economy
May 9, 2026
The regime eliminates customs duties on China
Daniel Ortega and Rosario Murillo's regime eliminated tariffs on "made in China" products under the Free Trade Agreement (FTA) with Beijing. The new trade liberalization expands the advantages granted to the Asian giant and will facilitate the increase of China's already predominant economic presence in Nicaragua.
TL;DR
- Nicaragua has eliminated customs tariffs on products from China under the Free Trade Agreement (FTA).
- This measure aims to facilitate trade and expand China's economic presence in Nicaragua.
- The decision was made by the Joint FTA Commission and officially announced on May 8th.
- The FTA, effective January 1, 2024, has already seen China become Nicaragua's second-largest supplier.
- Nicaragua has previously offered state land, tax exemptions, and preferential rates to Chinese investors, particularly within Special Economic Zones.