Initially, the organization will handle exports of foods such as jam, banana, fruit juices, milk, tuna and cocoa powder.

Juan Carlos Jimenez, president of the Venezuelan Food Corporation, explained: "We have under agreement with Nicaragua imports of beef, long life milk, and coffee, among other things, and also we have established strategies to ensure other requirements of agricultural items for our country in the coming months . "

As indicated Laprensa.com.ni, "state control and monopoly of trade between Nicaragua and Venezuela has reached a peak with the announcement of the formation of the Grannacional Food Company, following an agreement signed in Caracas by representatives of both governments."

Meanwhile, Nicaraguan businesses insist on the need for an FTA with Venezuela to ensure equal access to that market.

Source: laprensa.com.ni

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