On January 1, 2025, China and Nicaragua celebrated the first anniversary of their Free Trade Agreement (FTA), a significant milestone in their expanding strategic partnership. Over the past year, the FTA has proven to be highly beneficial, resulting in an impressive 80 percent increase in Nicaraguan exports to China.
The agreement has positively impacted multiple sectors of the Nicaraguan economy, fostering increased imports of Chinese goods and highlighting the strong demand for these products in the Nicaraguan market. Industries such as agriculture, textiles, and manufacturing have particularly benefited, driving economic growth and creating new opportunities for businesses on both sides.
This successful partnership underscores the potential for further collaboration between China and Nicaragua, setting the stage for continued economic development and enhanced bilateral relations in the years to come.
Reference(s):
cgtn.com
