Nicaragua Seeks FTA with China

The country awaits response from the Chinese Government to the proposal of signing a Free Trade Agreement.

Thursday, October 14, 2010

Economic affairs adviser to the president, Bayardo Arce, speaking to media said they hope by the end of the year to receive the response.

In an article, El Nuevo Diario reports, “I think (the proposal for a trade agreement) we received a positive feedbak and we hope to get an answer this year," said Arce, who recently visited China, a country which Nicaragua has no diplomatic ties with because it has them with Taiwan."

More on this topic

Nicaragua Wants to Expand FTA with Taiwan

January 2013

The Government will conduct a review of the Free Trade Agreement held with the Asian nation to include protection and investment incentives.

Bayardo Arce, presidential adviser for economic affairs, talking about the subject noted that the negotiations which have already opened and will be resumed in the next few months, are aimed at "forming an economic partnership that not only about trade but is a joint venture."

Possible Trade Agreement Nicaragua - Russia

October 2012

There may be interest from Russia in investing in the Nicaraguan mining and industrial sectors including what would be the installation of a car factory line.

The Russian ambassador in Managua, Nikolay Vladimir, has again raised the possibility that Russian capital may use Nicaragua as a beachhead for industrial facilities and for the expansion of their business in Central America.

Nicaragua Negotiating Lower Tariffs with China

December 2010

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

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).

Costa Rica aims for FTA negotiations with China and Mercosur

July 2008

The Costa Rican government looks forward to start negotiations in 2009 for Free Trade Agreements with China and Mercosur

The FTA with Mercosur with be in conjunction with the other Central American countries, stated on Wednesday, from Brasilia, the International Trade minister Marco Vinicio Ruiz.

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