Nicaragua Refines Plan
To Organize Food Company
Under ALBA
MANAGUA - 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.
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