The coordinators of MERCOSUR - a trade association consisting of Argentina, Brazil, Paraguay, Uruguay, Venezuela - may decide as early as Aug. 23 to expel Venezuela, which joined in 2012. A meeting in Montevideo, Uruguay will discuss legal sanctions on Venezuela, which self proclaimed itself the presidency of the group on July 30, and is also allegedly not complying with over 200 rules and regulations, requirements they agreed to when they joined. Venezuela could then lose its full member status.
Pictured: The flags of MERCOSUR’s five member-states: Argentina, Brazil, Paraguay, Uruguay, Venezuela.
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