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Venezuela and Ecuador sign 35 projects relating to food, finance and energy

Venezuela and Ecuador signed 35 binational projects, five of which relate to food sovereignty, eleven to energy sovereignty, four to knowledge sovereignty and social projects, and fifteen relating to production and financial sovereignty.

Furthermore, both heads of state agreed to inject $50 million into the Venezuela-Ecuador binational fund to spur a set of binational projects that will prioritize food production and processing.

This binational fund was established in October in the city of Puyo, Ecuador.

The announcement of the 35 signed projects was made by Hugo Chávez, President of the Bolivarian Republic of Venezuela, during a joint press conference with Ecuadorian President Rafael Correa from La Eminencia Castle of Cumaná in the Venezuelan state of Sucre.

The Venezuelan President emphasized that five of these projects relate to food sovereignty, one of which relates to fisheries and another to cacao production.  “It is food production for the people,” he noted.

For this reason, President Chávez affirmed that “the state of Sucre can be at the forefront of peoples, it is one of the key states for fishing.  Here the Venezuela headquarters for a supranational firm could be held, here in Cumaná, in honor of Sucre.”

The President indicated that Venezuela and Ecuador are said to be the best cacao producers in the world.

President Chávez further signaled that he and President Correa spoke about the willing to increase trade between the two countries.  Regarding food, he added that the supply of soy oil and milk and powdered milk could be expanded as part of projects related to food sovereignty.

He also said that the peoples’ education and culture are important subjects that must be work on.

Ecuadorian President Rafael Correa affirmed that food sovereignty is very important for both countries and said that “it is one of the cores being built so as to achieve independence in essential matters.”

He insisted that integration has to have goals: “Food sovereignty should be a goal.  We cannot produce everything we need, but we cannot be dependent on countries that will extort us.”

Prensa Presidencial, Embassy of the Bolivarian Republic of Venezuela Press Office / February 4, 2009

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