Rafeal Correa with Raul Castro
Ecuador formally join as a full member of the Bolivarian Alternative for the Americas (ALBA) in the extraordinary summit of the organization of the next 24 . The announcement was made by the Ecuadorian president, Rafael Correa, Gualaquiza from Guangzhou in the southern province of Morona Santiago
Correa, who will ratify this decision at its liaison Citizen on Saturday, noted that the addition will benefit the country, block them in the common political positions in international fora. "We will have great benefits such as having a unique position to multilateral agencies that have hurt a lot to Latin America, including the World Bank and the International Center for Settlement of Investment Disputes (ICSID).
The president stressed that his organization, composed of Bolivia, Honduras, Nicaragua, Dominica, Cuba, St. Vincent and Grenadines, and Venezuela, have pursued a common investment fund and Ecuador will also join the Regional Clearing System (Sucre).
ALBA in the spirit is a little different, because "we must overcome this integrationist vision limited only to trade to support each other, have mutual power projects to improve trade development, not trade based on neo-liberal competition," he said. stressed that "nothing in this accession is detrimental," and the existence of this group and encourages further regional integration in Latin America. Their statements were recorded shortly after the Venezuelan president, Hugo Chávez, announced days after the entry of Ecuador to the ALBA.
Founded in 2004 by Chavez and then Cuban President Fidel Castro, this organization was established as an alternative to integration as opposed to the proposal of the Free Trade Agreement (FTAA), which drove United States in Latin America.
Correa, who will ratify this decision at its liaison Citizen on Saturday, noted that the addition will benefit the country, block them in the common political positions in international fora. "We will have great benefits such as having a unique position to multilateral agencies that have hurt a lot to Latin America, including the World Bank and the International Center for Settlement of Investment Disputes (ICSID).
The president stressed that his organization, composed of Bolivia, Honduras, Nicaragua, Dominica, Cuba, St. Vincent and Grenadines, and Venezuela, have pursued a common investment fund and Ecuador will also join the Regional Clearing System (Sucre).
ALBA in the spirit is a little different, because "we must overcome this integrationist vision limited only to trade to support each other, have mutual power projects to improve trade development, not trade based on neo-liberal competition," he said. stressed that "nothing in this accession is detrimental," and the existence of this group and encourages further regional integration in Latin America. Their statements were recorded shortly after the Venezuelan president, Hugo Chávez, announced days after the entry of Ecuador to the ALBA.
Founded in 2004 by Chavez and then Cuban President Fidel Castro, this organization was established as an alternative to integration as opposed to the proposal of the Free Trade Agreement (FTAA), which drove United States in Latin America.
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