China and Nicaragua on Thursday signed a free trade agreement (FTA) after year-long negotiations in the latest effort to enhance bilateral economic and trade cooperation.
Chinese Minister of Commerce Wang Wentao and Nicaragua’s Minister of Development, Industry and Trade Jesus Bermudez announced that the two countries have substantively completed their free trade agreement negotiations.
China will strive to complete negotiations on a free trade agreement with Nicaragua by the end of July, the Ministry of Commerce said.
China is willing to accelerate comprehensive FTA negotiations with Nicaragua, promoting bilateral development in deepening mutually beneficial cooperation.
The entry into force in 2006 of the CAFTA-DR represented a notable boost to Nicaraguan exports of products made in companies that operate under the free trade zone regime, which required the hiring of a lot of labor.
China and Nicaragua are moving ahead for a comprehensive free trade agreement (FTA) and have formally established a bilateral intergovernmental economic and trade cooperation mechanism.
This Central American country signed the "Early Harvest Agreement", a trade instrument whose objective is to facilitate the bilateral exchange of agriculture-related goods by establishing preferential tariffs.
Joe Biden’s government is analyzing the possibility of launching "strong measures" against Managua at the invitation of external armies, especially "one that has invaded another country," says a US official.
Nicaragua’s parliament on Tuesday repealed the free trade agreement (FTA) signed in December 2006 with Taiwan, after last week severing diplomatic ties with the island in favor of Beijing.
The Central American Free Trade Agreement (CAFTA) is a deal between the US, five Central American nations — Guatemala, El Salvador, Honduras, Costa Rica, and Nicaragua — and the Dominican Republic.
Peru and Nicaragua began the first round of negotiations to form a free trade agreement.
South Korea said its free trade agreement (FTA) with a group of Central American nations will be fully implemented starting next month as Panama completed its domestic procedures.
Nicaragua is the first Central American country to establish a date of entry into force of the Free Trade Agreement (FTA) with South Korea, which is agreed for October 1, 2019.
Now that the Trump administration has revamped the North American Free Trade Agreement, it is taking a look at kicking key countries out of its sister pact, the Central American Free Trade Agreement.
The officials will likely discuss the impact that the trade agreement could have on their economic and business relations.
Agreement was reached during the meeting on several proposals, including the increase of sugar import quotas from Nicaragua to 60,000 metric tons a year, the statement said.
South Korea and a group of Central American countries have tentatively signed a free trade agreement.
Peru’s Minister of Foreign Trade and Tourism, Magali Silva, said that Peru has started the first talks toward an eventual free trade agreement between Russia, Kazakhstan, Belarus, India, Indonesia, Turkey and Israel.
Free trade agreements signed by the European Union with Panama, Colombia, Honduras and Nicaragua came into force on Thursday August 1.
On the eve of Nicolas Maduro’s inauguration in Venezuela, Sandinista lawmakers pass ECOALBA-TCP as a sign that ALBA is alive and well