Ortega's regime seeks to strengthen its relations with Iran, since it recently sent to the National Assembly for approval, the "Agreement for the Reciprocal Promotion and Protection of Investments between Nicaragua and the Islamic Republic of Iran."

According to the productive sector, if this agreement is reached, there will be no significant benefits for Nicaragua, which is currently in the midst of an economic crisis.

José Adán Aguerri, president of the Superior Council of Private Enterprise (Cosep), told Elnuevodiario.com that "... We don't have any kind of possibilities to develop markets with these countries. Since 2008, we have said that with this type of countries, such as Iran, they are not going to achieve absolutely anything, beyond the photo for the official who traveled and was attended. Beyond that, we have never seen more than the photo itself."

Azucena Castillo, a member of the Assembly, believes that "... Nicaragua cannot be hostile to these countries, nor can it seek them out as commercial partners or ask them to invest.”

Source: elnuevodiario.com.ni

Do you need more information about your business sector?

Request more information:

Your message has been sent. We will contact you shortly.

Name*

Last Name*

Email:*

Telephone (Country):*

Company:*

Title:*

Size of the Company:* Choose one... Less than 100 employees Between 100 and 500 Between 500 and 2500 More than 2500

Industry:* -None- Agro Alimentos y bebidas Construcción e infraestructura Banca y finanzas Farmacéutica y salud Servicios Retail Automotriz Energía y minería Química y plástico Bienes Raíces Educación Bienes de consumo Industria y manufactura Transporte y logística Telecomunicaciones Administración pública

Yes, I want to receive a call from a salesperson*

Comments:*  

this site is protected by reCAPTCHA and Google's privacy policy and terms of service.

Need assistance? Contact us

(506) 4001-6423

More on this topic

Costa Rica - Nicaragua: Business Above Politics

September 2016

The union of private companies in Nicaragua will be promoting a meeting in the week of October 17 with Costa Rican business owners in order to explore new business opportunities.

The head of the Superior Council of Private Enterprise (COSEP) told ACAN EFE "... 'We have studied the main products lines being imported from Costa Rica, starting with clinker, which is a linchpin in the cement making process, and "concentrates for preparing soft drink syrups, etc.'."

Nicaragua: Business Mission to Chile

March 2015

Preparations are being made for a trip by a group of companies traveling from April 20th to 24th to the South American country to explore business opportunities under the trade agreement which has been in force since 2012.

This trade mission's main objective is to make the most of the existing free trade agreement with Chile, to create business opportunities especially for the food and tobacco industries.

Nicaragua: Government and Businessmen Go To Europe

September 2013

On 10 November, a joint mission will travel abroad to promote foreign direct investment mainly from Germany, England and France.

General Alvaro "Baltodano said that although there are European investors in Nicaragua such as the Barceló Group, the cocoa producer Ritter Sports and the automotive component manufacturer Draexlmaier, the country needs to attract more investment as part of the benefits available under the AA with Central America", reported Elnuevodiario.com.ni.

Taiwan Evaluates Investing in Nicaragua

April 2011

Interest is being drawn chiefly to ventures in the technology sector.

In order to take advantage of the free trade agreement signed by both countries, representatives of the Nicaraguan private enterprise will promote closer ties with Taiwanese companies interested in investing in the country.