Bolivarian Alternative for the Americas
The Bolivarian Alternative for the Americas is a political, social and economic cooperation and complementation project between the
Latin American countries, proposed by
Venezuela and
Cuba as an alternative to the
Free Trade Area of the Americas proposed by the
United States.
The name Bolivarian refers to general Simn Bolvar, the hero of the wars against colonial allegiance power Spain that helped several South American states or their forerunners to gain independence by rebellion.
The within this project was signed on December 14, 2004 by President Hugo Chvez of Venezuela and President
Fidel Castro of Cuba.
Encyclopedia
The
Bolivarian Alternative for the Americas is a political, social and economic cooperation and complementation project between the
Latin American countries, proposed by
Venezuela and
Cuba as an alternative to the
Free Trade Area of the Americas proposed by the
United States.
The name
Bolivarian refers to general
Simón Bolívar, the hero of the wars against colonial allegiance power Spain that helped several South American states or their forerunners to gain independence by rebellion.
The within this project was signed on December 14, 2004 by President
Hugo Chávez of Venezuela and President
Fidel Castro of Cuba. Initially, the agreement was aimed at the exchange of medical resources and petroleum between both nations. Venezuela delivers about 96,000 barrels of oil per day to Cuba at very favourable prices and Cuba in exchange sent 20,000 medical staff and thousands of teachers to Venezuela's slums.
President
Evo Morales of poor but gas-rich
Bolivia joined the on April 29, 2006.
Sandinista leader
Daniel Ortega supports
Nicaragua's entry into ALBA.
See also
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External links
- - Jamaica Observer
- - Stabroek Newspaper Guyana.
- - Stabroek Newspaper Guyana.
- - Stabroek Newspaper Guyana.
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