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
The U.S. government is commending Nicaragua for its continued trade liberalization and integration into the global economy under the Sandinista government of President Daniel Ortega.
The governments of Mexico and five Central American countries signed in El Salvador a free trade agreement (FTA) that unifies the existing ties in one body.
Members of the European Parliament discussing the agriculture budget said that compensation for beef farmers that could face Mercosur competition, if a trade agreement is finally reached, “is not enough” and anticipated that “we will not accept sweeteners in this area”.
There are concerns in Nicaragua about the health of Venezuelan President Hugo Chávez, with whom the Central American government has signed trade agreements without the participation of Nicaraguan businesspersons, DPA reported.
Representatives of the governments of Mexico and the Central American countries wrapped up a fifth round of talks on a regional free trade agreement last week. The negotiations took place in Mexico City, with the next round of talks to be held in August in El Salvador.
Nicaragua joined on Tuesday the Free Trade Agreement between Chile and Central America, seeking to promote exports bound for the South American country.
Nicaragua and the South American and Caribbean countries that are members of the Bolivarian Alliance of the Americas (ALBA) are negotiating an integration treaty that covers economic, trade and political issues.
Venezuelan and Nicaraguan officials met in Managua on Wednesday to deepen bilateral economic ties with the goal of fostering import substitution, promoting Latin American integration, and creating an economic alternative to US-dominated free trade agreements.
tThe new law establishes a legal framework to regulate the participation of transnational companies and help local organizations and governments to restore local food culture and peasant agriculture despite the CAFTA-DR "free" trade agreement
On April 1, Nicaragua withdrew from FTA talks with the EU in Honduras as it failed to gain support of other Central American countries on the fund proposal for regional development, in which it suggested the EU accounts for 90 percent and Central America 10 percent. Nicaragua accused Costa Rica of demanding "in the last moment" to review the proposal.
The government of Nicaragua is working on a proposal on the role of the company "Gran Nacional ALBA Alimentos." Organization of the venture was agreed some days ago in Cuba by member countries of Petrocaribe, a Caribbean alliance with Venezuela to buy oil under special payment terms and conditions, DPA reported.
Taiwan and Nicaragua ratified their free-trade agreement in Taiwan Thursday, further liberalizing trade.