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 Laprensa.com.ni.



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El Salvador - Ecuador Trade Agreement Signed

February 2017

Candy, plastics, juices and nectars, medicines and paper bags are included in the list of 214 Salvadoran products that will enter Ecuador under special tariff conditions.

From a statement issued by the Ministry of Economy of El Salvador:

USA Protects Nicaragua Against TPP

February 2016

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:

The Director of the Office of Bilateral Trade Affairs, Department of State, Robert D.

Association Agreement with EU as of May 15

March 2013

Honduras and Nicaragua will be the first countries to export to the European market under the preferential tariff agreed between the two regions.

The agreement will be effective only in these two countries, as the parliaments of the rest of the region have not yet ratified it.

Impact on U.S. of FTA with Panama

June 2012

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.

The general expectation in the capital of United States is that the FTA with Panama will come into force around October 2012, after almost 10 years of paperwork.

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