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Venezuela-Nicaragua to Firm Up
Deals
Local parliament will soon
debate and approve the
agreements signed by Nicaragua
and Venezuela governments in the
framework of the Bolivarian
Alternative for the Americas
(ALBA), assured a legislative
source Monday.
According to the coordinator of
the Sandinista group Edwin
Castro, those agreements are the
opportunity for opening new
markets for the Central American
nation.
In declarations to the local
press the deputy recalled the
cooperation includes the opening
two aluminium factories in
Nicaragua and supply of fuel in
advantageous conditions of
payment.
The agreements were signed in
Managua by Presidents Daniel
Ortega and Hugo Chavez last
January 11, one day after the
Sandinista leader s inauguration
and the same day in which the
leader announced the formal
entrance of the Central American
country to ALBA.
Besides the energy sector the
Venezuelan cooperation covers
areas of infrastructure,
agriculture, training,
technology transfer and support
of producers, cooperatives and
programs as well as health and
medicine.
Venezuela is also researching
the possibility of building a
refinery and an oil pipeline in
the Central American nation.
ALBA Agreements content was sent
to the unicameral Parliament
last week.
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