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Nicaragua joins L.A. common market

Nicaragua joins L.A. common market

The National Assembly is set to approve Nicaragua’s incorporation into the Association of Latin America Integration (ALADI) now that the measure has been reported out of the Foreign Relations Committee in a unanimous vote.

ALADI is a series of treaties, laws and regulations governing trade and investment among Latin America countries. It gives preferential treatment to “less developed” countries like Nicaragua, Paraguay, Bolivia and Ecuador.

Brazilian investment in the Tumarin hydroelectric project was dependent on Nicaragua joining ALADI. ALADI preferences will also benefit some Nicaraguan exports such as black beans according to Deputy Aldolfo Martinez of the Nicaraguan Democratic Caucus. 

(Informe Pastran, Mar. 15; El Nuevo Diario, Mar. 15 2012)

 

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