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Nicaragua sets pace for region under Cafta

Friday, May 11, 2012

After six years of record-setting growth in commerce and investment, Nicaragua continues to consolidate its position as the region’s unlikely poster child for Cafta, the regional free trade agreement with the United States.

Though the Sandinista Front initially attempted to block the trade agreement, claiming it would be a “death certificate” for farmers and small producers, the ruling party has changed its tune once in office. The Sandinista government recognizes Cafta’s role in attracting foreign investment, boosting exports and generating employment.

Source: Tico Times