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Henan Province Issues First China-Nicaragua FTA Certificate of Origin
By Guy José Bendaña-Guerrero & Asociados
On January 1, 2024, the China-Nicaragua Free Trade Agreement (FTA) entered into force. On the morning of January 3, Henan's first Certificate of Origin under the China-Nicaragua FTA was issued to a batch of coach buses exported to Nicaragua through international trade single window in the customs clearance hall of Jinshui Customs in Zhengzhou city.
"With the certificate of origin, these coach buses worth more than 4.8 million yuan can enjoy export tariff reduction of about 240,000 yuan when they are cleared in Nicaragua. Benefiting from FTA tariff concessions, our products will be more competitive. We are more confident in stabilizing foreign trade and exploring emerging markets,” said the representative of the enterprise.
Nicaragua is China's fifth FTA partner in Latin America after Chile, Peru, Costa Rica, and Ecuador. With the China-Nicaragua FTA — China's 21st free trade deal with another country — taking effect, more than 95 percent of their products will eventually be subject to zero tariffs, such as the top exports of Nicaragua including beef, shrimp, coffee and cocoa, and China's products including automobiles ,new-energy vehicles, motorbikes, batteries, photovoltaic modules, garments and textiles, shoes and boots, etc.
"The China-Nicaragua FTA will make the foreign trade enterprises enjoy greater tariff reductions, which is positive to the expansion of international market share and Henan's imports and exports." said the head of Zhengzhou Customs Tariff Division. At present, Henan's imports from Nicaragua, such as men's T-shirts, gym shorts, baseball caps, and other commodities, and exports to Nicaragua, such as automobiles, aluminum stranded wires, tyres, and other commodities can enjoy tariff cuts.
An officer of Zhengzhou Customs said that they will continue to improve the publicity, implementation, and guidance of FTA tariff preferential policies, and help enterprises to make full use of tariff concessions under the FTA and other preferential policies with the purpose of making a good start in the new year by boosting imports and exports in the aspects of scale and quality.
Guy José Bendaña-Guerrero & Asociados
GUY JOSE BENDAÑA GUERRERO & ASOCIADOS has a long and prosperous tradition in the field of intellectual property (IP) in Nicaragua, with roots that go back to more than 100 years, resulting on long-term relationships with renowned clients and attorneys worldwide.
The firm has its origins in the law firm Henry Caldera & Henry Caldera-Pallais, founded in 1907 by Mr. Henry Caldera. That same year of 1907, through the efforts of Mr. Caldera, Nicaragua had its first Trademark Law. In the late 1930’s, Mr. Caldera’s oldest son, Dr. Henry Caldera-Pallais, after studying law in Nicaragua, attended the University of Michigan, where he graduated as a Registered U.S. Patent Attorney. Dr. Caldera-Pallais in 1964 was a founding member of the Interamerican Association of Intellectual Property (ASIPI), the first regional intellectual property organization in the Americas. The firm continued to grow during the administration of Dr. Franklin Caldera, son of Dr. Caldera-Pallais, who obtained his doctoral degree in law from the Universidad Centroamericana in 1973.
Since 1985 the current partners, Dr. Guy José Bendaña Guerrero and Mrs. Blanca Aragón de Bendaña, took over the management of the firm. Dr. Bendaña Guerrero, Director of the firm, has distinguished himself as one of the most respected authorities in Central America in the field of intellectual property and law in general, being the author of several books such as “Course of Industrial Property Law”, “Study of the new Laws of Industrial Property” and “New Study of Contracts “, among others. Mrs. Aragón de Bendaña has served as the firm’s general manager and, thanks to her excellent management, the firm has been in constant growth, with a highly qualified staff committed to excellence. Since 1996, partner Julián José Bendaña Aragón joined the firm, and has been standing out as one of the most recognized attorneys in the field of intellectual property.
We have adapted to the constant change of the business world, supporting our clients in finding the most appropriate legal solutions for each moment. The firm distinguishes itself by understanding the needs of its clients, offering personalized service and adding value to its activities.
Nowadays we continue to be the leading firm in Nicaragua in the area of intellectual property, and at the same time, we have been consolidating other areas of service within the civil, commercial and labor fields, as well as litigation and consulting in general. The firm is well positioned to guarantee a pragmatic service that meets the requirements of the most demanding clients.