China's Commerce Minister Wang Wentao and Nicaraguan Foreign Minister Denis Moncada, representing their respective countries, signed the early harvest arrangements for a bilateral free trade agreement (FTA) via video link on Tuesday.
Nicaragua, the largest country in Central America, will participate in the China International Import Expo for the first time this year, with its investment environment, leading companies, culture, and tourist attractions showcased in the expo's country exhibition online.
In the fertile mountains of Nicaragua, thousands of small-scale producers grow and process top-quality artisanal coffee, now with the added incentive of potentially breaking into the Chinese market.
Cooperation between China and Nicaragua has been very fruitful and efficient in various fields a year after the resumption of their diplomatic relations, a Nicaraguan trade advisor has said.
China and Nicaragua agreed, on Saturday, to step up negotiations on a comprehensive free trade agreement to deepen mutually beneficial cooperation and advance the development of bilateral ties.
Nicaragua will be able to export some products duty-free to China from May 1 under the Early Harvest Arrangement for a bilateral free trade agreement (FTA), the Customs Tariff Commission of the State Council, China's cabinet, announced on Monday.
Chinese Minister of Commerce Wang Wentao and Nicaragua's Minister of Development, Industry and Trade Jesus Bermudez announced Tuesday that the two countries have substantively completed their free trade agreement (FTA) negotiations.
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.
