Nicaragua Signs Accords with Iran

Nicaraguan President Daniel Ortega signed a series of accords with Iran on Saturday despite criticism from the United States. 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.