Latin America market round up: Chavez watch
Euromoney, is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Latin America market round up: Chavez watch

In October Venezuela’s president, Hugo Chávez, signed a number of new economic cooperation agreements in Havana with Raul Castro, the island’s temporary leader, in a move to reaffirm the countries’ anti-US alliance and strengthen their bilateral ties.

On October 15 the pair agreed on a series of trade-related deals in areas ranging from oil production to tourism. They also discussed plans to develop a billion-dollar petrochemical complex in Cuba.

The new trade deal is part of Chávez’s push for a new Bolivarian trading zone, also comprising Bolivia and Nicaragua, and intended as an alternative to US free trade pacts. Chávez said Venezuela and Cuba "can form a confederation of republics, two republics in one, two countries in one."

Gift this article