Central America asks EU for infrastructure assistance fund
Central America will ask the European Union for a proposal to set up an Economic Fund of Financial Credit during the fourth round of negotiations to establish a trade association.
Thursday, July 10, 2008
The fund would be used to reduce the infrastructure disadvantages that Central American countries face relative to Europe.
COSEP asked the government of Nicaragua to return to the talks for the association agreement with Europe, which they asked to be more flexible in negotiations.
The European Union and the Central American nations today began their fourth round of negotiations aimed at reaching an agreement of association and free trade in 2009.
Following the announcement by the Europeans of their willingness to "listen carefully" to its requests, Nicaragua is going back to the Partnership Agreement process.
The negotiations for an Association Agreement between Central America and the European Union will resume in February.
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