LATIN AMERICAN ECONOMIC SYSTEM

Created: 8/2/1975

OCR scan of the original document, errors are possible

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ITEM NO: 5

SUBJECT: LATIJ1 AMERICAN ECONOMIC SYSTEfl REF : FBIS. UNCLAS

DELEGATES FROMATIN AMERICAN COUNTRIES MEETING IN PANAMA HAVE DECIDED TO RETURN THERE ON OCTOBER IS TO CONSTITUTE THE LATIN AMERICAN ECONOMIC SYSTEIt fSELAK OMMITTEE UILL NOW BEGINA DRAFT OF STATUTES FOR THE ORGANIZATION TO BE CONSIDERED BY THE DELEGATES AT THE OCTOBER MEETING.

MOST LATIN AMERICAN COUNTRIES APPEAR TO AGREE THAT SELA SHOULDRIME GOAL OF DEVELOPING THEIR ECONiOMIES AND PROMOTING THEIR UNIFICATION. HOWEVER, SOME (fjo) THE GOVERNMENTS PROMOTING THE IDEA OF SELA HAVE STRONG POLITICAL MOTIVES IN

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ECHEVERRIA OF MEXICO AND PEREZ OF VENEZUELA ARE DRIVING HARD TO BLAY CLAIM TO LEADERSHIP IN THE HEMISPHERE AND IN THE THIRD WORLD, AND NO DOUBT SEE THEIR SPONSORSHIP OF THE ORGANIZATIONilAY TO PROMOTE THEIR POLITICAL ASPIRATIONS- OTHER NATIONS, SUCH AS BRAZIL , ARE WARY OF MEXICO AND VENEZUELA'S INTENTIONS, UHILE SEVERAL COUNTRIES ARE CONCERNED THAT SELA COULD LEAD THEM INTO TROUBLE UITH THE US OVER ECONOMIC AND POLITICAL THESE ARE PROBABLY AMONG THE FACTORS THAT PREVENTED SELA FROM BEING CONSTITUTED AT THE MEETING THAT ENDS TODAY, AND THAT WILL COMPLICATE THE UORK OF THE OFFICIALS WHO UILL DRAW UP THE STATUTES FOR SELA TO BE CONSIDERED IN OCTOBER- MPDET-H

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REPRODUCTION BY OTHER THAN THE ISSUING OFFICE IS. PROHIBITED

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