Nicaragua-Chile FTA Ready to Sign

Nicaraguan Vice President Jaime Morales said he was optimistic that the signing will take place before the end of the year.

Wednesday, October 13, 2010

These were statements by the vice president, after diplomatic representative from Chile, Hernán Mena Taboada, announced that his country is ready to sign the FTA with Nicaragua.

Elnuevodiario.com.ni reports, "The history of the treaty with Chile dates back to the Second Summit of the Americas held in Santiago de Chile in April 1998, where Presidents of the Republics of Chile, Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua agreed to initiate the process of hemispheric integration through direct negotiations.”

More on this topic

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.

Chile and Nicaragua Sign FTA

February 2011

Ninety-six Nicaraguan products will enter Chile tariff-free.

On the other hand, 67% of Chilean products will enter Nicaragua duty free.

The Treaty was signed on February 21st, 2011, in Nicaragua; it excludes are gold and scrap metal, considered sensitive products for both countries.

Nicaragua - Chile FTA in February

January 2011

Both countries agreed to sign in February a bilateral protocol on a Free Trade Agreement (FTA).

The announcement was made by the Chilean Ambassador to Nicaragua, Hernán Mena, adding that the agreement must be ratified by both congresses.

"Among the products Chile will purchase are meat, tropical fruits, shrimp, cocoa, coffee, bananas and rum.

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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