China and Nicaragua signed a free trade agreement

/Pogled.info/ On August 31, China and Nicaragua signed a free trade agreement, which is the 21st such agreement between China and a foreign country. With it, Nicaragua becomes the 28th free trade partner of China in the world and the 5th in the Latin American region after Chile, Peru, Costa Rica, Ecuador.

A representative of China’s Ministry of Commerce said that zero-tariff products will account for more than 95% of goods in bilateral trade. Among them are Chinese cars (including with new energies), motorcycles, photovoltaic modules, clothes, textile products, beef from Nicaragua, shrimp, coffee, cocoa and others.

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