- Paying the bills -

Trade Between Cuba and Nicaragua

552ac8ac-4a4c-4946-b0de-9748241e7659-2TODAY NICARAGUA – The private sector and the governments of both countries have started talks to put into place the partial agreement which came into force in November 2014.

A Cuban delegation composed of 9 representatives from the government and entrepreneurs from the private sector will be visiting Managua with the aim of coordinating with the Nicaraguan government implementation of the agreement, which establishes the possibility of achieving up to 100% of tariff exemptions on some products.

The Deputy Minister of Industries in Cuba, Eloy Alvarez told eleconomista.net that “… This agreement will establish a differential treatment for domestic and foreign companies located in the zone, guaranteeing a special scheme, which includes tax, customs, labor and banking incentives. ”

- payin the bills -

Meanwhile, the executive director of the State Agency for Investment Promotion (ProNicaragua), Javier Chamorro, added “… We want to enhance economic ties, trying to increase the bilateral trade flows we have with Cuba, trying to develop investment projects by Nicaraguan firms in Cuba and Cuban enterprises in Nicaragua. ”

Source: elnuevodiario.com.ni

Related Articles

Student Leader Forced to Sign Apology Letter to Daniel Ortega to be able to leave Nicaragua

Q24N (Confidencial) The worsening police harassment pushed former student leader Justina...

Nicaragua’s Miss Universe Title Win Exposes Deep Political Divide

Q24N (VOA) Nicaragua's increasingly isolated and repressive government thought it had...

MOST READ

- paying the bills -

Let's Keep This Going!

To be updated with all the latest news and information about Nicaragua and Latin America.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.