ALBA-TCP celebrates its 16th anniversary this Monday and return of Bolivia at its XVIII Summit

In the celebration of its 16th anniversary, this Monday the XVIII Summit of the Bolivarian Alliance for the Peoples of Our America-Peoples’ Trade Treaty (ALBA-TCP) will take place under the telematic modality, with the participation of President Nicolás Maduro and other heads of state and government of all member countries.

During the maximum meeting of the Alliance, the regional political situation and the challenges imposed by the post-pandemic economic recovery of COVID-19 will be analyzed, in addition to celebrating the return of the Plurinational State of Bolivia to the integration mechanism.

The ALBA-TCP was created on December 14, 2004 through an agreement signed in Havana between the then presidents of Venezuela, Hugo Chávez, and Cuba, Fidel Castro, following an initial proposal by the Venezuelan president in 2001, who raised it as a response to the Free Trade Area for the Americas (FTAA), promoted by the United States and finally rejected by Latin America in Mar de la Plata, Argentina, in 2005.

With the reincorporation of Bolivia; The bloc, which has a solidary and non-competitive integration approach, is also made up of Venezuela, Cuba, Nicaragua, Dominica, Grenada, Saint Vincent and the Grenadines, Antigua and Barbuda, and Saint Kitts and Nevis.