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Sandinista de Liberación Nacional (FSLN) government led by President Daniel Ortega argued that the tax – which was repealed for Honduras in 2003 – was no longer necessary following a 2012 ruling by the International Court of Justice (ICJ) on the dispute.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.End of preview - This article contains approximately 649 words.
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