Cuba-Venezuela relations
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Relations between Cuba and Venezuela have closened significantly during the Presidency of Hugo Chávez. Chávez has developed a public friendship with Cuban president Fidel Castro and significant trade a relationship with Cuba since his election in 1999.
On December 15, 2004, an agreement called the ALBA (Bolivarian Alternative for the Americas) was signed to eliminate tariffs and import duties and promote investment as well as technical and educational cooperation between the two countries. Venezuela and Cuba have been close trading partners since a cooperative agreement was signed between them on October 30, 2000.
