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

Is Snoop Dogg’s Costa Rica Concert Still Happening?

Snoop Dogg’s highly anticipated concert in Costa Rica remains scheduled for December 3, despite recent legal developments involving one of the event’s producers. The...

Bukele and Colombia’s President Expected at Costa Rica Prison Opening

Salvadoran President Nayib Bukele and Colombian President Abelardo de la Espriella are expected to attend the Oct. 14 inauguration of Costa Rica's new maximum-security...

Costa Rica Raids 80 Locations in Major Fuel Theft and Organized Crime Investigation

Costa Rica's OIJ carried out 80 raids Friday against an alleged network accused of stealing 654,000 liters of fuel and $1.5 million in cargo, with 22 detained.

Costa Rica Sets Oct. 14 Opening for Maximum-Security Prison Modeled on El Salvador’s

The CACCO will hold up to 5,100 inmates tied to organized crime, opening months after its original deadline.

Juan Manuel Cerúndolo Beats Nicolás Mejía to Set Up Carlos Alcaraz Clash in Shanghai

Argentina's Juan Manuel Cerúndolo advanced to the second round of the Shanghai Masters on Thursday with a 6-4, 6-4 victory over Colombia's Nicolás Mejía,...

Landslide Forces Closure of Costa Rica’s Road to Limon Again

Heavy rain triggered a landslide on Route 32 late last night, forcing authorities to close the mountain crossing used by drivers traveling between San...

Study Counts More Than 557,000 Costa Rican Children in Poverty

A Conare study finds 557,193 minors in Costa Rica's social-aid registry are classified as poor, with Sarapiquí and the Southern Zone hit hardest.

Costa Rica Faces Haiti at a Packed Saprissa With Bryan Ruiz’s Future Undecided

Costa Rica closes its Concacaf Nations League group stage tonight against Haiti, and a national team that went nearly a year without a win...

Rebeca Grynspan Leads UN Secretary-General Vote for Fourth Time

Former Costa Rican Vice President Rebeca Grynspan on Wednesday topped a United Nations Security Council “straw poll” for the fourth time in the race...
Loading…

Latest News from Costa Rica

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