Published January 26, 2013
SANTIAGO, Chile – Leaders of 60 nations meeting in Chile have agreed to a broad agenda that includes reducing trade barriers and risks for foreign investment, making new climate change commitments and rethinking the war on drugs.
Latin American diplomats tell The Associated Press that Venezuela lobbied the Europeans to change a key phrase regarding investor protections in a draft of the summit declaration.
The Europeans are upset by a series of unilateral moves by left-leaning Latin American governments to recover their natural resources. Spain says Argentina owes Grupo Repsol $10.5 billion for expropriating the Spanish company's controlling stake in the YPF oil company.
A European Union delegate told the AP that they finally agreed Saturday to include a Venezuelan statement supporting the right of any government to make its own rules.