Chinese Foreign Minister Wang Yi, a member of the Political Bureau of the Communist Party of China Central Committee, met with Nicaraguan presidential advisor Laureano Ortega and Foreign Minister Valdrack Jaentschke in Beijing on Monday, signaling deepening collaboration between the two nations.
Wang emphasized China's commitment to bolstering bilateral cooperation, particularly in trade, infrastructure, and technology under the Belt and Road Initiative. Laureano Ortega, overseeing investment and international cooperation for Nicaragua, highlighted the 'strategic importance' of aligning with China's development vision. The meeting followed Nicaragua’s 2021 decision to switch diplomatic recognition to Beijing from the Taiwan authorities, a move Wang praised as 'a correct choice that serves fundamental interests.'
Economic data shared during the talks revealed a 20% year-on-year increase in bilateral trade since 2021, with Chinese investments flowing into Nicaraguan energy and transportation projects. Jaentschke reiterated Nicaragua’s support for Beijing’s sovereignty and development interests, reflecting growing political alignment. Observers note the talks may pave the way for expanded agricultural exports from Nicaragua to the Chinese mainland.
