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Ecuador announced Thursday it was withdrawing from the Bolivarian Alliance for the Peoples of Our America (ALBA) according to Foreign Minister José Valencia.
"The decision to leave #Alba is a firm decision of Ecuador, which seeks to ratify the independence of our country in its general action in regional policy, an action marked in principles," said Minister Valencia.
The Bolivarian Alliance for the Peoples of Our America (ALBA) was founded in 2005 by Cuba and Venezuela as a progressive alternative to the proposed Free Trade Agreement of the Americas (FTAA).
Among the countries, which form part of the Bolivarian Alliance, are Venezuela, Cuba, Bolivia, Nicaragua, Dominica, Saint Vincent and the Grenadines, Antigua and Barbuda, Saint Lucia, Saint Kitts and Nevis, Grenada, and Suriname.
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