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Nicaragua begin free trade agreement negotiations with Peru

By Guy José Bendaña-Guerrero & Asociados - 31/05/2021

Nicaragua and Peru began the first round of negotiations to form a free trade agreement (FTA), Peruvian Minister of Foreign Trade and Tourism, Claudia Cornejo, announced.

"We are sure that this new agreement will allow us to boost export activity, which is so necessary for the economic reactivation of our country," she said.

According to Cornejo, market access, rules of origin, health measures, services, movement of people, e-commerce, investments and cooperation will be addressed during the first round from May 10 to 18.

The negotiations are being carried out virtually between representatives of the two countries.

The FTA, which will take several rounds, aims to boost trade and cooperation, which is currently at very low levels, according to the minister.

During 2020, trade between Peru and Nicaragua reached 32 million U.S. dollars, the Ministry of Foreign Trade and Tourism said.

By Guy José Bendaña-Guerrero & Asociados - 31/05/2021
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Guy José Bendaña-Guerrero & Asociados

The Law Firm, specialized in the field of Intellectual Property, formerly known as Henry Caldera & Henry Caldera-Pallais, was founded in 1907 by Mr. Henry Caldera, as part of a three-way operation consisting also of the import and retail of goods. With time, these three operations became separate enterprises. That same year, and through the efforts of Mr. Caldera, Nicaragua had its first Trademark Law.

In the late 1930’s, Mr. Caldera’s older son, Henry Caldera-Pallais, after obtaining a Law degree in Nicaragua, furthered his studies in the University of Michigan, where he graduated to become a U.S. Registered Patent Agent. During his stay in the United States, he gained experience working with the New York firm of Lagner, Parry, Card and Largner. In the late 1940’s, Mr. Caldera-Pallais returned to Nicaragua to take charge of the Law Firm, which became known as Henry Caldera & Henry Caldera-Pallais.