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

Free Museums, Films and Music Fill Costa Rica’s Weekend Calendar

Costa Rica is offering a wide range of free cultural activities this weekend giving everyone an opportunity to enjoy live music, movies, theater, traditional...

More Than 2,000 Caught Entering Costa Rica Parks Illegally

Over 2,000 people were caught entering Costa Rica national parks illegally in three years. A new seal now targets tour transport.

Planned US Embassy Visit Leads to Arrest of Man Wanted in Georgia

A man wanted in Georgia was detained in Costa Rica after US authorities flagged a planned visit to the US Embassy.

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 Offers Walk-In Immigration Fingerprinting in San José Today

Costa Rica is offering a special fingerprinting service in downtown San José this morning, giving foreign residents and immigration applicants an opportunity to complete...

Costa Rica’s Public Healthcare System Considers Offering Ozempic and Other Weight-Loss Drugs

Costa Rica's public healthcare system is evaluating medications such as Ozempic and Wegovy to treat diabetes and obesity. The CCSS has not announced when the drugs might become available or which patients would qualify.

Costa Rica Faces an $882 Million Revenue Hole as Courts, Police and Schools Take Cuts

Costa Rica expects to collect about ₡400,000 million ($882 million) less than it budgeted for 2026, and the Finance Ministry is asking lawmakers to...

Your 2027 Marchamo Comes With a Sticker That Lasts 10 Years

Your 2027 marchamo can be checked and paid starting Monday, Nov. 2. If your vehicle has a windshield, it's also the last year you'll...

Costa Rica University Protests Move Forward After Lawmakers Approve New Budget Cuts

Costa Rica's public universities are moving ahead with a major demonstration in San José today after lawmakers approved a controversial reduction in university funding...
Loading…

Latest News from Costa Rica

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