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Nicaraguan products strengthen presence in China through CIIE Release date: 2024-10-25 Source:China International Import Expo Bureau
Nicaragua, known as the granary of Central America, is rich in high-quality agricultural products. Since restoring diplomatic ties between China and Nicaragua in December 2021, Nicaragua has been using platforms like the China International Import Expo (CIIE) to fast-track its premium products into the Chinese market.
In 2023, Nicaragua sent a high-level delegation to participate in the 6th CIIE. Ahead of their trip to China, members of the delegation expressed optimism. Laureano Ortega Murillo, advisor to the Nicaraguan President on Investment, Trade, and International Cooperation, said, "We have high expectations for the CIIE and hope Nicaragua's high-quality products are set to be well-received in the Chinese market."
Nicaragua participates in the 6th CIIE. [Photo/CIIE Bureau]
During the expo, the Nicaraguan delegation showcased quality Nicaraguan products such as coffee, seafood, beef, and rum to Chinese consumers. This marked the country's first on-site participation in the CIIE, following its virtual presence at the Comprehensive Country Exhibition of the 5th CIIE in 2022.
According to the delegation, they also hope to attract more Chinese businesses and entrepreneurs to invest in Nicaragua through the CIIE, especially in sectors like coffee plantations and beef processing.
Nicaragua's Pavilion at the 6th CIIE. [Photo/CIIE Bureau]
Participating in the CIIE for the first time, Michael Campbell, Nicaragua's ambassador to China, also highlighted the importance of the CIIE for Nicaraguan business community, stating, "We have many high-quality agricultural products, and we are confident they will find a market in China."
Beef is one of Nicaragua's top exports, with the country leading beef production in Central America. During the CIIE, Campbell expressed pride in Nicaraguan beef, hoping more Chinese families could enjoy its rich flavor. In an April 2024 meeting with a Chinese company, Campbell revealed that Nicaragua currently has a cattle population of 6 million, with over 80 percent of its beef exports going to the US and Europe. Nicaragua aims to double this figure in the next five years, with China being seen as the market with the most growth potential.
In addition to beef, Nicaraguan lobster from the Caribbean coast was a crowd favorite at the 6th CIIE, drawing long lines for its sweet and tender meat.
Through the CIIE, Nicaragua's business community gained firsthand exposure to China's massive market of over 1.4 billion people, establishing connections with several Chinese companies.
Since the China-Nicaragua free trade agreement took effect on Jan 1, Nicaragua's exports to China have surged. According to the latest data from China's General Administration of Customs, Nicaragua's exports to China from January to August 2024 reached $47.51 million, up 156.7 percent year-on-year.
As the 7th CIIE approaches, Nicaragua will take part as the guest country of honor at the Comprehensive Country Exhibition. Nicaragua's Pavilion will feature various sections showcasing its culture, tourism highlights, export products, and economic potential, providing a comprehensive look at the country's strengths and unique appeal.
From a virtual debut at the 5th CIIE to an on-site presence at the 6th and now a guest country of honor at the 7th, Nicaragua's commitment to expanding its market in China through the CIIE is stronger than ever.
With the continued benefits from the restoration of diplomatic ties, Nicaragua is set for success at this year's expo, while attendees can expect an unforgettable experience at Nicaragua's Pavilion at the 7th CIIE.
By Zhao Guangmei