MINSK, 22 May (BelTA) – Belarus’ representative delegation led by First Deputy Chairman of the Board of Belarus’ National Bank Aleksandr Yegorov is currently in Nicaragua. This was reported on the air of the Belarus 1 TV channel, BelTA has learned.
"Nicaragua is a developing country. It is expanding cooperation with China on infrastructure projects, including the construction of an airport, roads, and a port. The implementation of these agreements requires equipment. This is a huge market, and we see great potential for its development. The same applies to the supply of various products, primarily medical goods. Previously, some of these supplies came from the United States, but Nicaragua is looking to replace them with imports from more friendly nations. They are interested in more affordable products, which Belarus can provide. Their GDP is growing, investments are increasing: these factors create favorable conditions for the inflow of related goods into the country," Aleksandr Yegorov said.
Belarus aims to continue cooperation in traditional sectors, such as industrial cooperation (supply of products by MAZ, Amkodor), as well as to establish a strategic partnership with emergency management agencies (including training to equipment supply). "We also plan to cooperate on educational programs that we could offer to Nicaragua. I would like to note that every visit results in new contracts. Currently, we are negotiating a new agreement and a credit line of approximately $30 million. Furthermore, we have brought several presentations on other areas, including unmanned aerial vehicles and pharmaceuticals. We hope that within six months, this work will result in concrete agreements and an increase in trade between Belarus and Nicaragua," Aleksandr Yegorov added.
The country’s capital, Managua is set to host the Belarusian-Nicaraguan joint commission on trade and economic cooperation on 22 May.
"Nicaragua is a developing country. It is expanding cooperation with China on infrastructure projects, including the construction of an airport, roads, and a port. The implementation of these agreements requires equipment. This is a huge market, and we see great potential for its development. The same applies to the supply of various products, primarily medical goods. Previously, some of these supplies came from the United States, but Nicaragua is looking to replace them with imports from more friendly nations. They are interested in more affordable products, which Belarus can provide. Their GDP is growing, investments are increasing: these factors create favorable conditions for the inflow of related goods into the country," Aleksandr Yegorov said.
Belarus aims to continue cooperation in traditional sectors, such as industrial cooperation (supply of products by MAZ, Amkodor), as well as to establish a strategic partnership with emergency management agencies (including training to equipment supply). "We also plan to cooperate on educational programs that we could offer to Nicaragua. I would like to note that every visit results in new contracts. Currently, we are negotiating a new agreement and a credit line of approximately $30 million. Furthermore, we have brought several presentations on other areas, including unmanned aerial vehicles and pharmaceuticals. We hope that within six months, this work will result in concrete agreements and an increase in trade between Belarus and Nicaragua," Aleksandr Yegorov added.
The country’s capital, Managua is set to host the Belarusian-Nicaraguan joint commission on trade and economic cooperation on 22 May.
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