El Universal, Venezuela
Nicaragua refines plan to organize food company under ALBA
22 August 2008
The government of Nicaragua is working on a proposal on the role of the company "Gran Nacional ALBA Alimentos." Organization of the venture was agreed some days ago in Cuba by member countries of Petrocaribe, a Caribbean alliance with Venezuela to buy oil under special payment terms and conditions, DPA reported.
Ariel Bucardo, Nicaraguan Minister of Agriculture and Forestry (Magfor), said that the company will supply food to Latin American countries under the premise of "fair trade".
He explained that the venture will prioritize the supply of food to member countries of the Bolivarian Alternative for the Americas (ALBA ), an alliance comprising Venezuela, Cuba, Bolivia, Nicaragua and Dominica. Honduras will officially join the alliance next August 25. The minister added that the surplus of the company will be exported to third countries.