April 15, 2009

Nicaragua and Russia have signed an agreement of understanding that grants Nicaraguan shrimp and fish exports greater access to the Russian market.

According to official reports, the agreement was signed in Managua by the head of the Nicaraguan Agricultural and Forest Ministry, Ariel Bucardo, and the head of the Russian mission visiting the country, Yevgeny Dubrovin.

Bucardo said that exporters interested in doing business with Russia need only present a certification from the General Directorate of Agricultural Health and the Agricultural and Forest Ministry.

According to figures shown from the Centre of Exports Processing (CETREX), Nicaraguan exports to Russia totalled US$6.21 million in 2008, whereas a year before US$9.06 million had been generated from the relationship.