South American leaders meet in Caracas for Mercosur summit
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South American leaders meet in Caracas for Mercosur summit

 

Heads of state from around Latin America are converging in Caracas for a long-delayed trade summit, as various countries in the regional bloc grapple with serious economic woes.

The summit of the South American trading bloc Mercosur was repeatedly postponed earlier this year as an anti-government protest movement engulfed Venezuela. On Tuesday, the long-postponed meeting finally began, with the presidents of Brazil, Uruguay, Argentina and other countries going on a televised tourism expedition.

Later in the day, the leaders are expected to discuss new trade agreements. The meeting comes as Argentina is on the brink of a debt default, facing a Wednesday deadline to repay or negotiate with investors.

Associated Press