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 . "
As indicated Laprensa.com.ni, "state control and monopoly of trade between Nicaragua and Venezuela has reached a peak with the announcement of the formation of the Grannacional Food Company, following an agreement signed in Caracas by representatives of both governments."
Meanwhile, Nicaraguan businesses insist on the need for an FTA with Venezuela to ensure equal access to that market.
Source: laprensa.com.ni
More on this topic
March 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.
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".
July 2011
Satisfied with the current export trend to Venezuela, Nicaraguan business associations want to safeguard them using a formal trade agreement.
Employers believe a treaty for trade relations, which represented $248 million to Nicaragua in 2010, is necessary for stability and independence from political aspects.
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
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