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Weekly Report - 13 December 2005

Venezuela cleared to start joining Mercosur - but very slowly

The decision by Mercosur to start negotiating Venezuela's accession as a full member was a far more subdued affair than had been expected, even including the predictable hyperbole from President Hugo Chávez . The dominant note struck by both officialdom and business associations across the region was that a lengthy period of 'technical' negotiations lies ahead.

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