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.
Tehran and Havana enjoy warm political relations, however their trade ties are not on par with that. Now, the two countries are eyeing further trade exchanges at a time when the two are suffering from Washington’s unilateral punitive measures.
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.