Bolivarian Alliance for the Peoples of Our America – Peoples' Trade Treaty Alianza Bolivariana para los Pueblos de Nuestra América – Tratado de Comercio de los Pueblos (Spanish) | |
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Headquarters | Caracas |
Official languages |
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Member states |
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Leaders | |
Félix Plasencia[1] | |
Establishment | |
• Cuba–Venezuela Agreement | 14 December 2004 |
• People's Trade Agreement | 29 April 2006 |
Area | |
• Total | 2,513,337[2] km2 (970,405 sq mi) |
Population | |
• 2008 estimate | 69,513,221 |
• Density | 27.65/km2 (71.6/sq mi) |
GDP (PPP) | 2008 estimate |
• Total | $636.481 billion |
• Per capita | $9,156 |
Currency | |
Time zone | UTC-4 to -6 |
Internet TLD | |
Website albatcp.org |
ALBA or ALBA–TCP, formally the Bolivarian Alliance for the Peoples of Our America (Spanish: Alianza Bolivariana para los Pueblos de Nuestra América) or the Bolivarian Alliance for the Peoples of Our America – Peoples' Trade Treaty (Spanish: Alianza Bolivariana para los Pueblos de Nuestra América – Tratado de Comercio de los Pueblos), is an intergovernmental organization based on the idea of political and economic integration of Latin American and Caribbean countries.
Founded initially by Cuba and Venezuela in 2004, it is associated with socialist and social democratic governments wishing to consolidate regional economic integration based on a vision of social welfare, bartering and mutual economic aid. The ten member countries are Antigua and Barbuda, Bolivia, Cuba, Dominica, Grenada, Nicaragua, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines and Venezuela.[3] Suriname was admitted to ALBA as a guest country at a February 2012 summit.[4][5]