Nicaragua signs accords with Iran

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.