HomeArchiveNicaragua seeks economic relations with China

Nicaragua seeks economic relations with China

MANAGUA – Part of the Sandinistas’ strategy to diversify economic and trade relations has been to court the People’s Republic of China without upsetting Nicara-gua’s traditional relations with Taiwan. While pundits have speculated that Nicaragua would be the second country in Central America to dump Taiwan for China, follow- ing Costa Rica’s decision to do so in 2007, so far the Sandinistas have maintained a more artful balancing act between the two Chinas.

 Last month, Nicaragua hosted the second annual ExpoChina trade show in Managua, drawing some 50 Chinese businesses interested in trading electronics, automobiles, farming equipment, medical equipment, cell phones and energy technology. China, according to Ling Fengjie, director of the Chinese trade delegation, is interested in importing Nicaraguan agricultural products, sugar, wood and leather goods.

The Chinese presence, however, has raised some questions about why the second-largest economy in the world is interested in trading with the second-poorest economy in the Western Hemisphere, or if other political interests are at play. Nicaragua’s Nica-China Friendship Association (PRO-NicaChina) is headed by Sandinista comandante Bayardo Arce, President Daniel Ortega’s top economic advisor.

Nicaragua has sidestepped questions about whether China could be using pretext of commercial relations as a beachhead for establishing diplomatic relations.

“The objective of our association is to promote friendship and economic cooperation between people of Nicaragua and China, and it’s up to the government of Nicaragua to deal with issues of diplomacy and political relations,” Nicaraguan delegate Ajax Delgado told The Nica Times. “But our efforts are strictly commercial.”

Delgado stressed that trade with China is “fundamental” to the Nicaragua’s strategy to diversify their markets.

“Right now we are buying Chinese pro-ducts through Panama, the United States, Costa Rica and Mexico. But we want to buy directly from China, ” Delgado explained.

Trending Now

Kilos of Marijuana Seized Off Costa Rica’s Border With Panama

Costa Rica's Coast Guard intercepted a speedboat carrying 2,648 packages of marijuana in the South Pacific this week in an operation coordinated with the...

Honduran Migrant Caravan Heads to US Amid Midterm Elections

Dozens of people left northern Honduras yesterday in a caravan bound for the United States, hoping the congressional elections will weaken U.S. President Donald...

Costa Rica Voted World’s Most Desirable Country by 250,000 Travelers

Costa Rica has been voted the most desirable country in the world by readers of British travel magazine Wanderlust, taking gold in the worldwide...

Costa Rica Hotel Wins Two World Travel Awards, Putting Tárcoles in the Spotlight

A hotel on Costa Rica's Central Pacific coast has won two international tourism awards, bringing attention to Tárcoles, a area known for its crocodile-filled...

Costa Rica Dollar Supply Hits Record 20 Years After Colón Devaluations Ended

The dollar sits near ₡452 as Costa Rica marks 20 years since ending planned colón devaluations. Here's what is driving record dollar supply.

National Geographic Names Costa Rica Central America’s Ultimate Nature Escape

National Geographic's new guide calls Costa Rica Central America's ultimate nature escape and maps six regions for travelers, as US arrivals slip.

Democrats Win Congress but Costa Rica’s US Tariff Stays

Democrats won control of both chambers of the US Congress in Tuesday's midterm elections. The result hands President Donald Trump a divided government for...

El Niño Leaves Gulf of Nicoya Fishermen With Catches Too Small to Pay for Fuel

Fishermen in the Gulf of Nicoya say the unusually warm water El Niño has pushed against Costa Rica’s Pacific coast has left their nets...

Expect Gusts Up to 85 km/h and Rain in Costa Rica This Weekend

Gusts could reach 85 km/h in Costa Rica's mountains and northern Guanacaste today, with rain in the Caribbean and storms in the South Pacific.
Loading…

Latest News from Costa Rica

Costa Rica Coffee Maker Chorreador
Costa Rica Car Rentals
Costa Rica Travel Insurance
Costa Rica Travel