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.
Source: laprensa.com.ni
More on this topic
July 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.
Juan Carlos Jimenez, president of the Venezuelan Food Corporation, explained: "We have under agreement with Nicaragua imports of beef, long life milk, and coffee, among other things, and also we have established strategies to ensure other requirements of agricultural items for our country in the coming months . "
August 2009
A committee of 30 businessmen from various sectors will meet with government officials and business chambers.
The trade balance between both countries clearly favors Venezuela, which exported $657 million to Costa Rica while importing just $39.9 million.
A Costaricahoy.info article reports that according to the Venezuelan ambassador in Costa Rica, "the group arriving on August 17 to San José represents all economic sectors and areas of Venezuelan production. The work agenda will be intense. In addition to expanding trade and importing Costa Rican goods, the entrepreneurs want to explore possible investments in the country, and using Costa Rica as a headquarters for their Central American investments".
June 2011
In 2011, Nicaragua plans to export to Venezulea 23.3% of its agricultural output.
The government projects for this year total sales abroad of $2,000 million of which 75% ($ 1,500 million) relate to agricultural products.
The Nicaraguan Minister of Agriculture and Forestry, Ariel Bucardo, told local television,"The rest of the agricultural products will be placed in traditional markets like the U.S., the main buyer of Nicaraguan products, in Central America, European and Asian countries", noted a report in Elnuevodiario.com.ni
June 2009
In April, Venezuelan deposits in Panama's banks summed $1.401 billion.
In the Colón Free Trade Zone, the amount of Venezuelan capital has reached $2.5 billion.
Michelle DomÃnguez, writes for Panama America's website: "According to the Superintendent of Banks of Panama, Venezuela occupies third place in terms of foreign investment in the local banking system.
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