Nicaragua Free Trade Review Act of 2021

Bill 117 hr 3964, also known as the Nicaragua Free Trade Review Act of 2021, was introduced in the US Congress with the aim of reviewing and potentially terminating the free trade agreement between the United States and Nicaragua. The bill was introduced in response to concerns about the political situation in Nicaragua, including allegations of human rights abuses and anti-democratic actions by the Nicaraguan government.

The bill calls for a comprehensive review of the free trade agreement between the US and Nicaragua, with a focus on whether Nicaragua is meeting its obligations under the agreement. The review would assess whether Nicaragua is upholding labor rights, environmental protections, and other key provisions of the agreement.

If the review finds that Nicaragua is not meeting its obligations under the free trade agreement, the bill authorizes the US government to take action, including potentially terminating the agreement. This could have significant economic implications for both countries, as the free trade agreement has facilitated trade and investment between the US and Nicaragua. Overall, the Nicaragua Free Trade Review Act of 2021 reflects concerns about the political situation in Nicaragua and seeks to hold the Nicaraguan government accountable for its actions. The bill is currently being considered by Congress and has the potential to impact US-Nicaragua relations in the future.