The Caribbean Community (CARICOM) has spoken out on latest developments in Venezuela’s border issue with Guyana.
The group says it is deeply disappointed and concerned.
A CARICOM release referred to the decree and statements by Venezuela.
CARICOM said they include intimations of creating a strategic area of national development.
The area has been called ‘Territory for the Development of the Atlantic Façade’.
But CARICOM says it fully supports the judicial process.
The process is underway at the International Court of Justice (ICJ).
It aims to bring a peaceful end to the long-standing controversy between the two countries.
However, Venezuela does not recognize the ICJ’s authority.
And Caracas insists on bilateral talks to find a solution.
Guyana in recent years has discovered offshore oil.
Therefore, the country has the potential to become one of the largest producers in Latin America.
CARICOM reiterated ‘in the strongest possible terms’ its ‘firm and unswerving support’ for the maintenance and preservation of the sovereignty and territorial integrity of Guyana.
The group said it firmly repudiates any acts of aggression by Venezuela against Guyana.
The CARICOM statement comes against the backdrop of joint naval exercises involving the United States and Guyana.
Venezuela has condemned the exercises which started on Friday.
Vice President Delcy Rodriguez told a news conference on Monday that the aim was to create threats and provocations.