January 22, 2004
Venezuela to host G-15 summit Feb 25-28
(Dow Jones Newswire) - "Venezuela plans to host a summit of the G-15 organization of developing countries from Feb. 25 until Feb. 28 in Caracas, said a press release from the Foreign Ministry.

Some eight heads of state have said they will attend the summit, Communications and Information Minister Jesse Chacón said late. The G-15 group consists of 19 countries. Chacón also said that Venezuelan President Hugo Chávez will have a separate meeting during the summit with his Brazilian and Argentine counterparts, Luiz Inacio Lula da Silva and Nestor Kirchner.

Brazil, Venezuela and Argentina have teamed up in their criticism toward a region-wide free trade agreement which the U.S. would like to implement in 2005. Also, there are numerous meetings planned between oil ministers and foreign ministers. Nigeria and Iran, Venezuela's fellow members of the Organization of Petroleum Exporting Countries, or OPEC, are among the most important oil nations that will attend the summit. The summit was canceled twice in 2002 due to political and economic turmoil in Venezuela".

 

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