The Andean Community "is dead" said Presidents Hugo Chávez of Venezuela and Evo Morales of Bolivia Wednesday, referring to the trade bloc that their countries form part of along with Colombia, Ecuador and Peru.
Venezuela, which has criticized Andean nations as being overly aligned with the United States, plans to withdraw from the Andean Community of Nations, President Hugo Chavez said on Wednesday.
Venezuela has accused the United States of attempting to undermine the unity of the five-nation Andean Community in the way of free trade deals.
Rather than any remarks made by Venezuelan President Hugo Chávez, the problem of the Andean Community of Nations (CAN) is the execution of Free Trade Agreements (FTA) with the United States, Foreign Vice-Minister Pavel Rondón told state TV channel Venezolana de Televisión during an interview.
Chavez argues that US-proposed free-trade pacts would help big US companies at the expense of Latin America’s poor.
Coming into force of the Colombian-US Free Trade Agreement (FTA) has encountered opposing positions in Venezuelan sectors. Three visions prevail -firstly, it is feared that the impact on Colombian-Venezuelan trade will be negative; secondly, there could be a negative impact in the medium term, but a positive one in the short term; last but not least, good prospects are anticipated.
Kenya has signed an agreement with the Venezuela government to enhance bilateral co-operation between the two countries.
Venezuela’s Minister of Industry and Trade Gustavo Márquez thinks that an eventual Free Trade Agreement (FTA) by Colombia and the United States could result in unfair competition to the detriment of Venezuelan commodities.
Caribbean leaders are reconsidering the region’s strategic alliances, including a possible free trade agreement with Venezuela as an alternative to the stalled Free Trade Area of the Americas (FTAA) negotiations.
Venezuela today gained entry into the South American trade group Mercosur, a move pursued by President Hugo Chavez to help strengthen regional agreements and thwart a US-sponsored accord for the hemisphere.
It’s Bush vs. Chavez as 33 heads of state meet Friday for Summit of the Americas.
The talks on a future Free Trade Area of the Americas (FTAA) have divided Latin American states into different interest groups prior to the 4th Summit of the Americas to be held in Argentina on Nov. 4-5.
Venezuela’s President Hugo Chavez has accused his US counterpart George W Bush of trying to restore the Free Trade Area of the Americas (FTAA), which is a dead project, he asserted.
An apparently chance remark by a junior trade minister appears to have put Venezuela’s Foreign Minister Alí Rodríguez Araque on something of a spot.
Minister of Integration and Foreign Trade Gustavo Márquez declared Tuesday that in the event that the parties to the Andean Community decide to sign a Free Trade Agreement (FTA) with the United States, Venezuela will have to revise trade arrangements with those nations.
This article analyses some of the potential direct consequences of investment treaties on economic policies implemented by the Venezuelan public authorities
Havana and Caracas signed a bilateral trade agreement under which Cuba will purchase more than 412 million dollars worth of Venezuelan products this year.
Iran’s first free trade agreement was signed during President Mohammad Khatami’s recent visit to Venezuela, said here Tuesday, Economy Minister Mohammad Shariatmadari.
This document is a summary of information on the ALBA published by the Banco the Comercio Exterior (Bancoex)
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.