No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

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

Latin American Players Make Early Push at Cincinnati Open

Latin American players made an immediate impact as the Cincinnati Open main draw began Thursday, with Argentina’s Mariano Navone and Thiago Agustín Tirante advancing...

Fonseca and Cerúndolo Drawn Into the Same Cincinnati Quarter

The Cincinnati Open draw placed Fonseca and Cerúndolo in the same quarter, with Sinner and Alcaraz both absent through injury.

Costa Rica Flooding Forces 500 Into Shelters as Pacific Side Runs Dry

Two tropical waves in three days left the Caribbean and Northern Zone saturated while the Pacific sits in its driest stretch of the year. Here is what the next four weeks look like.

Nicaragua Bishop Abelardo Mata Says He Is Well After Detention

Catholic Bishop Abelardo Mata, a critic of Nicaraguan President Daniel Ortega, said he is in good condition in an interview broadcast Wednesday by the...

El Niño Deepens Costa Rica’s Divide Between Drought and Heavy Rain

Costa Rica is experiencing two sharply different rainy seasons at once, with a growing drought across the Pacific side and Central Valley while unusually...

Costa Rica Moves Immigration Applications Online for Some Foreign Executives

Costa Rica has moved several immigration procedures for foreign executives and their families online, allowing eligible applicants to complete and track the process through...

Search Intensifies for Missing Hiker in Costa Rica’s Chirripó National Park

Rescue teams continued searching today for a 58-year-old man who has been missing for several days inside Chirripó National Park, one of Costa Rica’s...

Costa Rica’s “Pecho de Rata” Weighs Possible U.S. Plea Deal

Edwin Danney López Vega, the Costa Rican alleged drug trafficker known as “Pecho de Rata,” could avoid a full jury trial in the United...

Costa Rica Study Examines How Water-Resistant Sunscreen Affects Body Heat

Some water-resistant sunscreens may slightly reduce the body’s ability to cool itself during prolonged exercise in hot conditions, according to research conducted at the...
Avatar
🌴 The Weekly Pura Vida

Costa Rica, Once a Week

The week's top stories, weather & insider tips — delivered every Sunday. One email, zero clutter.

🔒 Free. No spam. Unsubscribe anytime.

Loading…

Latest News from Costa Rica

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