Japanese Interested in Energy Investments in El Salvador
Toshiba has expressed interest to the Government of El Salvador in investing in the energy sector.
Monday, May 27, 2013
From a press release by the Ministry of Foreign Affairs of El Salvador:
The Deputy Minister for Development Cooperation, Jaime Miranda and the Technical Secretary of the Presidency, Alexander Segovia held a meeting today with a Japanese business delegation which has shown interest in promoting investment projects in the national energy sector.
The delegation was led by Vice President of Toshiba, Akira Matsuzawa and chief representative of the Bank of International Cooperation (JBIC), Satoshi Saki, who found out firsthand about the investment landscape and opportunities for doing business in the country.
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The embassies of El Salvador are to showcase export products from their country and cooperate with private trade missions.
From a press release by the Ministry of Foreign Affairs in El Salvador:
The Foreign Minister, Jaime Miranda, and the president of the Chamber of Commerce and Industry of El Salvador, Luis Cardinal, signed on Monday September 30 an interagency cooperation agreement in the field of trade promotion of El Salvador internationally, which will allow the development of joint activities through diplomatic and consular representation of the country throughout the world.
NanYang Footwear is to invest $3 million in the country to produce footwear and export it to other markets.
From a press release from the Presidency of El Salvador:
The Taiwanese company engaged in the manufacture of footwear NanYang Footwear, in a clear commitment to El Salvador, started operations in the country by establishing and expand its subsidiary in the country under the name of ADI FOOTWEAR SA de CV, with an initial investment of $1.5 million, plus plans to invest an additional $1.5 million and carry out an expansion which will generate more than 1,000 new jobs over the next year.
This week a Japanese trade mission will arrive in the country looking for business opportunities in the alternative energy sector.
From a press release published in Diario de Central America:
In order to conduct business meetings with officials from the Ministries of Economy and Energy and Mines, this week will see the arrival of a delegation from Japan, which is interested in investing in alternative energy, said Byron Escobedo the Guatemalan ambassador in the Asian nation.