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. Manogue, visited Nicaragua for the purpose of holding meetings with government cabinet members in charge of the portfolio of foreign trade and private sector members, with whom he discussed opportunities for Nicaragua to achieve greater economic prosperity.
The need has disappeared for an procedure for granting an annual waiver which used to be a restriction on bilateral assistance and support for international loans to Nicaragua.
The US Embassy in Nicaragua reported that "... The United States recognizes the work of the current government administration 'to resolve pending claims in an expeditious and satisfactory manner.' "
Although there are cases still pending, the resolution of 52 claims made by 28 Americans is the reason that the country has been granted with a Property waiver until July 2015.
The United States Embassy in Nicaragua reported that "... from July 2013 to July 2014, 52 cases related to 28 American citizens were resolved, and that despite the progress achieved, there are still 154 property claims by American citizens pending. "
The Attorney General has invited U.S. citizens with outstanding property claims, to present their cases to a process that it advertises as fast.
The Nicaraguan Government is seeking to resolve in the short term all cases or property disputes that exist with U.S. and in through this dispel the usual objections for it not being granted a Waiver of Property by the U.S. government.
The preferential system which allows Nicaraguan textiles made with raw materials from countries outside of the DR-CAFTA to enter the U.S. without tariffs will expire at the end of 2014.
"... By the end of next year the nine-year grace period given by the United States to Nicaragua will expire, a benefit known as tariff preference level (TPL) which allows the country to export clothing made from yarn and fabrics from third countries for a maximum annual volume of one hundred million square meters." noted an article in Laprensa.com.ni.
The United States Government has granted Nicaragua the so-called "property waiver".
Expressing its concern at the deterioration of the rule of law in Nicaragua, and the 337 cases of claims by American citizens that their property had been confiscated, the United States today approved a so called property waiver, which in practice means that it will support international agencies which the Nicaraguan government seeks loans from.