Petrocaribe Economic Zone, Industrialization of Haiti Agriculture says PM

Image: Woman sells organic goods grown in Haiti - Samuel Maxime - Monday, June 24, 2013

PORT-AU-PRINCE, Haiti ( - Imagine a real solution to Haiti's agriculture problem. Imagine billions in real investments to industrialize the full organic Haitian local production sector without the genetically-modified seeds imposed with the assistance of many international institutions. This is the hope of Venezuela's newest agreement, the Petrocaribe Economic Zone, launching this weekend in Nicaragua.

Building on the Petrocaribe deal which accounts for 90% of Haiti's investment capital, this weekend will be the first working meetings of the Petrocaribe Economic Zone, an expansion of the regional energy independence agreement that is expected to directly build the agricultural capacity of Haiti in ways not seen since the 17th century.

The Sentinel will travel and report live through the historical 3-day, VIII Petrocaribe Summit of Heads of States and Governments from Managua, Nicaragua.

The Haitian delegation led by President Michel Martelly and Prime Minister Laurent Lamothe will attend the summit with more than just the opportunity to make a long-term and engaging deal with Haiti's regional partners, it will be their opportunity to establish a legacy apart from the overshadowing tower that has been former President Rene Preval.

It is such a consequence that the Petrocaribe Economic Zone, PEZ, is the next step, the evolution, of the original agreement entered into by the previous administration.

In essence:

"It is intended to deepen the progress made by the Organisation, with a view to developing the production sectors of member states, based on the linkage of production chains which would generate economic surplus and would make cooperation sustainable in the context of PetroCaribe.” - Samuel Hinds, Prime Minister Guyana

Prime Minister Laurent Lamothe who shared exclusively some of his ideas for Haiti's participation in the PEZ, said it could return Haiti back to the days where it was exporting massive amounts of food.

The Haitian Head of Government believes production of rice, beans, yuca and corn can grow to such great capacities with the assistance of Venezuela and other member states of the PEZ, that Haiti would begin to export in mass, and instead of repaying back Petrocaribe loans in cash money, it could return the net worth in food exports; of which Venezuela currently imports 2/3s of its sustenance.

The PetroCaribe fund was created by Venezuela in 2005 to sell fuel to Latin American and Caribbean countries at cheaper prices and help back their oil infrastructure projects. Its beneficiaries are Antigua and Barbuda, The Bahamas, Belize, Cuba, Dominica, El Salvador, Granada, Guatemala, Guyana, Haiti, Honduras, Jamaica, Nicaragua, the Dominican Republic, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines and Suriname.

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