Cuba and Venezuela to Create Joint Fishing Company
23 July, 2008

Havana, Cuba.-  As part of the Bolivarian Alternative for the Americas (ALBA) agreements, Cuba and Venezuela will create a fishing company to secure the fish supplies for both countries.
 
The Venezuelan government will invest 500 million dollars, which will be used to buy an initial 10 boats —that will subsequently increase to a fleet to 29— as well as for the fitting-out of three loading ports and the construction of shipyards and docks.
 
Cuba’s Pescavante and the Venezuelan firm Venezolana Agraria will be part of this joint bventure, which is being capitalized by the Financing Fund – created between China and Venezuela with more than 6 billion dollars. (acn)