Thursday, May 25, 2006

Chavez Visits Bolivia

Hugo Chavez made visited Bolivia this week for the third time since Evo Morales was elected. Chavez and Morales signed a series of treaties regarding education, health care, and economic positions. Chavez has promised to invest nearly $2billion in Bolivia's economy, most notably $1.5billion in the natural gas sector. As part of the deal, Venezuela will send 200,000 barrels of oil into La Paz each month in exchange for soy oil. Bolivia will also be training workers involved in telecommunications and transportation to improve infrastructure between the two nations.

The two leftist leaders are also seeking to promote the People's Trade Agreement and the Bolivarian Alternative for the Americas, alternatives to the U.S. sponsored Free Trade Agreement of the Americas.