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

Costa Rica Unveils New ₡100 Coin Celebrating Limón Calypso

Costa Rica is paying tribute to one of its most distinctive musical traditions with a new ₡100 coin celebrating Limón calypso, a genre deeply...

No Roads, No Cars, Just Tarpon at Costa Rica’s Silver King Lodge

How a remote Caribbean river became tarpon fishing's proving ground, and how Silver King Lodge is reviving it.

Someone Can Sell Your Costa Rica Land While You’re Away

If you own land or a house in Costa Rica that sits empty for long stretches, someone could transfer it out of your name...

Ruling Party Files Bill That Would Let Rodrigo Chaves Run Again in 2030

Legislators from Costa Rica's ruling Pueblo Soberano party filed a constitutional reform on Tuesday that would allow presidents to serve consecutive terms. Its backers...

Usher Returns to Costa Rica and Shares Photos of Guanacaste Getaway

Eight-time Grammy Award winner Usher has returned to Costa Rica, spending several days enjoying the beaches, tropical scenery, and luxury resorts of Guanacaste before...

Pacific Coast Faces Its Highest Tides of the Season Through Saturday

If you live near the shore or have a beach trip planned on the Pacific coast this week, expect the sea to reach farther...

Sarapiquí Bus Crash Toll Rises to Three as Bus Lacked Excursion Permit

A third woman has died following Wednesday's bus rollover in Sarapiquí, and transport regulators say the vehicle was authorized only to carry students, not...

Bukele Says Remains Handed Over in Haiti Do Not Belong to Missing Salvadoran Technicians

El Salvador President Nayib Bukele stated that human remains delivered to Salvadoran forces at a Haitian airport do not belong to the four aviation...

Costa Rica Hospitals Overwhelmed as Patients Wait Up to Eight Days for Treatment

Patients at several of Costa Rica's largest public hospitals are waiting as long as eight days for a hospital bed, with overcrowded emergency departments...
Loading…

Latest News from Costa Rica

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