"We have explained to the Europeans that if there is no compensation fund, the association (agreement) would have no future," Ortega told a meeting of businesspeople.
Venezuela's National Assembly approved Thursday a framework agreement on cooperation between Venezuela and Nicaragua with a view to the Bolivarian Alternative for the Americas (Alba).
The Bolivarian Alternative for the Americas (ALBA) welcomed Nicaragua as its fourth full member as the FSLN returned to power in that country, while in Ecuador, President Rafael Correa adds new support to the movement for Latin America integration.
The Tory government says a free trade agreement with Central America, on ice since 2004, will eventually be debated in the House. One academic doesn't mind the delay, worrying the deal could be bad news for some nations, while industry officials worry Canadian firms may lose interest before the deal is reached.
Once it's done, Canada-Central American Free Trade Agreement will be debated in the House of Commons, Conservative MPs said last week, but there are no guarantees draft agreements will be available to civil society organizations or other third parties.
Taiwan and Nicaragua have signed a free trade agreement (FTA) pledging to join forces to explore the North American market, the Board of Foreign Trade said.
Taiwan will sign a free trade agreement with Nicaragua June 16 to further boost bilateral trade and economic cooperation, government officials said Wednesday.
The Canadian government is facing demands to disclose a draft free trade agreement with four Central American nations currently in the final stages of deliberation behind closed doors.
A controversial trade pact between the United States and Central American nations took effect in Honduras and Nicaragua on Saturday as supporters said it would help bring prosperity to the poor region.
Taiwan's free trade agreement (FTA) negotiations with Nicaragua are expected to be finalized by the end of this year. In addition, Taiwan is scheduled to start FTA talks this year with El Salvador, Honduras, Costa Rica and the Dominican Republic.