Taiwan to invest in rice production in Nicaragua
Taiwan is curtailing its investment in maquila textile factories in Nicaragua's free trade zone, but plans to reinvest the funds in the agriculture sector in response to financial incentives to grow rice and basic grains.
Thursday, May 1, 2008
The Taiwanese Ambassador to Nicaragua, Jaime Wo, said that Taipei will extend financial incentives to businesses in the agriculture sector to stimulate investment in rice and basic grains in Nicaragua.
The German embassy in Managua and Britain's Department for International Development announced the withdrawal of aid for Nicaragua as of next year.
Hugo Martínez, Salvadoran Chancellor, visited South Korea, as the country looks to expand its diplomatic and trade ties with the Eastern Asian region.
During the first quarter, the Intur approved tourism incentives for the purchase of aircraft and three hotel projects.
The export subsidy incentives for Panamanian companies, which would have expired in 2009, were extended until 2015.
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