11-7-05,9:23am

Mar del Plata, Argentina, November 6 (PL).- Venezuelan President Hugo Chavez ratified Sunday in this capital the failure of the US-boosted Free Trade Area of the Americas (FTAA), a project he termed an annexation and perverse plan. 'The FTAA is fundamentalist, either you are in favor or you are against those who try to revive it,' said the statesman during a news conference at the closing meeting of the 4th Summit of the Americas, held in this famous Argentinean beach resort.

The head of state, who declared Saturday the burial of that US initiative in front of over 450,000 people at the Mundialista Stadium, stated that those who adore that project will re-launch it, and he announced the creation of an Alliance against Hungry and Poverty.

To implement this plan, said Chavez, his government is ready to offer $10 billion, a similar figure to that the US proposed at that moment with its denominated Alliance for Progress.

The Venezuelan president noted that the free trade Washington aspires to impose is at a standstill in the Southern Cone for its perversion and the arrival to power of Kirchner, Luiz Inacio Lula Da Silva in Brazil, Tabare Vazquez in Uruguay and Nicanor Duarte in Paraguay.

Chavez accused George W. Bush government's administration and Canada of exercising all kind of pressure and blackmail to go ahead with their plans.

'Today,' said the Venezuelan head of state, 'we had a great victory and we will advance step to step with our true integration: the Bolivarian Alternative for the Americas (ALBA),' created by his government and Cuba.

'The FTAA does not exist; let's create a fair trade,' stated Chavez, terming that project the tyranny of the minorities against the poor majorities.