Nicaraguan Dictatorship Moves Towards Free Trade Agreement With China: Ortega Receives Xi Jinping’s Ambassador Behind Closed Doors

The dictator Nicaragua, Daniel Ortegaand his wife, the Vice President Rosario MurilloMet with this Saturday Luo Zachi, President of the China Agency for International Development Cooperation (CIDCA). “This meeting reaffirms the brotherhood between the government of the People’s Republic of China and the government of Nicaragua,” a Nicaraguan executive said through official media.

The meeting was held in Managua Behind closed doors Nicaragua to sign deals with China for thermal power generation and construction of social housing.

The President of Nicaragua greeted the members of the CTCA delegation Chen Ji, Chinese Ambassador to Nicaragua.

to Nicaragua, In addition to Ortega and Murillo, one of their children, Laureno Ortega Murillo, attended. Adviser to the President and Vice Chancellor for Investment, Trade and International Cooperation Arlette Marenco.

Also Nicaragua’s Ministers of Finance and Public Credit, Ivan Acosta; Transport and Infrastructure, Óscar Mojica; Energy, Salvador Mansel; Executive Chairman of the Nicaraguan Water and Sewerage Company (Enacal), Ervin Barred; and Ernesto Martínez, CEO of the Nicaraguan Electricity Company (ENEL).

Within the framework of the visit of the President of Sitka, Nicaragua and China signed an agreement on a project. 150 MW thermal power rehabilitation In the Central American country, it will receive support from China.

Another is to carry out a feasibility study of the second phase of the housing project called “Nuevas Victorias” according to official information. This housing project will be developed in three phases over three years. The first phase of the 920-unit housing project will be inaugurated next Sunday, with the president of Sitka in attendance.

Nuevas Victorias is a project to build 12,034 homes in 84 (out of 153) municipalities in Nicaragua’s 15 departments and two autonomous regions, according to Nicaragua’s Minister of Transportation and Infrastructure.

Sitka’s leader announced that China and Nicaragua had “discussed other projects in the fields of education, agriculture and infrastructure.”

Nicaragua re-established relations with China in December 2021, soon after breaking with Taiwan, one of its best economic partners and key collaborators.

Nicaragua and China signed an “Early Harvest Agreement” in July 2022, which is seen as a step before establishing a free trade agreement (FTA). between the two countries.

(with information from EFE)

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