Nicaragua signs accords with Iran amid nuclear dispute

Teheran to fund farm equipment plant, tractors, hydroelectric plants, milk-processing plants, health clinic, houses and piers in exchange for coffee, meat and bananas.

By
August 5, 2007 03:32
Nicaragua signs accords with Iran amid nuclear dispute

ortega 88. (photo credit: )

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

Nicaraguan President Daniel Ortega signed a series of accords with Iran on Saturday despite criticism from the United States, which has tussled with the Middle Eastern nation recently over its uranium enrichment program and alleged support of Shiite militias in Iraq. Under the accords, Iran will fund a farm equipment assembly plant, 4,000 tractors, four hydroelectric plants, five milk-processing plants, a health clinic, 10,000 houses, and two piers in the western port of Corinto, government spokeswoman Rosario Murillo said. In exchange Nicaragua will export coffee, meat and bananas to Iran. The signing ceremony, led by Ortega and Iranian Energy Minister Hamid Chitchian, came one week after the US ambassador to Nicaragua warned the Central American nation about its increasingly close ties with Iran. Ortega traveled to Teheran in June to meet with President Mahmoud Ahmadinejad. "Iran can be a dangerous partner," Ambassador Paul Trivelli said. He softened the warning by adding that those ties "do not affect the good relations between Nicaraguans and Americans." The US accuses Iran of developing nuclear weapons and fueling violence in Iraq through its alleged support of the militias. Teheran has denied the allegations.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Bushehr nuclear Iranian
August 5, 2014
Iran and the bomb: The future of negotiations

By YONAH JEREMY BOB