16 July 2010

NICARAGUA: Ortega Defends ALBA Dependence On Venezuelan Trade.

GPOST/ TIM ROGERS /     "Since Nicaraguan President Daniel Ortega returned to power three and a half years ago, exports to Venezuela have jumped by nearly 6,000 percent, from $2 million in 2006 to $119 million in 2009 — an amount that is projected to double again this year. Venezuela is now Nicaragua’s second-biggest export market behind the United States — a remarkably fast achievement considering three years ago Venezuela didn’t even rank in Nicaragua’s top 25."
AND: "Originally formed as a socialist alternative to U.S.-led free-trade advances in Latin America, ALBA has evolved into a Venezuelan-bankrolled effort to promote political, commercial and cultural unity among likeminded countries in Latin America. But five years after its inception, critics argue ALBA is little more than a clubhouse of impoverished nations dependent on Venezuelan oil and a political platform for Chavez’ arbitrary style of leadership."
(Foto of D.Ortega)