• Submitted by: admin
• International
• South America
• Business and Economy
• 07 / 31 / 2007

According to Prensa Latina news agency, the agreement was signed in Caracas, the Venezuelan capital, by Cuban Agriculture Minister María del Carmen Pérez, and her Venezuelan counterpart, Elías Jaua.

The new companies will be located in Venezuela and their main goal will be the production of top priority food to guarantee their supply in both countries.

These companies will work in the sectors of leguminous plants, production of milk and yogurt, rice, poultry-raising and wood production and they will be able to have links with other ALBA members like Nicaragua and Bolivia.

Minister Jaua said that the creation of these companies is a step ahead in the strategic relationship for the development of Cuba and Venezuela within the framework of ALBA, an initiative launched by Venezuelan President Hugo Chávez to promote integration and solidarity among the peoples of Latin America and the Caribbean.

Source: ACN