The Ministry of Commerce of China announced that China officially signed a free trade agreement with Nicaragua.
According to a press release issued by the official website of the Ministry of Commerce, the Minister of Commerce of China Wang Wentao and Nicaragua President Investment, Trade and International Cooperation Consultant Laureano Ortega, on behalf of the Government of China,Sign the Government of the People's Republic of China and the Government of the Republic of Nicaragua.
The news release refers that the Signing Signaling China Free Trade Agreement is an important measure to implement the consensus of the leaders of the two countries.After the two countries launched the negotiation of the Free Trade Agreement in July last year, the work teams of the two parties conducted negotiations intensively, and the negotiations were promoted at high speeds and high standards, and the negotiations were completed within one year.
Through the Free Trade Agreement, the two countries will achieve high -level mutual opening in the fields of goods trade, service trade, and investment market access.The rules of cases in each field fully reflect modernity, high levels and inclusiveness.
According to China CCTV News, this is the first time that China has signed a free trade agreement for open cross -border service trade (including financial services) and investment in a negative list.According to the agreement, the final zero -tariff products of both sides accounted for more than 95%of the overall tax purpose.The products that enjoy zero tariffs include Chinese -made cars (including new energy vehicles), motorcycles, batteries, photovoltaic components, clothing and textiles, etc., as well as beef, shrimp, coffee, cocoa, etc. produced in Nigeria.
According to reports, the Sino -Nine Free Trade Agreement is the 21st Free Trade Agreement signed by China. Nicaragua is the 28th free trade partner in China.The fifth free trade partner in Latin America.
It is reported that the signing of the Free Trade Agreement is an important milestone in the history of bilateral economic and trade relations in China, which is conducive to continuously releasing the dividends of the two countries, further stimulating the potential for bilateral trade investment cooperation, and promoting the upgrading of Sino -Nine economic and trade cooperation to upgrade the quality upgrade upgrade, Benefit the two countries and peoples.After the agreement is signed, the two parties will perform their respective domestic procedures and promote the early implementation of the agreement.
Data show that mainland China and Nicaragua established diplomatic relations in 1985, and in 1990, Nicaragua established diplomatic relations with Taiwan to break diplomatic relations with mainland China.On December 9, 2021, Nicaragua announced that she had broken diplomatic relations with Taiwan. The next day, with mainland China signed a joint communiqué for restoring diplomatic relations with the Republic of the People's Republic of China and the Republic of Nicaragua in Tianjin to restore ambassador diplomatic relations.
