Venezuelan president Nicolás Maduro is advocating the establishment of an economic zone for the Caribbean and Latin America.

He says the economic zone should be part of a production and economic plan aimed at curbing the region’s high import bill.

During a bilateral meeting with Prime Minister Dr. Keith Mitchell in Grenada over the weekend, the Venezuelan leader also suggested the establishment of a commerce and purchase agreement with Caribbean countries.

“I insist that we need to create an economic zone in the region. We need to produce locally,” Maduro said, according to a report by Caribbean 360 News.

President Maduro suggested that the Caribbean and Latin America work out transportation arrangements to facilitate the movement of goods and services.

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