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Nicaragua, El Salvador, Honduras to Work Together on Gulf of Fonseca

This is a view of the Gulf of Fonseca, a small area, littered with islands, on which three countries border: El Salvador, Honduras and Nicaragua.
This is a view of the Gulf of Fonseca, a small area, littered with islands, on which three countries border: El Salvador, Honduras and Nicaragua.

NICARAGUA NEWS – Nicaragua’s President Daniel Ortega, El Salvador”s Salvador Sanchez Ceren, and Honduras” Juan Orlando Hernandez, signed a joint statement here today supporting investments for the economic and social development of the Gulf of Fonseca.
With this statement, these three nations will strengthen peace in the region, Ortega said.

Investment and development projects presented by each of the countries were analyzed in order to select those which can assist in the development of the Gulf of Fonseca and the surrounding communities.

According to Ortega, the common development projects focus on economic sectors linked to infrastructure, tourism, agriculture, and renewable energy. The document as read by the Nicaraguan statesman includes 12 agreements, among them the drawing up of a master plan for tri-national investment and economic development.

The plan should also include a transportation initiative, as well as the development and implementation of an employment and economic development zone, including a logistics park.

The purpose is to turn the Gulf into a zone for free trade and sustainable tourism, said Ortega.

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