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South American Union Selects Socialist Leaders
While U.S. President Barack Obama’s trip to Latin America hogs the media spotlight in news coverage of the region, the nations on the Southern continent made their new regional government official on March 11 as the Union Of South American Nations (UNASUR or UNASUL) treaty entered into force. Basing the supranational institution on the European Union model, further integration is still planned and already underway as two socialists were elected to lead the union.
Foreign Ministers from member nations met in Mitad del Mundo, Ecuador, to finalize the agreement, originally formed in 2008 from a merger of other regional unions including Mercosur and the Andean Community of Nations. The Uruguayan legislature ratified the agreement last month, meaning the nine countries required for the treaty to take effect had finally been found. Brazil and Paraguay have not yet approved the pact, but they are part of the arrangement nonetheless.
The bloc includes almost 400 million people and is expected to become the dominant supranational institution for the region in the years ahead. UNASUR started as a coalition of trade and customs treaties encompassing various nations on the continent brought together by Brazilian diplomats. It has since grown to include a regional military integration scheme, gradual reduction of the role of national borders, the elimination of passport and visa requirements between members states and more.
According to news reports, Patino said member nations were seeking agreements that go far beyond commerce. The end game would eventually lead to “integration,” a term frequently used by internationalists which refers to the surrender of national sovereignty to international regimes such as the European Union and UNASUR. Another topic on the agenda is the eventual creation of a continental currency along the lines of the Euro.
Originally posted by Somehumanbeing
Anything not capitalist = evil to you, huh?
This is a step-forward, hopefully the implementation is "good" as this system should be able to help keep american imperialism at bay.