May 2008

Guatemala's Foreign Minister Haroldo Rodas said that, at the Central American summit on May 29 in El Salvador, he intends to press for a commercial agreement with the South American common market, Mercosur.

Rodas said that President Alvaro Colom and the Brazilian leader Luiz Inacio Lula da Silva recently agreed to kick-start the stalled trade talks between Central America and Mercosur.