Production from the sea area could increase by 60 to 70 thousand tonnes because of the extension the area under Nicaraguan sovereignty.
Until the recent ruling of the International Court of Justice, Nicaragua fished just west of longitude 82. Now more than 90,000 square kilometers of ocean rich in species such as lobster has been added.
This was announced by Nicaraguan President Daniel Ortega at the governor's meeting of the Central American Bank for Economic Integration.
Ortega remarked that European negotiators do not intend to negotiate, but to impose conditions, adding that trade agreements between powers like the European Union and a group of small, impoverished nations like Central America are a form of imperialism or modern "colonialism".
Key representative/s from the Guatemalan Exporters’ Association last 13-15 October attended the 8th TPO Network World Conference to exchange ideas and best practice around stimulating export-led economic growth and meeting the urgent challenges in the sector.