The governments of Managua and Tehran signed several cooperation documents in the economic, legal, scientific and technical spheres, as part of the official visit of Iran’s President Ebrahim Raisi to the Central American country.
One of the key points agreed upon was the exploration of a potential free trade agreement, The Rio Times reported.
In a meeting between Nicaraguan President Daniel Ortega and his Iranian counterpart, the governmental teams from both sides signed three foundational memorandums.
One of these included the establishment of an Intergovernmental Joint Commission for Economic, Commercial and Scientific Technical Cooperation.
In another memorandum, judicial matters were addressed, and a collaboration between the Supreme Court of Justice of Iran and the Republic of Nicaragua was agreed upon.
The third memorandum related to cooperation in the pharmaceutical sector, specifically the exchange of medicines, equipment and essential laboratory supplies between Iran’s Ministry of Health and Medical Education and Nicaragua’s Ministry of Health.
“All the topics we discussed were on the agenda in bilateral meetings, and as a result, we found your will, Iran’s will to move forward,” said Ortega.
In these meetings, discussions also commenced on signing a free trade agreement between Iran and Nicaragua.
The Iranian president spent two days in Nicaragua as part of his tour of three Latin American countries.
Before arriving in Nicaragua, Raisi visited Venezuela, where 25 cooperation and investment agreements were signed, encompassing oil and gas production, mining, metallurgy and the creation of a joint shipping company.
Raisi arrived in Cuba late Wednesday to meet with various government representatives to strengthen ties.
