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Nicaragua boosts Chávez-founded ALBA alliance

Friday, April 19, 2013

In an apparent attempt to quell concerns that the Venezuelan-propped Bolivarian Alliance for Our Americas (ALBA) will fall following the death of its main architect, Hugo Chávez, Sandinista lawmakers passed a law to create a new “fair trade” agreement between Nicaragua and its allies in ALBA.

The new “people’s trade treaty” of ALBA was ratified by Nicaragua one day before Nicolás Maduro is sworn in as the next president of Venezuela—a political sign, pundits say, that ALBA intends to outlive its founder.

The people’s trade treaty is intended to promote more economic integration, cooperation and fair trade among Venezuela, Cuba, Bolivia, Ecuador, Cuba, Antigua and Barbuda, Dominica and St. Vincent and the Grenadines.

Source: Nicaragua Dispatch