CARACAS, Monday June 11, 2012 | Update

Venezuela buys 12.56% of Nicaragua exports

Nicaragua's global exports have increased by 11% in 2012

Monday June 11, 2012  10:58 AM

The United States remains the largest destination for exports from Nicaragua, followed by Venezuela and Canada. As a whole, the three countries buy more than half of all products sold by the Central American country.

Venezuela buys 12.56% of Nicaragua exports, as shown by the latest Nicaraguan statistics.

State-run Center for Exports (Cetrex) said that Nicaragua exports amounted to USD 1.19 billion in products in the first five months of this year, up 11% from USD 1.07 billion in the same period in 2011.

Between January and May, Nicaragua's exports to Venezuela totaled USD 149.4 million.

This is all there is

A simple reason: there is oil galore, would suffice to explain Guyana's actions. Another explanation lies in the little or none efforts made by the Venezuelan government to thwart the move by the Guyanese. This is certainly not a new problem, but a problem only recently highlighted because oil is involved. But what other resources does the disputed area hold? For most of us it is a section on the map with black and white stripes on it, a depiction of something distant, alien, a nothingness not worth paying much attention to in geography classes back in elementary school.

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