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Guatemala set to boost economic relations with Russia

November 27, 2013, 14:27 UTC+3 MOSCOW

Guatemalan Foreign Minister Luis Fernando Carrera Castro said Russia ranks third for investment in the Guatemalan economy

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MOSCOW, November 27. /ITAR-TASS/. Guatemala is set to develop economic relations with Russia, Guatemalan Foreign Minister Luis Fernando Carrera Castro said opening his talks with his Russian counterpart Sergei Lavrov on Wednesday.

“I would like to note that Russia ranks third for investment in the Guatemalan economy,” he said. “This means that Russia makes two times more capital investment in our country’s economy than Mexico, for instance.”

Carrera Castro said his visit “is of great importance not only for Guatemala, but for all countries of Central America.”

Lavrov said “a decision to hold the 2014 Winter Olympic Games in Sochi is connected with Guatemala.” “We are looking forward to the upcoming Olympics. We remember well what a good reception was given to President Vladimir Putin in Guatemala, where he took part in a session of the International Olympic Committee in 2007,” when Sochi was chosen as a host city of the Olympics.

“It is symbolical that the capital of Guatemala becomes one of the first cities, with which Sochi has established twin-city relations,” Lavrov said. “We register an ascending trend in relations. We find it important that you are accompanied by representatives of Guatemalan business. We are interested in discussing not only all issues of bilateral cooperation, but also exchange opinions on Russia’s interaction with the whole Latin American region and its different associations.”

The Russian diplomat pointed to the two countries’ “close cooperation in the United Nations, especially in the Security Council, of which Guatemala is a non-permanent member.

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