National Intelligence Bulletin
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National Intelligence Bulletin
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LATIN AMERICA: Minister* meeting
to form new econom Ic
National Intelligence Bulletin
6
LATIN AMERICA
Latin American and Caribbean ministers are meeting In Panama today to establish the Latin American Economic Systemehicle to defend and promote the region's developmental aspirations.
The organization, which will be open only to developing countries of the area, and therefore not to the US, seeks to promote multilateral schemes for economic development and to serveehicle for formulating common positions that might be presented to the US and other developed countries, as well as to International forums.
Some key questions ebout how SELA will operate remain. The debate grows out of concern among some of the governments, particularly Brazil, about the "supranational" character of the system. Brazil wants SELA's decisions to be unanimous, so as to avoid association with majority-Imposed decisions Brasilia might not Ilka. The ministers will probably be able to agree that majority decisions would be operative, but not binding, on gcwnments that ebrtain or oppose.
The refutance of Brazil and other countries to participate In the creation of SELA has receded before the Insistence of its promoters that the organization will not be an adversary political device aimed at the US. The low-key,noncontentious behavior of the Cubans In the working sessions has also added to SELA's respectability.
In large part, however, establishment of SELA wilt be another tribute toadmiration of the OPEC example by the less developed nations,that their unifiedcs are slowly Out surely winninga stubborn dub of rich
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