We are receiving a large delegation from the Chinese side. Free Trade | Nicaragua | China
According to a report by EFE on July 4th, Nicaraguan Vice President Rosario Murillo stated on the 4th that a Chinese delegation is currently working on the final stage of formulating a free trade agreement between the two countries in Nicaragua. The agreement is scheduled to be concluded in August.
Rosario Murillo said through official media, "We are receiving a large delegation from the Chinese Ministry of Commerce."
She also said, "We are currently working on the final stage of the China Nicaragua Free Trade Agreement to enhance the potential for economic and trade exchanges between the two sides."
On December 8, 2022, in the capital of Nicaragua, Managua, students holding panda dolls participated in a special concert celebrating the first anniversary of the resumption of diplomatic relations between China and Nepal.
Nicaraguan Minister of Development, Industry and Trade, Hessus Bemoudes, stated that the agreement may be concluded in August this year and will come into effect in January 2024 after approval by relevant departments of both countries.
![We are receiving a large delegation from the Chinese side. Free Trade | Nicaragua | China](https://a5qu.com/upload/images/c29ae2017c7b312998e69016a649a2f2.jpg)
Managua stated that the progress of the trade agreement in terms of text has reached 90%.
According to an agreement signed in 2022, Nicaragua can export beef, seafood, textiles and other products to China with zero tariffs starting from May 1st this year.
In December 2021, Nicaragua resumed diplomatic relations with mainland China immediately after "severing diplomatic relations" with Taiwan.