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LatinNews Regional Monitor: Caribbean & Central America - 17 March 2017

NICARAGUA: Strengthening ties with a neighbour

This month Nicaragua’s 92-member unicameral legislature approved a bill repealing a law (‘Ley 325’) which had established a 35% tax on products from Colombia in 1999 as part of a territorial dispute (which also included Honduras). The ruling Frente Sandinista de Liberación Nacional (FSLN) government led by President Daniel Ortega argued that the tax – which was repealed for Honduras in 2003 – was no longer necessary following a 2012 ruling by the International Court of Justice (ICJ) on the dispute. The move points to more general efforts by the Nicaraguan government to boost trade ties with its neighbour.

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