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Saturday, December 23, 2006

Ecuador Correa for a Socialist Latin America

Caracas, Dec 21 (Prensa Latina) Ecuadorian President-elect Rafael Correa assured on Thursday that Ecuador will back the construction of a socialist, just and honorable Latin America from his inauguration on January 15.

When visiting the community project Fabricio Ojeda in Venezuela, where he is visiting, Correa said its achievements prove that Latin Americans can develop and build together proud, sovereign and just countries.

He recalled that Venezuela has done so for eight years so Ecuador will follow when his Alianza Pais party assumes power.

Besides integration, Correao placed energy cooperation atop the list of bilateral interests and in fact, the bilateral program includes energy complementation, with crude exchanged for derivatives, refining of Ecuadorian crude by Venezuela and participation of PETROECUADOR in Faja del Orinoco reserves.

As foreign policy priority, Correa hinted at a merger between the leading South American integration projects: the Andean Community (CAN) and Southern Common Market (MERCOSUR).

CAN is made up of Peru, Ecuador, Bolivia and Colombia, while MERCOSUR involves Argentina, Brazil, Uruguay, Paraguay and Venezuela.

Both Correa and President Hugo Chavez agreed on the need to promote regional integration free of mercantilism through policies of complementation and solidarity.


  1. Anonymous7:32 am

    I certainly hope not. Funny how we keep trying to implement systems and ideologies that have long been proved not to work.

  2. Anonymous7:43 pm

    "systems and ideologies that have long been proved not to work"?

    You mean, like, Capitalism?