Russia and Guatemala agree on taking steps to diversify trade

Countries also plan to bolster cooperation in combating natural disasters

Russia and Guatemala have agreed on taking steps to diversify bilateral trade and finalize the ratification of the reciprocal protection of investments agreement, Russian Foreign Minister Sergey Lavrov announced following talks with his Guatemalan counterpart, Carlos Morales.

"Our economic, scientific and humanitarian relations have significant development potential," Lavrov noted. "We have agreed on taking steps to diversify bilateral trade. We have also decided to complete the process of ratifying the Russian-Guatemalan agreement on the reciprocal protection of investments. The necessary procedures have already been completed."

In addition, the two countries plan to bolster cooperation in combating natural disasters. "Russia has supported Guatemala as far as disaster management is concerned. We have hammered out an agreement and we hope it will be signed soon," the Russian foreign minister added.

Source: TASS

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