ISDS Case Map
Nicaragua
The dispute goes now to a World Bank body after the abrupt takeover of a gold-processing facility now reportedly controlled by Chinese companies.
US Special Envoy to Latin America stated that they were seeking “options” with their allies in the region to expel the country from CAFTA-DR.
The FTA provides immediate access to that market for 60 percent of the Nicaraguan products.
China and Nicaragua on Thursday signed a free trade agreement (FTA) after year-long negotiations in the latest effort to enhance bilateral economic and trade cooperation.
Chinese Minister of Commerce Wang Wentao and Nicaragua's Minister of Development, Industry and Trade Jesus Bermudez announced that the two countries have substantively completed their free trade agreement negotiations.
China will strive to complete negotiations on a free trade agreement with Nicaragua by the end of July, the Ministry of Commerce said.
China is willing to accelerate comprehensive FTA negotiations with Nicaragua, promoting bilateral development in deepening mutually beneficial cooperation.
The entry into force in 2006 of the CAFTA-DR represented a notable boost to Nicaraguan exports of products made in companies that operate under the free trade zone regime, which required the hiring of a lot of labor.
China and Nicaragua are moving ahead for a comprehensive free trade agreement (FTA) and have formally established a bilateral intergovernmental economic and trade cooperation mechanism.
This Central American country signed the "Early Harvest Agreement", a trade instrument whose objective is to facilitate the bilateral exchange of agriculture-related goods by establishing preferential tariffs.
