Title
China-Nicaragua Free Trade Agreement
Dates of the instrument
Signature: 31 August 2023
Entry into force*: 01 January 2024
Summary
The China-Nicaragua Free Trade Agreement (FTA) aims to enhance mutual openness in trade in goods, services and investment market access. The agreement seeks to encourage trade expansion and diversification, promote fair competition, establish transparent rules, increase investment opportunities, and create effective implementation procedures.
Key paperless trade provisions are found in:
Chapter 12 (Digital Economy):
- Article 12.6 on paperless trading implementation
- Electronic signatures recognition
- Online consumer protection frameworks
- Digital personal data protection standards
- Electronic trade documentation systems
Chapter 4 (Customs Procedure and Trade Facilitation):
- Article 4.10 on information technology use in customs operations
- Electronic customs procedures
- Digital documentation processing
- Automated trade facilitation systems
- Cross-border data exchange protocols
Relevant document(s)
Geographical coverage
People's Republic of China, Nicaragua
Legal nature
Bilateral Trade Agreements
Trade processes
Commercial Processes
Transport Processes
Border and Regulatory Processes
Financial Processes
Trade documents
Commercial Invoice (INV)
Packing List (PL)
Bill of Lading (BoL)
Export/Import License for agricultural products (EIL)
Non-preferential Certificate of Origin (CoO)
Preferential Certificate of Origin (PCoO)
Customs Declaration (CD)
Phytosanitary certificate (ePhyto)
International Veterinary Certificates (WOAH)
ATA Carnet (ATA)
Advance Ruling Application (ARA)
Letter of Credit (LC)
Contact point
Ministry of Commerce, People's Republic of China
https://english.mofcom.gov.cn/ContactUs/index.html
Contact point
Ministry of Foreign Affairs Nicaragua
enlace@cancilleria.gob.ni
* For a model law – entry into force of the law enacting a model law; for a treaty–entry into force