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

Finish Your Government Paperwork by Dec. 21 as Costa Rica Offices Close

The government has ordered seven days of collective vacation for public employees: Dec. 22, 23, 24, 28, 29, 30 and 31. With Christmas, New...

Gas Cylinders Pulled in Costa Rica – Here’s How to Check Yours

If your stove runs on a propane tank, the cylinder you swap at the corner store can be pulled from sale if inspectors find...

Banks and Businesses in Costa Rica Must Accept Digital ID Starting January

Starting January 1, 2027, banks, government agencies, businesses and other institutions in Costa Rica will be required to accept the Costa Rican Digital Identity...

Your $1,000 Now Buys 46,810 Fewer Colones Than in January

The US dollar slipped again in Costa Rica this week, leaving anyone who earns in dollars and spends in colones with noticeably less buying...

Costa Rica’s Dry Season Starts This Week in Guanacaste and the Central Valley

If you live in or are visiting Guanacaste or the Central Valley, the rain is about to switch off. Costa Rica's dry season settles...

Costa Rica’s Grynspan Wins 12 of 15 Votes in Eighth UN Secretary-General Poll

Rebeca Grynspan won 12 of 15 Security Council votes in the eighth UN secretary-general straw poll.

Have a US Visa Appointment Wednesday? The Embassy Will Be Closed

The US Embassy and visa section in San José close Nov. 11 for Veterans Day and reopen Thursday.

Costa Ricans Could Vote on Reopening Crucitas to Gold Mining

Costa Ricans could be asked to decide at the ballot box whether gold mining returns to Crucitas, after President Laura Fernández confirmed that her...

Five Costa Rica Regions on Yellow Alert as Saturday Rain Hits Soaked Ground

If you live in or are traveling through the Central Valley, the Pacific coast or the Northern Zone, you are now under a yellow...
Loading…

Latest News from Costa Rica

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