Nicaraguan Exports to VenezuelaThursday, July 22, 2010 There are concerns that the trade partners are constructing a commercial “house of cards” built on shaky foundations made of political rhetoric. During Daniel Ortega’s government exports from Nicaragua to Venezuela have increased from $2m to $119m. The figure for 2010 will likely be double the latter. The main products exported are beans, meat and livestock. Nicaraguan Businesses Insist on FTA with VenezuelaWednesday, July 7, 2010 The Nicaraguan Superior Council of Private Enterprise (COSEP) highlights the importance of reaching a commercial agreement to give “certainty” to markets. Venezuela has become the second largest destination for Nicaraguan exports, beaten only by the USA. Exports surpassed $2 million in 2006 and are at $127.2 million for the first six months of this year. Nicaragua Will Not Negotiate FTA with VenezuelaThursday, September 2, 2010 The trade minister has denied the possibility of the country signing a free trade agreement (FTA) with Venezuela. Orlando Solórzano, indicated that instead of a FTA, which is limited to trade rules, the countries are developing a plan to integrate members of the Alternative Bolivarian Alliance for the Americas (ALBA), which he called the People's Trade Agreement. Quorum opens computer wholesale branch in Costa RicaFriday, May 16, 2008 Venezuela-based Quorum, Latin America's leading computer wholesaler, has launched operations in Costa Rica. The company is investing an initial US$1.5 million to set up a wholesale distributorship of Intel products. Once it has gained a foothold in the Costa Rican market, however, it aims to add to the brands on offer. Nicaraguan Jeans To VenezuelaFriday, June 11, 2010 The Venezuelan Government is negotiating the purchase of 10 million jeans produced in Nicaraguan Free Zones. A trade mission from Venezuela, which includes Government authorities and private businessmen, is touring Nicaragua’s free zones. Alberto Baltodano, technical secretary of the National Free Zone Commission (CNZF), remarked that this deal would imply $100 million in revenue for the textile sector. Costa Rica negotiates terms for joining PetrocaribeFriday, September 26, 2008 By joining the energy accord known as Petrocaribe, the country would be buying more than 20,000 barrels of petroleum per day from Venezuela. The increase in the purchase of crude oil will depend greatly on the expansion of the credit and payment terms by Venezuela before negotiations are concluded. This request should be sent in the next few days in an official note to Venezuela. Panama and Venezuela Reestablish Business RelationshipsFriday, April 27, 2018 The agreement between both governments also implies the resumption, in the coming days, of Copa flights between Caracas and Panama City. Almost a month after President Maduro decided to suspend economic relations with Panama, both governments have reached an agreement to resume dialogue. Venezuela Copa Reduces FrequenciesMonday, July 21, 2014 The airline will be reducing the number of daily flights between Caracas and Panama from three to two and eliminating the daily frequency from Caracas to Medellin, among other changes. The difficulties faced by airlines in managing payments for ticket sales in dollars through the Venezuelan currency system has led several companies to reduce their frequencies, as is the case for Panama's Copa Airlines. Nicaragua to Export 50% More Coffee to VenezuelaThursday, March 17, 2011 In 2011, Nicaragua hopes to export 300.000 bushels to Venezuela, 50% more than in 2010. Albalinisa representatives reported that Nicaragua exported coffee for the first time to Venezuela in 2009, amounting to 125.000 bushels, a figure which increased to 200.000 in 2010 and would reach 300.000 in 2011. Panama and Venezuela Normalize RelationsMonday, July 14, 2014 Both governments agreed to reopen the corresponding diplomatic missions and resume trade relations starting July 1st. Nicolás Maduro's government suspended political and trade relations with the Panamanian government on March 5, denouncing political interference from former President Ricardo Martinelli. Panama Negotiates Debt with VenezuelaThursday, October 30, 2014 The Panamanian government aims to agree a plan with a deferred payment model established in a period not exceeding 18 months, with guarantee and support from the government of Venezuela. Of the $1 billion that Venezuela owes Panamanian companies, about half are debts with Copa Airlines, followed by companies in the Colon Free Zone. Nicaragua and Venezuela Create Binational Food CompanyFriday, July 8, 2011 The two governments have formed the company "Grannacional de Alimentos", which will channel exports from Venezuela to Nicaragua. Initially, the organization will handle exports of foods such as jam, banana, fruit juices, milk, tuna and cocoa powder. Panama and Food Sales to VenezuelaMonday, August 1, 2016 In the first round of negotiations the Venezuelan government bought $46 million worth of food and hygiene products from five Panamanian companies and plans to increase purchases in the coming months. The total volume of foodstuffs, personal hygiene products and agricultural raw materials purchased by the Venezuelan government from companies in Panama amounts to 160 thousand tons. Copa Airlines Still Flying to VenezuelaTuesday, July 5, 2016 Despite the losses caused by problems with currency repatriation, the Panamanian airline plans to keep operating its flights to Venezuela. Pedro Heilbron, CEO of Copa Airlines , told Martesfinanciero.com that "... for Copa Airlines, Venezuela represents a commitment to connecting travelers with both Panama and with the rest of the region, although he admits that the losses recorded by operations in that country have affected them. " Nicaragua and Venezuela Reactivate Oil Refinery ProjectThursday, April 15, 2010 The presidents of both countries agreed to reactivate a project to build a refinery in the northwestern region of Nicaragua. The project was conceived back in 2007, at an estimated cost of $4 billion. |
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