The 5th summit of the Bolivarian Alternative for the Americas (ALBA) ended with a flexible energy agreement and withdrawal from the International Centre for Settlement of Investment Disputes (ICSID)
Rather than being a “blow” to the ALBA project, Venezuela’s entry into Mercosur is clearly aimed at defending and promoting this anti-capitalist project.
Before an audience of more than 25,000 gathered at Havana’s Revolution Square, which coincided with the signing of the Bolivarian Alternative for the Americas (ALBA) agreement one year ago between Cuba and Venezuela, Bolivia officially joined the regional integration agreement through its Peoples Trade Agreement (TCP).
The Trade Treaty for the People " (TCP) that the presidents Fidel Castro (Cuba), Hugo Chavez (Venezuela) and Evo Morales (Bolivia) signed at Havana is more about politics than trade.
Bolivia’s new left-leaning president signed a pact with Cuba and Venezuela on Saturday rejecting US-backed free trade and promising a socialist version of regional commerce and cooperation.
The governments of Bolivia, Venezuela and Cuba next Saturday are initialing in Havana a pact to jump start the People’s Trade Treaty (TCP), Bolivian President Evo Morales said, as reported on Wednesday by several Bolivian media.
Iran and Cuba also have plans to finalize a preferential trade agreement to boost mutual trade exchange.
Colombia and Cuba may seem strange bedfellows but the stalwart US ally and its oldest adversary in Latin America are putting aside their differences to negotiate a trade deal.
Caribbean Community (CARICOM) leaders and Cuban President Fidel Castro have made an agreement giving Cuba access to free trade in the region.
Havana and Caracas signed a bilateral trade agreement under which Cuba will purchase more than 412 million dollars worth of Venezuelan products this year.
By becoming an associate member of Mercosur, Cuba, at least indirectly, may have some influence in how the FTAA is finally formulated.
In a new bid to challenge the US backed Free Trade Area of the Americas, Cuban President Fidel Castro and Venezuelan President Hugo Chavez Tuesday announced in Havana an alternative bloc for the region based in mutual cooperation among states rather than in pure pro-market policies.