Argentina

Mercosur suspends Venezuela for failure to follow rules

South American nations suspended Venezuela on Friday from the Mercosur trade group over what they said was its failure to comply with the commitments made when it joined the group in 2012.

Argentina's foreign ministry said in a statement that Venezuela had failed to meet a Thursday deadline to adopt certain standards required for membership. The foreign ministers of the four founding members— Argentina, Brazil, Uruguay and Paraguay — notified Venezuela's government of the decision in a letter.

Mercosur accepted Venezuela as a member when South America was dominated by leftist governments in an effort to link the region's biggest agricultural and energy...

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