Caracas, February 26, 2025.- In order to strengthen integration and cooperation in various areas of work, the Executive Secretariat of the Bolivarian Alliance for the Peoples of Our America – Peoples’ Trade Treaty (ALBA-TCP) and the Executive Secretariat of the Southern African Development Community (SADC) signed a Memorandum of Understanding this Wednesday in Caracas.

The document, signed by Executive Secretaries Jorge Arreaza and Elias Mpedi Magosi, respectively, acknowledges the commitments agreed upon in the Africa-South America Summits (ASA Summits) of 2006, 2009, and 2013 to promote solid and effective cooperation between the regions.

Likewise, both regional blocs agree on the importance of enhancing regional integration and economic and social development through the establishment of a mutually cooperative relationship, fostering greater integration within their respective regions.

The objectives of the memorandum are to provide a framework for collaboration between the parties in various programs and activities, as well as to promote close cooperation and consultation on matters of mutual interest.

According to the signed document, the areas of cooperation include social and human development, youth training and leadership, educational exchange programs and scholarships, cultural and sports exchanges, literacy programs using modern technologies, and medical and scientific care programs.

Additionally, they will collaborate on industrialization, peace and security cooperation, natural resource management, tourism promotion, disaster risk management, and communication and information technologies, among other areas.