Top stories this week are likely to include: Chávez designates successor as he heads to Havana; Puerto Rico convenes legislature for statehood; Arab-Latin American Forum in Abu Dhabi; and impact of recent energy takeover deals in Canada.
Developments in Venezuela: This is the final week of campaigning in Venezuela’s regional elections, and the electorate will vote on Sunday for state governors and legislators. The most important contest is the gubernatorial race in Miranda, Venezuela’s second most populous state, where chavista loyalist and former Vice President Elías Jaua faces off against presidential runner-up Henrique Capriles Radonski. Furthermore, after President Hugo Chávez’ announcement last Saturday night that he is returning to Cuba for surgery today and having designated Vice President Nicolás Maduro as his heir should he not be able to lead, many in Venezuela will wonder about the severity of Chávez’ cancer and the future of his Bolivarian revolution. Notes AQ Editor-in-Chief Christopher Sabatini, “Now with President Chávez naming his successor, the gubernatorial election in Miranda is becoming a test of succession within the opposition over who could potentially have the legitimacy to lead in the post-Chávez era.”
Extra: Stay tuned for a Web Exclusive this morning from Javier Corrales, Amherst College professor of political science and AQ editorial board member, on Chávez’ announcement.
Puerto Rico Discusses Next Steps for Statehood: After Puerto Ricans rejected their present commonwealth status and 61 percent of respondents backed statehood in a referendum last month, Governor Luis Fortuño plans to call a special session of the legislature to discuss asking the U.S. federal government to honor Puerto Ricans’ request. However, although Puerto Rican voters supported statehood last month, they voted out Governor Fortuño and instead selected Alejandro García Padilla whose Partido Popular Democrático (Popular Democratic Party) wants to keep Puerto Rico as a commonwealth.
Arab-Latin American Forum: In recognition of the growing economic ties between Latin American and Arab countries (roughly $30 billion annually) Abu Dhabi, United Arab Emirates (UAE) will host a forum this Saturday for representatives of the two regions. UAE Foreign Minister Shaikh Abdullah bin Zayed Al Nahyan has stated that Arab states’ interest in Latin America goes beyond trade to other aspects of bilateral cooperation—such as food security, environment, education, and culture.
Impact of Canada Energy Deals: After Canada’s trade ministry rejected the takeover of Progress Energy Resources Corp. by a Malaysian state-owned enterprise in October to much disagreement, it seemed to have reversed course—approving the deal last Friday as well as the takeover bid of Canadian firm Nexen by the Chinese firm China National Offshore Oil Corporation on the same day. How will Canadians react to these deals: as necessary alliances for more capital inflow, or as strategic assets in the hands of foreign investors?