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Nicaragua and China sign the early harvest arrangement for the FTA

By Guy José Bendaña-Guerrero & Asociados - 27/07/2022

On July 12, 2022, Nicaragua and China signed the Early Harvest Arrangement for a Free Trade Agreement and jointly announced the beginning of FTA negotiations between the two countries.

Since the resumption of diplomatic relations between China and Nicaragua, the two sides have made joint efforts to efficiently promote bilateral economic cooperation and trade in various fields and achieved pragmatic outcomes. From January to May this year, trade between China and Nicaragua continued to grow, with Nicaragua's export to China increasing by 128.9% year-on-year.

“Signing the early harvest arrangement for the FTA and launching FTA negotiations between China and Nicaragua lays a solid foundation and adding impetus to the sustainable development of bilateral relations,” the Chinese Ministry of Foreign Affairs stated in a press release. “China stands ready to take this opportunity to make joint efforts with Nicaragua to turn the complementary advantages of the two countries' economies into more concrete outcomes as soon as possible, and add more substance to China-Nicaragua economic cooperation and trade,” the press release added. 

By Guy José Bendaña-Guerrero & Asociados - 27/07/2022
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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.