Nicaragua, Russia to develop trade, economic relations. NICARAGUA, November 6 (Itar-Tass) - Russia and Nicaragua have good potential for diversifying trade and economic relations, Russian Deputy Foreign Minister Sergey Ryabkov told an intergovernmental commission on trade, economic, scientific and technical co-operation on Tuesday. “We are interested in expanding the presence of Nicaraguan companies in Russia, which will undoubtedly promote trade relations between the two countries,” Ryabkov said, heading the commissions Russian side. The two sides had agreed that businessmen from Nicaragua would visit Russia next year to assess possibilities for increasing product supplies to Russia. Panama canal alternative Nicaragua is interested in attracting Russian capital and companies in building an alternative to the Panama Canal in the country, Nicaraguan Minister of Finance and Public Credit Ivan Acosta said. “We invite Russia to take part in the construction of the transport corridor and are sure that the country will take an interest in the implementation of the large-scale project to which the Nicaraguan authorities attach major importance,” Acosta said. “Russia’s participation in the canal creation is important, we believe.” Experts estimate the cost of the project at 40 billion U.S. dollars, and it will take 10 years to complete it. “We are achieving noticeable results in our cooperation contacts and we should develop them,” and the two states’ governments are willing to do so, Russian Deputy Foreign Minister Sergei Ryabkov, who chairs the Russian side of the Commission, said. According to him, “relations between Russia and Nicaragua are developing in scope and depth, embracing even the spheres that just a few years ago seemed a distant prospect.” Nicaraguan Deputy Foreign Minister Valdrack Jaentschke who is the Intergovernmental Commission’s co-chair, said that “relations between the two countries have considerably expanded over recent years and continue to strengthen successfully.” “We have major potential for further building up of mutual cooperation and firmly intend to develop long-term cooperation with Russia,” said the Nicaraguan official.
Posted on: Wed, 06 Nov 2013 14:31:41 +0000
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