Nicaragua: Businessmen Press for FTA with Venezuela

Satisfied with the current export trend to Venezuela, Nicaraguan business associations want to safeguard them using a formal trade agreement.

Tuesday, July 5, 2011

Employers believe a treaty for trade relations, which represented $248 million to Nicaragua in 2010, is necessary for stability and independence from political aspects.

Mario Amador, president of the Nicaraguan Chamber of Industry, admitted that "there are concerns about the effect on the business side due to what may occur in the relations between Nicaragua and Venezuela in the new context of restructured power under President Hugo Chavez, for health reasons ".

He says it is right that "private business relationships are conducted under an FTA or partial trade agreement, either one of which would serve to secure the future", but so far the Nicaraguan government has not shown interest in pursuing any sort of trade agreement between the two nations.

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