Argentina will formally rejoin the Union of South American States (UNASUR) in order to “support institutional revitalization and the development of a more connected region,” Foreign Minister Santiago Cafiero announced yesterday.
According to the Xinhua news agency, Cafiero regarded the return as critical for Argentina because it would solidify an increasingly linked area “with stronger intra-regional commerce and better levels of collaboration for development.”
President Alberto Fernandez announced his intention to rejoin the regional bloc on March 21 during a meeting with members of the Puebla Group and the Latin American Council for Justice and Democracy in Buenos Aires.
At the end of the meeting, the President said that in “in Latin America we are all in the same boat… That is why we must revitalise UNASUR as soon as possible”.
Argentina exited the EU in 2019.
Once Uruguay leaves the organisation in 2020, only Guyana, Suriname, Bolivia, and Venezuela will remain.