Category: Nicaragua 🇳🇮

A delegation from Nicaragua attended a high-level development conference in China, organized by the China Cooperation Agency. Key members of the Nicaraguan administration represented the country. The presidential advisor for investment, trade, and international cooperation, along with the Minister of Finance and Public Credit, met with Lou Zhaouhui, the president of the hosting agency, to strengthen ties.

The Nicaraguan government has entered into an agreement with the Chinese company Yutong to purchase 500 brand-new buses. This agreement comes as part of the Sandinista government’s efforts to strengthen and enhance urban and rural transportation across the country.

Nicaragua has announced its continued progress in the negotiations of a Free Trade Agreement (FTA) with China, with expectations of finalizing it by August and implementing it in January 2024. The FTA, considered “state of the art” by Nicaraguan Minister of Development, Industry, and Commerce Jesús Bermúdez, covers a wide range of issues.

Nicaraguan President Daniel Ortega has proposed the inclusion of China and Russia as observers in the Central American Integration System (SICA) and the expulsion of Taiwan from the regional organization. During a meeting with the China International Development Cooperation Agency, Ortega emphasized that the majority of countries in the region have already recognized the government of the People’s Republic of China.