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(FTAA) should not be forgotten, as has been published on several occasions, that the nation South America had so far participated as an observer of the Bolivarian forum, which includes Cuba, Bolivia, Nicaragua, Honduras, Dominica, St. Vincent and the Grenadines, and Antigua and Barbuda. The formalization of their change of status occurs at an extraordinary summit taking place in Venezuela, which marks the 188th anniversary of the Battle of Carabobo, which sealed the independence of this country from the Spanish crown. Venezuelan official spokesmen have described the addition of Ecuador as “historic”, while President Rafael Correa highlighted the political importance of the ALBA. bbc. co., in this context indicates that “with the ALBA is being developed an integration scheme which will enhance the comparative advantages of member countries,”

according to Falconi Fander l Ecuadorian foreign minister, who said that the income will give Ecuador “complementarity new options in energy, trade, finance, health cooperation and technology.” Some analysts Ecuadoreans, the numbers do not support this view of material gain through ALBA. A recent article in El Comercio noted, moreover, that the economies of all members of the ALBA added (again not including the main promoter) did not reach the key nations on the continent, as Mexico or Argentina. To this must be added a very relevant as it highlights some critics: that the trade between Ecuador and members of the Alternative with the exception of Venezuela, is “emerging”, ie comparatively small. Do not forget according to Professor of the Latin American Faculty of Social Sciences, Teodoro Bustamante, countries that make up the mechanism “are economically similar, hence little complementary.” That is, produce more or less the same and therefore have little to be bought and sold each other.