ALBA-TCP will promote trade exchange through Agroalba, ALBA Azul, and Maritime Transport

Caracas, February 3, 2025. – Trade exchange among the countries that make up the Bolivarian Alliance for the Peoples of Our America-People’s Trade Treaty (ALBA-TCP) is a fundamental aspect of its process. For this reason, on Monday, the bloc proposed advancing initiatives such as Agroalba, ALBA Azul, and maritime transport.

During the 12th Extraordinary Summit of ALBA-TCP, the President of Venezuela, Nicolás Maduro, explained that, thanks to resources from the ALBA Bank, work is underway on a mechanism to purchase airplanes and ships that will facilitate the transportation of goods and products among the member countries of the regional bloc. “All within the framework of strengthening integration in transportation matters,” he stated.

Similarly, as proposed in previous summits, he emphasized the need to materialize Agroalba, a platform for agricultural production and trade among the countries.

“We are already acquiring the first food transport vessel with refrigeration capacity and a commercial cargo plane for transporting agricultural food products,” Maduro announced.

He also proposed assessing the ALBA Azul initiative, which would be dedicated to the trade of fishery and aquaculture products.

Finally, he called for all these proposals to be discussed during the first week of March in a special ministerial meeting, which should include foreign ministers as well as representatives from the sectors of agriculture, fisheries, trade, transport, science, and technology.