Cuba, Venezuela and Bolivia sign People's Trade Treaty

April 29, 2006
The presidents of Cuba, Venezuela and Bolivia have signed the People's Trade Treaty to counter a US-led drive to forge a Pan-American free trade area. Presidents Evo Morales of Bolivia, Hugo Chavez of Venezuela, and Fidel Castro of Cuba signed the pact in Havana today to streamline commercial ties among the three governments.
They are all opposed to US trade policies that they say overwhelmingly favour the United States. Castro described the accord as "an extraordinary document with profound humanitarian, social and economic content". "Now, for the first time, there are three of us," Castro said. "I believe that, one day, all of Latin America can be here", Castro added. Morales said upon arrival in Cuba on Friday: "It will be a great meeting of three generations of revolutionaries, of people representing the three revolutions that we still have to broaden." The Bolivian leader expressed confidence that the treaty would help promote "fair trade, trade that generates jobs, ensures living standards and defends human dignity". The initiative promoted by Castro and Chavez is an attempt to circumvent US plans for the Free Trade Area of the Americas (FTAA). The three presidents call the FTAA a US effort to annex Latin America.
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