Nicaraguan negotiators had abandoned what was the seventh round of talks for the Association Agreement between Central America and the European Union because its proposal to create a 60 billion Euro common fund for economic and financial assistance had failed to be tabled for discussion.
The proposal has been qualified by European negotiators and those of the other Central American countries as "neither possible nor realistic" in the terms that were proposed, both in the elevated amount as well as the funding mechanism.
According to Mario José Moncada in a Prensalibre.com.ni article, "The private sector in the voice of Mario Amador, general manager of the National Committee of Sugar Producers (CNPA), declared their 'complete satisfaction' with the government's decision to resume talks with the EU."
The Nicaraguan Vice Chancellor indicated that the country will listen to new proposals for the regional fund in the meeting in Brussels.
In confirming Nicaragua’s attendance at the "informal meeting" between the chief negotiators of the European Union and Central America in Brussels next Thursday and Friday, Manuel Coronel, Vice Chancellor and head of the Nicaraguan negotiators, indicated they are open to “other scenarios that might favor Central America."
Central America is seeking the European Union's backing for the establishment of a joint fund to reduce regional poverty and promote development and socio-economic growth.
The proposal came from the Central American bloc at the third round of talks on an accord with the European Union. The EU's representatives reacted positively, but the proposal is subject to approval in Brussels.
Both blocks closed 10 days of intense negotiations without closing their Association Agreement.
Talks will continue at “the highest level”, as the parties hope to agree on the final issues in May.
Rubén Morales, Guatemalan economy ministry, told Sigloxxi.com that “the Europeans announced the end of the VIII round because they needed time to analyze Central America’s last proposal on sugar, banana, rice and meat”.
Nicaragua, Honduras and Guatemala managed to place the product in Europe at $480 per metric ton, $120 above the price on the international market.
The auction was held under the framework of the Association Agreement between Central America and Europe. Although it was possible to place the sugar at a good price, producers had wanted to sell it for $500 per ton, said Mario Amador, general manager of the National Committee of Sugar Producers (CNPA).
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