ALBA Members Sign Agreements On
Food Security
Caracas - Member countries of the
Bolivarian Alternative for the Americas (ALBA) met on Monday in
Venezuela and signed two agreements on food security.
The first agreement extends the pact of the Petrocaribe countries,
formed by 17 Latin American and Caribbean nations. The second one is
about the creation of a "great national" company of food production
of the ALBA countries.
The term "great national" was first raised by Venezuelan President
Hugo Chavez, who hosted the 4th extraordinary summit of the ALBA,
which was attended by leaders from Bolivia, Nicaragua, Dominican,
Cuba and Ecuador besides Venezuela.
The term was then suggested by Nicaraguan President Daniel Ortega to
be used in opposition to the concept of "transnational."
Chavez said that the "great national" company will be created with
an initial capital of 49 million U.S. dollars.
The ALBA, whose professed aim is to integrate Latin American
countries to confront the U.S.-backed Free Trade Area of the
Americas (ALCA), was created on Dec. 14, 2004 in Havana, capital of
Cuba, in a joint declaration between Chavez and former Cuban leader
Fidel Castro.
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