Presidents and high-ranking representatives of 32 Latin American and Caribbean countries agreed to create a new organization without the United States and Canada on Tuesday.

The new organization, which has yet to be named, was agreed during the Summit on Latin American and Caribbean Unity in Quintana Roo, Mexico. It will be based on the same principles as the Rio Group, which include, respect for democracy, natural resources, sustainability and sovereignty of all the nations, international law, equality of states, human rights and cooperation, Mexico's President and host Felipe Calderon said.

A new institution that strengthens us as region and will let us present ourselves with renewed vitality internationally , Calderon said during his remarks.

The group's rules will be discussed and created on July 2011 in Venezuela, at the next summit.

Attending the summit were Cuba's President Raúl Castro Ruz, Haiti's President René Préval, Venezuela's President Hugo Chavez, Brazil's President Luis Inacio Lula da Silva and Colombia's President Álvaro Uribe, among others.