Strategic relations between Nicaragua and China are advancing at a steady pace. Senior representatives of the Asian giant and officials of the Central American country held a meeting to consolidate cooperation agreements in economic and commercial areas.
In this way, Beijing and Managua continue to expand their ties, after the signing of the Free Trade Agreement (FTA) that they signed at the beginning of August, which will come into force as of January 1, 2024, an agreement that marks an important advance economic and commercial cooperation.
The meeting was attended by senior representatives of the Government of Nicaragua, including Laureano Ortega, advisor for Investments, Trade and International Cooperation of the Presidency; Ivan Acosta, Minister of Finance and Public Credit; Ovidio Reyes, president of the Central Bank of Nicaragua; and Jesus Bermudez, Minister of Industry and Commerce.
Zhong Shan, leader of the China-Nicaragua Friendship Group of the National People’s Assembly, headed the Beijing parliamentary commission, who also reaffirmed the importance of relations with Nicaraguan government authorities.
Firm commitment: Nicaragua and China strengthen ties of cooperation
Both delegations expressed their firm commitment to strengthening ties of cooperation and friendship, with mutual respect as a principle and for the benefit of both nations.
Zhong Shan reaffirmed Beijing’s willingness to work to strengthen cooperation in areas covering the economy, trade, culture, education and tourism, as well as guarantee the successful implementation of ongoing programs and projects.
The entourage of the Asian nation was also accompanied by Yu Chunsheng, Vice Chairman of the Financial and Economic Affairs Commission; Gong Fanrong, Director General of the Financial and Economic Affairs Commission; Zhong Zhenzhen, Director General of the Financial and Economic Affairs Commission; Qi Dongxiang, Deputy Director General of the Financial and Economic Affairs Commission; and Ren Feng, Secretary.
Nicaragua has 13 trade agreements with China in force, which include bilateral and integration agreements, which benefit approximately 1.5 billion consumers by granting them preferential access.
China considers relations with Nicaragua of “high importance”
In an official message, Chinese President Xi Jinping expressed his high appreciation for the development of relations between China and Nicaragua and his willingness to strengthen strategic communications to continuously improve bilateral relations for the benefit of both peoples.
«I attach high importance to the development of relations between China and Nicaragua, and I am willing to strengthen strategic communications with you to constantly lead bilateral relations to an increasingly better future, for the benefit of our peoples,» said Xi Jinping.
The leader of China recently also extended his congratulations to Daniel Ortega, his Nicaraguan counterpart, on the occasion of the 202nd anniversary of Nicaragua’s independence from the Spanish Crown.
Likewise, Xi Jinping emphasized in this regard that «over time, the Nicaraguan people have firmly defended sovereignty and national dignity.»
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Xi stated: «Nicaragua has advanced on its own development path characterized by independence and self-determination, and has achieved excellent results in the work of nation-building.»