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Nicaraguan entrepreneurs to market their products in Russia

February 18, 2014, 10:19 UTC+3 MEXICO

In 2013, Nicaragua’s exports to Russia reached $20 million

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MEXICO, February 18. /ITAR-TASS/. A delegation of Nicaraguan entrepreneurs will go to Russia at the end of May or early in June to market their products and establish direct business contacts with Russian partners, the chairman of the Nicaraguan Chamber of Industries, Rodrigo Caldera said on Monday.

He said that Nicaraguan business people planned to bring sugar, peanut, coffee, beef, cigars and rum to the Russian market. Some major entrepreneurs from Nicaragua, as well as members of the country’s Chamber of Commerce have confirmed their participation in the mission.

“The main task of the mission is to present on the Russian market Nicaraguan products that may interest consumers in Russia,” Caldera said, adding that last year trade between the two countries stood at 110 million dollars with Russia’s trade surplus.

In 2013, Nicaragua’s exports to Russia reached $20 million, while imports made up $90 million. The mission will be sent under an agreement signed after a session of the Russian-Nicaraguan intergovernmental commission, held in Managua in November 2013. The sides marked at the session potentials in the diversification of bilateral trade and economic ties.

“Russia is interested in a broader presence of Nicaraguan companies in the country, which will undoubtedly contribute to the development of commercial ties between the two countries”, Russia’s Deputy Foreign Minister Sergei Ryabkov heading the commission’s Russian side told Itar-Tass then. He said an agreement had been reached that Nicaraguan business people would visit Russia to assess possibilities for expanding their exports to Russia.

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