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CARACAS, Friday August 22, 2008 | Update
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.
05:09 PM. Economy. If any country has cashed in on the Bolivarian revolution, that is Brazil, particularly the private companies of the southern neighbor. Over the past five years, it has been awarded contracts for works to be carried out in Venezuela for over USD 14 billion. This puts it as the first recipient of government-to-government contracts, that is, without bidding, since Hugo Chávez took office.
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