CABEI promotes trade relations Between Nicaragua and Korea

Managua, October 18, 2016. – The Central American Bank for Economic Integration (CABEI) granted up to US$119,786.88 in non-reimbursable financing to the Republic of Nicaragua to support high-impact regional initiatives. The funds are specifically destined to financing the Central American coordination meetings and rounds of negotiation that are being held in Nicaragua with regard to the Free Trade Treaty between Central America and Korea.

The agreement was signed by the CABEI Director for Nicaragua, Dr. Silvio Conrado, and the Minister of Development, Industry and Trade (MIFIC), Mr. Orlando Solórzano, on behalf of the Nicaraguan government and in his capacity as President Pro Tempore of the Council of Ministers of Central American Integration (COMIECO).

The cooperation resources will promote activities in the framework of the negotiation process, ensuring the effective participation of the Nicaraguan authorities in the different rounds and supporting the holding of programmed meetings.