| Foreign Relations - Venezuela | | | | | | Hemispheric cooperation and integration are two pillars of President Chavez's foreign policy. Venezuela worked closely with its neighbors following the 1997 Summit of the Americas in many areas--particularly energy integration. Venezuela is currently advocating regional integration through its PetroCaribe petroleum initiative, the creation of a South American Community of Nations, and the establishment of the Bolivarian Alternative for the Americas (a social integration project proposed by President Chavez as an alternative to the Free Trade Area of the Americas). In October 2005, Venezuela was officially invited to join MERCOSUR. Before it can become a full member of MERCOSUR, Venezuela must conform to the trade blocís economic regulations. The Venezuelan Government maintains close relations with Cuba and advocates an end to Cuba's isolation. Venezuela promotes a "multi-polar" world based on ties among Third World countries. Venezuela has longstanding border disputes with Colombia--most recently over the capture of a Colombian insurgent leader inside Venezuela--and Guyana, but seeks in general to resolve them peacefully. Bilateral commissions have been established by Venezuela and Colombia to address a range of pending issues, including resolution of the maritime boundary in the Gulf of Venezuela. Relations with Guyana are complicated by Venezuela's claim to roughly three-quarters of Guyana's territory. Since 1987, the two countries have held exchanges on the boundary under the "good offices" of the United Nations. |
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