Iranian Oil Minister Javad Owji has voiced Iran’s readiness for participation in refining projects in Nicaragua.
Iran and Nicaragua have signed major cooperation documents as part of President Ebrahim Raisi’s visit to the Latin American country.
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.
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.
Foreign Minister Mohammad Javad Zarif says Iran is interested in a massive project to build a canal across Nicaragua which will link the Pacific and Atlantic oceans.