Mexico's trade with Nicaragua grows sixfold under 19998 accord

Trade between Mexico and Nicaragua has grown sixfold since a free trade agreement between the two countries came into force in 1998.

Wednesday, July 2, 2008

Eduardo Sojo, the Mexican economy minister, said that trade between the two countries amounted to US$550 million last year. Nicaragua is now Mexico's third trading partner in the region, he added.

More on this topic

Optimism in Guatemala Over FTA with Mexico

September 2013

The current $550 million from the annual sales of Guatemalan products and services to Mexico could double with the entry into operation of the unified FTA between that country and the Central Americans.

Guatemalans are hoping that exports to the Aztec nation will double with the entry into force of the agreement which unifies the Mexican FTA's that were held separately with Costa Rica, Nicaragua and the CA-3.

Getting the Most from the FTA with Mexico

February 2012

Nicaraguan products such as leather, footwear, yogurt and other dairy products, and spices, are potential business opportunities under the unified Central America-Mexico trade agreement.

"There is a large niche in the Mexican market which is an opportunity for Nicaragua to place more and more products, to diversify their offering," said Rodrigo Melendez, manager of the economic and commercial section at the Mexican Embassy in Managua, reported LaPrensa.com.ni.

Nicaragua Businessmen Bet on Trade with Mexico

December 2011

The business sector expects to achieve a 15% increase in trade between the two countries next year.

Nicaragua's private sector is awaiting the ratification of the unified Free Trade Agreement (FTA) between Central America and Mexico, which was signed last week and will be ratified by the presidents of the countries involved on 4th and 5th of December.

Nicaragua Selling Few Items to Mexico

July 2011

Nicaragua's exports to Mexico between 1998 and 2010 grew by 400%, but are characterized by very low diversification.

Thirteen years after the signing of the FTA between both countries, Nicaraguan exports have grown by about 400%, but are based on only a few products.

Of all the products that the country sells under the treaty, 96% are from a list of only 13 products which include shrimp, crawfish, rum, sesame, coffee and meat offal.

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