Celac

Latin America Forms Bloc Without U.S., Canada

By Daniel Cancel and Charlie Devereux

Latin American and Caribbean countries signed the “declaration of Caracas” today inVenezuela to formalize the creation of the Community of Latin American and Caribbean States, an economic and political bloc that excludes the U.S. and Canada.
Leaders and officials from 33 countries approved the declaration that pledges to improve ties in the region.
The Celac, as it is known, which Venezuelan President Hugo Chavez says fulfills the dreams of Simon Bolivar and other liberators in the hemisphere, will seek to boost regional trade and integration and may create an international reserve fund to protect its members against the global economic crisis.
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