Nicaragua Looks for New Markets

This year the FTA with Chile is expected to be signed, and progress achieved in the negotiations with Ecuador.

Wednesday, August 25, 2010

Orlando Solórzano, the Nicaraguan Minister for Development, Industry and Commerce, stated that the agreements are part of the country's strategy to find new markets. reports that the minister added that, "the markets of Central America, ALBA (countries belonging to the Bolivarian Alliance for the Americas), Mexico and the USA are growing stronger with China-Taiwan also in the process of expanding and importing more Nicaraguan products".

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Chile Needs Products from Nicaragua

November 2012

The entry into force on 19 October of the FTA with Chile will expand opportunities for Nicaraguan products.

Over 97% of the supply of Nicaragua’s exportable products now enters the Chilean market duty free. According to the manager of the Export and Investment Center (CEI in Spanish), Roberto Brenes, in the next few years, exports may be duplicated.

Nicaragua – Chile FTA Comes Into Force

September 2012

Following the exchange of notes of ratification, the Free Trade Agreement between the two nations will become effective on 19 October 2012.

A press release from the Foreign Ministry of Nicaragua reads:

An exchange of letters on the bilateral Nicaragua-Chile protocol, a Free Trade Agreement between Chile and Central America, was held this morning between the foreign minister, Samuel Santos López and the Chilean Ambassador in Spain, Mr Hernan Mena Taboada.

Nicaragua Ratifies FTA with Chile

August 2011

Under the agreement, 96% of Nicaragua's export products will enter Chile duty-free.

The Legislative Assembly has ratified a Bilateral Protocol Initiative Decree between Nicaragua and Chile of the Free Trade Agreement between Central America and Chile, signed on February 22.

Nicargua and Chile Conclude FTA Negotiation

May 2010

The countries closed the negotiation process for a Free Trade Agreement between them; it must now be signed by their governments.

Veronica Rojas, Nicaraguan Commerce Vice Minister, explained that in order to become active, the agreement must then be approved by the Legislative bodies of each country.

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