The Bolivarian Republic of Venezuela and Nicaragua, within the framework of the energy agreement

Abstract

The cooperation among the Bolivarian Republic of Venezuela and Nicaragua, strengthen the democracy expression between both nations, so the term "cooperativism" is the new form of integration of Latin America and the Caribbean. This research analyzes the Energetic Cooperation Agreement between the Republic of Nicaragua and the Bolivarian Republic of Venezuela, PETROCARIBE case, 2007-2009. The achievement of the objectives is based on the economy in PETROCARIBE and the commercial balance statistics between both countries. This research was documentary-descriptive; the literature design and phases used were descriptive, analytical, interpretive and constructive. We conclude that the PETROCARIBE Energetic Cooperation Agreement represents an alternative to the Republic of Nicaragua, by allowing space for development in areas such as economy, society, production, culture, among others; and for the Bolivarian Republic of Venezuela, besides strengthening the economic aspects, it even strengthens the foreign policy aspects.