Iran, Nicaragua sign strategic agreement to boost bilateral relations

The Cradle, December 18, 2022 — The two countries signed a strategic plan to expand relations in the fields of the economy and trade.

On 18 December, Iran’s Foreign Minister Hossein Amir Abdollahian met with his Nicaraguan counterpart Denis Moncada Colindres in Managua to discuss ways to bolster bilateral relations and international and regional developments.

Amir Abdollahian praised the Central American state for retaining steady relations with Tehran, adding that the two countries should strive to boost economic cooperation and increase trade.

The foreign ministers signed a strategic plan to expand relations during the first Iran-Nicaragua joint commission. Colindres expressed hope that the newly signed agreement will have promising results soon.

The two counterparts last met on the sidelines of the 77th UN General Assembly session in New York back in September.

Due to the imposition of western sanctions against Iran, the Islamic Republic has attempted to expand its ties with other Latin American states, such as Venezuela, which also suffers from US-led sanctions.

In November, Iranian and Venezuelan delegates met to sign six bilateral agreements in Tehran.

These agreements revolve around cooperation in education, nanotechnology, biotechnology, petrochemistry, radiology, social data analysis, and the design of scientific-technological systems.

Weeks later, 1,000 vehicles from Iran were sent to the South American state as part of the agreements.

Iranian President Ebrahim Raisi later stressed that Tehran’s policy of enhancing cooperation with Latin American nations is a priority.

Raisi further emphasized the significance of consolidating relations with Latin American nations due to their diverse capacities and opportunities.

In July, Tehran increased its oil delivery to Venezuela so that Caracas could bolster its refineries’ productivity and increase the total output of its motor fuels.

During the year’s first half, Iran’s Supreme Leader Ali Khamenei and Venezuelan President Nicolas Maduro signed a 20-year cooperation agreement that increased their agriculture and food production.

“I believe that between the two of us we will create an indestructible friendship for the future of our people and we will witness how our countries grow in the face of difficulties and how a new world is growing,” Maduro told president Raisi.

The two sanctioned states increased cooperation to overcome the restrictions of US sanctions.

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