INSUBCONTINENT EXCLUSIVE:
The governments of Managua and Tehran signed several cooperation documents in the economic, legal, scientific, and technical spheres, as
exploration of a potential Free Trade Agreement (FTA).In a meeting between Nicaraguan President Daniel Ortega and his Iranian counterpart,
the governmental teams from both nations signed three foundational memorandums.Nicaragua and Iran move towards a free trade agreement
(Photo Internet reproduction)One of these included the establishment of an Intergovernmental Joint Commission for Economic, Commercial, and
Scientific Technical Cooperation.In another memorandum, judicial matters were addressed, and a collaboration between the Supreme Court of
Justice of the Republic of Iran and the Republic of Nicaragua was agreed upon.The third memorandum related to cooperation in the
towards signing a Free Trade Agreement between Iran and Nicaragua.The Iranian president spent two days in Nicaragua as part of his tour of
three Latin American countries.Before arriving in Nicaragua, Raisi visited Venezuela, where 25 cooperation and investment agreements were
signed, encompassing oil and gas production and processing, mining, metallurgy, and the creation of a joint shipping company.Raisi arrived
in Cuba on the night of June 14, where he is expected to meet with various government representatives to strengthen ties.
