Iran has been resisting the US sanctions following the 1979 Islamic Revolution. 40 years on, many other countries are also suffering and withstanding those punitive measures. Now, Tehran is proposing that all these US-sanctioned countries join a club to better coordinate their efforts against its "economic terrorism".
Agro-industrial exports, petrochemical, mines and tourism sectors are the main priorities of the Nicaraguan economy that need Iranian investment, according to the country’s Finance and Public Credit Minister Iván Acosta, who led a business delegation to Iran last week.
A business delegation from Nicaragua, led by Economy Minister Iván Adolfo Acosta Montalván, visited Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) to hold talks with authorities of Iran private sector parliament.
Although very far apart, Iran and Nicaragua are ready to expand their cooperation. Tehran and Manágua are getting closer day by day and are seeking barter trade to kickstart their bilateral trade exchanges.
Iran and Cuba have been both fighting against unilateralism and a polar world in which the US has the final say, since their anti-American revolutions. Now, they are eager to expand and develop their ties in the face of US unilateral sanctions.
Venezuela wants to use Iran’s commercial shipping and maritime capabilities to develop its own ports.
The two countries kicked off bilateral trade ties officially back in when Foreign Minister Mohammad Javad Zarif disccussed political and economic relations with the Central American country. However, mutual trade isn’t very significant especially after the US sanctions.
Brazil, the US, Canada and Uruguay are the four North and South American countries that have had major commercial dealings with Iran since 21 March, according to the latest data.