Nicaraguan businessmen propose evaluating the possibility of negotiating a commercial agreement with the North American country, to which coffee, peanuts, sugar, beans, tobacco products and beverages are currently exported.
The good results obtained after a visit made by Canadian businessmen a few days ago has awoken interest in the local private sector to deepen relations with the North American country, through improvements in tariff and commercial conditions.
Prawns, cheese, honey, vegetables, peanut oil, peanuts, raw sugar and fruits are some of the products that people want to have duty free status under the FTA.
In the framework of bilateral negotiations for free trade between the two countries, Nicaraguan businessmen pointed out that there are several products that are in the list for staged tax relief, such as shrimp, cheese, honey, vegetables, peanut oil, peanuts, sugar raw and fruits, but they are looking for a"better tariff treatment"for others that are pending negotiations.
The private sector proposes to negotiate with the government of Taiwan an increase in the export quotas for products such as peanuts and sugar.
Exporting companies will be proposing to the government of Daniel Ortega that the visit by the President of Taiwan, Ma Ying-jeou be used to request an increase in export quotas for agricultural products. In 2014 total exports to the Asian island amounted to $65.8 million.
A statutory amendment will allow Brazil to use a World Trade Organization quota to export beef to the United States.
Nicaraguan producers and exporters have raised concerns about the possible impact of changes in trade policies which are being discussed by the U.S. Congress, which directly affect the export of peanuts, tobacco and meat, the latter product due to possible entry of beef from Brazil.
A bill to subsidize the production of peanuts in the U.S. and an initiative that would restrict imports of machine-made tobacco has caused concern in the private sector.
The agricultural bill and the initiative sent to consultation by the FDA in the United States includes the establishment of $10 as the price parameter for classifying cigars as premium and in the case of peanuts, raising production of grain by 30% through the application of an agricultural subsidy.
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