On the afternoon of December 10, Yu Jianhua, Vice Commerce Minister and China International Trade Representative, and Nicaraguan representative Laureano Ortega held a virtual meeting to exchange views on deepening China-Nicaragua practical trade and economic cooperation.

Yu stated that on December 10, a landmark date for the relations between the two countries, China and Nicaragua resumed diplomatic ties, bringing new historic opportunities to bilateral trade and economic cooperation. Following the guidance of leaderships of the two countries, China is ready to work with Nicaragua to plan and develop China-Nicaragua trade and economic cooperation that is mutually beneficial, standing at a high starting point and up to high standards, for a new bilateral commercial landscape and more sound and dynamic bilateral relations.

Yu stressed that the speech delivered by President Xi Jinping at the Third Ministerial Meeting of the Forum of China and the Community of Latin American and Caribbean States (CELAC) charted the right course for the high-quality development of China-Latin America relations in the new era. China welcomes Nicaragua to play an active role in the Global Development Initiative, and stands ready to strengthen plan coordination under the framework of the high-quality BRI cooperation. The two countries consider to build an inter-authority cooperation mechanism to facilitate trade, expand investment and infrastructure cooperation, promote green and digital innovation, enhance multilateral and regional cooperation to translate the complementary advantages between the two economies into all-round cooperation outcomes. China welcomes Nicaragua to take part in China International Import Expo, China International Fair for Investment and Trade, China-LAC Infrastructure Forum and other events to be held the next year.

Ortega stated that resuming diplomatic ties with China is a historically significant decision made by Nicaragu and it will uphold the “One China” principle. It highly values and looks forward to joining the Global Development Initiative and the Belt and Road Initiative proposed by President Xi Jinping. Nicaragua-China trade and economic cooperation enjoys huge potentials and promising prospects. Nicaragua attaches great importance to developing its commercial ties with China, and expects an early establishment of Nicaragua-China inter-governmental mixed committee on economy and trade to promote connectivity and commercial exchanges, expand import and export, participate in exhibitions and expos hosted by China, and broaden cooperation in such fields as infrastructure, agriculture and fisheries, mining, clean energy and digital economy. Nicaragua will provide a favorable investment and business environment for Chinese enterprises and help them develop central American markets by taking advantage of its geographical location.

(All information published on this website is authentic in Chinese. English is provided for reference only.)