Nicaragua, EU sign new cooperation agreements

13:48, December 14, 2010      

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The Nicaraguan government and the European Union Monday signed new cooperation agreements of 25.6 million euros (34.2 million U.S. dollars) to support small- and medium-sized enterprises (SME) and to create a food security program, Nicaraguan Foreign Minister Samuel Santos said.

Santos signed the agreements, and said 15.1 million euros (20.2 million dollars) would be distributed by the Development, Industry and Commerce Ministry to strengthen the competitiveness of the SMEs in Nicaragua.

Some 10.5 million euros (14.06 million dollars) would be offered to the Agricultural Technology Institute to support a program to produce seeds and basic grains for the food security of the country.

The ceremony was attended by Santos and EU ambassador to Central America and Panama, Mendel Goldstein.

Source: Xinhua

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