Nicaraguan sugar producers hope to use free trade agreement to expand exports to China

Published 2023년 12월 1일

Tridge summary

The recent approval of the free trade agreement between Nicaragua and China by the National Assembly of Nicaragua has raised hopes for Nicaraguan cane sugar producers. They aim to expand their exports to China and diversify their market. Before the agreement, both countries had agreed on an annual quota of 50,000 tons of cane sugar exports to China, but Nicaraguan producers believe they have enough capacity to meet the demand of the Chinese market.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Recently, the National Assembly of Nicaragua approved the free trade agreement reached between Nicaragua and China. Nicaraguan cane sugar producers have high hopes for this agreement, and they hope to take this opportunity to actively expand cane sugar exports to China and diversify the export market. Nicaragua’s VOS TV website reported that Mario Amador, chairman of the National Council of Sugar Producers of Nicaragua (CNPA), believes that this free trade agreement is very important and said that after the free trade agreement takes effect, they hope that Able to initiate negotiation procedures with Chinese cane sugar buyers to expand cane sugar exports to China. It is worth mentioning that before the Nicaragua-China Free Trade Agreement was approved, the two countries ...

Source: Foodmate