New Haiti-Venezuela Agreement: Food for oil

June, 2013 - New agreement that will allow Haiti to pay for Venezuelan petroleum products with food produced in Haiti. Food against oil !

In short, Haiti's debt to Venezuela under the Petrocaribe agreement, would be reinvested in agriculture.

The agreement is expected to increase agricultural production in rice, peas, red beans, corn, honey and sugar and create jobs

In addition, Haiti to increase oil import quota from 14,000 barrels a day to 20,000 barrels per day