Nicaragua's National Assembly approved the country's accession to the SUCRE regional payments system.
A press release from the National Assembly of Nicaragua
The Treaty Establishing the Regional Clearance Unitary System (SUCRE) was approved on November 28 by the plenary by a decree.
One of the arguments supporting this treaty was that Nicaragua will have access to a market of 68 million people.
Deputy Jose Figueroa, Vice-Chairman of Production, Economy and Budget, said that among the countries of the Bolivarian
Alternative for the Peoples of Our America (ALBA) there is trade worth around one billion dollars a year and our country, could not go beyond the Venezuelan market, as we had not approved the treaty.
One of the largest markets in the states subscribed to Sucre is Venezuela. Nicaragua's exports to this southern country from 2010 to 2011 increased by more than $54 million.