Haiti - Economy : Signature of an important framework agreement in Caracas - HaitiLibre.com : Haiti news 7/7

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Haiti - Economy : Signature of an important framework agreement in Caracas
06/02/2012 08:54:30

Haiti - Economy : Signature of an important framework agreement in Caracas
Following the bilateral meeting held Friday, February 3, the President Martelly and his Venezuelan counterpart Hugo Chávez signed, Sunday, Feb. 5, during the second regular session of the XI Summit of the Bolivarian Alternative for the Peoples of Our America (ALBA), held at Miraflores Palace in Caracas, a framework agreement of cooperation aimed at increase the bilateral and multilateral assistance offered by Venezuela beyond the Petro Caribe Fund.

This agreement will increase in a very significant manner the assistance and cooperation of Venezuela in the fields of credit, direct investment in agriculture, production, industrial development, energy and tourism among others.

Venezuela, through its cooperation agreement with China will open several appliances stores in Haiti, which will sell at discount price and subsidized, to the population, refrigerators, radios, solar panels, electric ovens etc... The agreement plan provide funding to the Haitian people to facilitate access to these products.

The agreement also aims to create joint venture companies that create jobs in agriculture, to increase agricultural production capacity, Haiti will provide labor and land, Venezuela technology and the equipment and the credit to farmers.

In addition, Venezuela is committed to encouraging private Venezuelan companies to come invest in Haiti.

Haiti will benefit from this agreement, while preserving its status of country observer in ALBA.

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