Did you hear? The regional integration group called the Bolivarian Alternative for the Americas (ALBA) now has a sixth member.
Honduras officially joined ALBA on Monday. In a ceremony with the Presidents of Nicaragua, Bolivia, and Venezuela, Honduran President Manuel Zelaya signed a document to ratify the participation of his small Central American nation. By joining ALBA, Honduras hopes to increase trade with other member countries and collaborate on food security and energy security agreements, among other initiatives.
Honduras’ membership in ALBA has been a hot topic in the news, not least because the country was a strategic U.S. ally during the Cold War and the wars in Central America.
Where is Honduras headed now? Perhaps in another direction, according to the IPS. The Italian news service reports that ALBA was founded as an alternative to the now floundering U.S.-backed Free Trade Area of the Americas (FTAA). Its principles include: cooperation, solidarity and complementarity and committed to fighting poverty, inequality and unequal terms of trade.”