Win over partners through trade

Obviously, the two countries are very contrasting in terms of economic stature. But the above FTA has great significance and importance for both countries not only in terms of economy and trade but also in terms of world politics and geostrategy.

The free trade agreement (FTA) between China and Nicaragua has just come into effect.

Nicaragua is a country in Central America - a place that used to be considered the backyard of the US. The relationship between the US and Nicaragua has not been good for many years. The relationship between the US and China is the same. Therefore, it is not difficult to realize that the US is not happy when China and Nicaragua promote bilateral cooperation.

Recently, a series of Central American countries have decided to switch from diplomatic recognition of Taiwan to recognition of mainland China, showing their intention to abandon diplomatic relations and cooperate with Taipei to win over Beijing. China has taken full advantage of this changing trend to promptly win over Central American countries and bind them into cooperative relations with Beijing. Promoting trade and investment cooperation is the most active trump card that Beijing uses to conquer its partners here, separating them from Washington and Taipei. The free trade agreement with Nicaragua is a breakthrough for China.

Source link: https://thanhnien.vn/chinh-phuc-doi-tac-bang-thuong-mai-185240103225126021.htm