From July 3rd to July 5th, 2023, the fourth round of negotiations on the China-Nicaragua Free Trade Agreement will be held in Managua, the capital of Nicaragua. Wang Shouwen, International Trade Representative and Vice Minister of the Ministry of Commerce, and Nigerian Minister of Development, Industry and Trade Bermudez led a delegation to conduct in-depth consultations on issues such as trade in goods, cross-border service trade, financial services, and temporary entry of business personnel. make positive progress. The two sides agreed to work together to complete the negotiations by the end of July. Before the negotiation, Wang Shouwen held a working meeting with Laureano, the adviser to the President of Nigeria and the leader of cooperation with China, and the heads of Nigeria's finance and trade departments, and exchanged views on the development of bilateral economic and trade relations and the negotiation of China-Nigeria free trade agreement.

　　The economies of China and Nigeria are highly complementary and there is huge potential for trade and investment cooperation. Negotiations on a China-Nigeria free trade agreement will start in July 2022. On May 1 this year, the early harvest arrangement of the China-Nepal Free Trade Agreement came into effect. Negotiating and signing the free trade agreement is conducive to further deepening the economic and trade cooperation between the two countries, and laying a solid foundation and adding impetus to the sustainable development of China-Nepal relations.