Nicaragua Negotiating Lower Tariffs with China

The two countries are negotiating a special arrangement in which tariffs will be reduced.

Friday, December 17, 2010

That is reflected in the cooperation agreement signed between the World Business Council for Promoting Economic and Trade Relations with China (CEFECH) and the Association of Friends with the Peoples Republic of China (Pro-NicaChina).

"Although Nicaragua's ambition is to obtain a free trade agreement (FTA) with China, Bayardo Arce, coordinator of Pro-NicaChina, acknowledged that it won’t be easy, so an alternative agreement is been negotiated providing preferential tariffs for Nicaraguan exports,” reports

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USA Protects Nicaragua Against TPP

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Most of the products which Nicaragua exports to the USA will continue to enjoy, for at least 10 years, tariff advantages compared to those products sold within the Transpacific Association Agreement.

From a statement issued by the US Embassy in Managua:

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Association Agreement with EU as of May 15

March 2013

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Impact on U.S. of FTA with Panama

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Its entry into force, scheduled for October 2012, will mean a drop from 7% to 0% on the tariffs of 87% of U.S. products exported to the canal country.

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NO to Renegotiating Tariffs in Pacific Agreement

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The Costa Rican Chamber of the Food Industry states that it would be unacceptable to change the treatment given to the products in existing bilateral treaties.  

From a statement issued by the Costa Rican Chamber of Food Industries (CACIA):

Country should not rush to deprotection of product by joining the Pacific Alliance

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