Nicaragua receives first batch of Iranian-Venezuelan tractors
Nicaragua receives first batch of Iranian-Venezuelan tractors Tehran Times Economic Desk
TEHRAN, Apr. 5 (MNA) – The first cargo of Iranian tractors, assembled in Venezuela, was dispatched to Nicaragua, Fars News Agency quoted Prensa Latina News Agency of Cuba as reporting.
The consignment, comprised 45 tractors, was exported to Managua, the capital city of Nicaragua.
A Nicaraguan official said that 20 more tractors will be imported from Venezuela in the near future.
Moises Lopez, the head of Nicaragua’s Cooperatives Company, announced that his country has signed several accords with Venezuela in line with the country’s agriculture sector’s promotion.
Venezuela has vowed to provide Nicaragua with Iranian tractors at low prices.
The first assembly line for manufacturing Iranian tractors in Venezuela went on stream in 2007 which is Iran’s first factory works in a foreign country.
The plant's nominal capacity is 5,000 tractors and it started manufacturing its products as of the beginning of 2008.