China, Nicaragua substantively complete FTA negotiations

BEIJING, July 25 (Xinhua) -- Chinese Minister of Commerce Wang Wentao and Nicaragua's Minister of Development, Industry and Trade Jesus Bermudez announced Tuesday that the two countries have substantively completed their free trade agreement (FTA) negotiations.

The announcement was made when the two ministers met via video link. The two sides have agreed to step up relevant technical preparations and fulfill domestic ratification procedures in order to sign and implement the agreement at an early date, according to the Ministry of Commerce.