Honduras joins the Bolivarian Alternative for American Countries, a club promoted by Venezuela and Cuba.
Tuesday, October 21, 2008
On October 9th the Honduran Congress ratified the country’s membership in the Alternativa Bolivariana para los pueblos de nuestra América (ALBA, Bolivarian Alternative for American Countries), a regional grouping promoted by Venezuela and Cuba.
A rice shipment from Venezuela to Cuba will become the first trade transaction done using Sucres ("Unitary System for the Regional Compensation of Payments").
President Manuel Zelaya announced that Honduras will join the Alianza Bolivariana de las Américas (ALBA), lead by Venezuela and Cuba.
The Congress of Honduras ratified the withdrawal of the country from the Bolivarian Alternative to the Americas (ALBA).
There are concerns that the trade partners are constructing a commercial “house of cards” built on shaky foundations made of political rhetoric.
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