ISDS Case Map
Venezuela
President Hugo Chavez said Sunday Venezuela will pull out of a trade bloc with Colombia and Mexico, its latest move to abandon trade deals with countries that have free-trade pacts with the United States.
Before an audience of more than 25,000 gathered at Havana's Revolution Square, which coincided with the signing of the Bolivarian Alternative for the Americas (ALBA) agreement one year ago between Cuba and Venezuela, Bolivia officially joined the regional integration agreement through its Peoples Trade Agreement (TCP).
The Trade Treaty for the People " (TCP) that the presidents Fidel Castro (Cuba), Hugo Chavez (Venezuela) and Evo Morales (Bolivia) signed at Havana is more about politics than trade.
Bolivia's new left-leaning president signed a pact with Cuba and Venezuela on Saturday rejecting US-backed free trade and promising a socialist version of regional commerce and cooperation.
The governments of Bolivia, Venezuela and Cuba next Saturday are initialing in Havana a pact to jump start the People's Trade Treaty (TCP), Bolivian President Evo Morales said, as reported on Wednesday by several Bolivian media.
South American nations will have to choose whether they want continental unity or individual trade agreements with the United States -- but not both, Venezuelan President Hugo Chavez said Wednesday.
Light Industry and Trade Minister María Cristina Iglesias reiterated the government's position that Colombia and Peru would have to abandon the bilateral trade deals they recently signed with the United States if Venezuela were to stay in the Andean Community of Nations.
COPA the Panamanian airline is now flying the Brazilian company Embraer's E-190 commercial airliners on routes previously dominated by Boeing 737s. This detail highlights broader shifts in the economic balance of power in Latin America away from United States corporations.
The US free trade agreements "are destroying the CAN," Bolivian President Evo Morales said.
"We will never initial a Free Trade Agreement (with the United States,) as they put men in the background and focus on the North," Venezuelan Light Industries and Commerce minister María Cristina Iglesias said Tuesday.
