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WTO Members consider trade agreement involving Nicaragua
By Guy José Bendaña-Guerrero & Asociados
The members of the World Trade Organization (WTO) discussed the agreement between Nicaragua and China, which came into effect on January 1, 2024, during a meeting of the Committee on Regional Trade Agreements (RTAs) held on March 18, 2025.
At the end of the transition period in 2038, 95.2% of tariff lines of China and 94.8% of tariff lines of Nicaragua will be duty-free under the Agreement. Each party will retain tariffs on approximately 5% of tariff lines after full implementation. On trade in services, the Agreement follows a negative list approach and adds new or improved commitments compared to the parties’commitments under the GATS in a number of areas including business services and health services. Moreover, the Agreement includes, among other things, provisions on the environment, competition, dispute settlement, small and medium enterprises, and e-commerce.
China said the Agreement establishes a high level of openness between both economies in terms of trade in goods and services and for investment. China noted that both economies are highly complementary and that there is a great potential for trade and investment cooperation.
Nicaragua said the Agreement, which builds upon the July 2022 Early Harvest Agreement, will produce mutual benefits for both countries. Nicaragua added that the Agreement provides an opportunity to transform the country's structure of production, trading and investment.
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.