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Creation of a Common Economic Zone, an Achievement for Petrocaribe


La Paz, May 6 (Prensa Latina) Bolivia's government today considered as an achievement for regional integration the creation, last weekend in Venezuela, of a common economic zone for the member countries of Petrocaribe. At a press conference at the headquarters of the Executive, Vice President Alvaro Garcia Linera said that Petrocaribe is a platform for energy security and the use of funds for social uses throughout the region, hence the importance of the new pact of integration.

"Presidents and ministers of the 18 states have made the decision to create a common economic area, which not only binds the oil and social, but also economic and cultural activities. A breakthrough for Latin American integration, "he said.

García Linera represented Bolivia at the Seventh Summit of Heads of State and Government of Petrocaribe held in Caracas this weekend, in the absence of President Evo Morales, who was attending a meeting of the G77 in Fiji Islands.

Among the most relevant results from the meeting was the creation of Petrocaribe Economic Zone, which seeks development an integral equation involving energy and strengthen financial stability, as well as in agriculture, agribusiness, technology and tourism in the region.

The Vice President also noted that the government expects the departure as soon as possible of the U.S. Agency for International Development (USAID), expelled from the country last week after allegations of interference.

"The faster they leave, the better for us," he said.

Last Wednesday, the Bolivian president asked USAID to leave the country, accused of conspiring against his government, decision which was not well seen by Washington and its the embassy here.