Free Trade Agreement (FTA) Mexico - Nicaragua

Course summary Free Trade Agreement (FTA) Mexico - Nicaragua:

The Mexico - Nicaragua Free Trade Agreement (FTA) entered into force on 01 July 1998.

The Parties establish a free trade zone pursuant to Article XXIV of the General Agreement on Tariffs and Trade of 1994 (GATT 1994) and Article V of the General Agreement on Trade in Services.

The objectives of the Free trade agreement between Mexico and Nicaragua are to:
(a) Encourage the expansion and diversification of trade between the Parties;
(b) eliminate barriers to trade in, and facilitate the movement of goods between the territories of the Parties;
(c) provide fair conditions of competition affecting trade between the Parties;
(d) increase substantially investment opportunities in the territories of the Parties;
(e) provide adequate and effective protection and enforcement of intellectual property rights in each Party’s territory;
(f) establish a framework for further cooperation between the Parties, as well as bilateral and multilateral cooperation to expand and enhance the benefits of this Agreement; and
(g) create effective procedures for the implementation and application of, and compliance with this Agreement, and for the resolution of disputes.

Trade between Mexico and Nicaragua in 2010 (388.4 million USD), achieved a growth of 29.3% compared to 2009.

Foreign direct investment (FDI) of Mexico in Costa Rica in 2010 was 88.8 million USD, mainly in telecommunications (USD84.1 million) and export processing zones (4.5 million USD), registering a growth of 73.7% relative to the amounts invested in 2009 (51.1 million USD).

Example of the course Free Trade Agreement (FTA) Mexico - Nicaragua:

Subjects covered by the Free trade agreement between Mexico and Nicaragua
- Initial Provisions
- General Definitions
- Access for Goods
- Tariff
- Schedules
- Agricultural Sector
- Sanitary and phytosanitary measures
- Rules of Origin
- Specific Rules of Origin
- Customs Procedures
- Procedures to verify the origin
- Safeguarding
- Unfair Trade Practices
- Trade in Services
- Telecommunications
- Temporary Entry of Business Persons
- Financial Services
- Transparency
- Administration of the Agreement
- Settlement of Disputes
- Exceptions
- Final Provisions

 Educational level: Continuing education / Executive education programs.