The money would be used to improve a number of areas in the vicinity of the Port of La Unión.
Japan has not announced neither figures nor any financial characteristics of the potential loan.
"According to an official from Japan International Cooperation Agency, El Salvador has a large credit line with them, as it has high borrowing power. He also announced there are fresh resources for environmental and climate change projects", reported Elsalvador.com.
The government of Japan said that it is interested in providing financing for the mega project of a Panamanian subway train.
The special envoy of the emperor of Japan, Masatoshi Wakabayashi, expressed the interest of his government to finance the metro during a meeting with President Ricardo Martinelli. According to Prensa.com, Wakabayashi commented: “Japan has had a lot of experience with urban transportation projects. Not only is there the metro, but also other forms of urban transportation and it is important for us that the Panamanian government defines which way they want to go.”
JBIC, as the state bank is known, will offer $400 million, and Mitsubishi UFJ and Sumitomo Mitsui will provide another $400 million.
The Japan Bank for International Cooperation, the state-owned overseas lender, said it will sign an $800 million syndicated loan for the expansion of the Panama Canal that will help Japan boost trade with the Americas.
If made, the deal would provide a solid framework for increasing trade flows, investment and cooperation.
As part of the Costa Rican delegation's visit to Japan, the Costa Rican Minister of Foreign Trade, Anabel Gonzalez, held meetings with representatives of the Japan’s Ministry of Economy, Trade and Industry and Japanese businessmen with the aim of publicising opportunities for trade and investment in Costa Rica.
Through the SICA countries in the region are assessing the possibility of negotiating a free trade agreement with the Asian nation.
The announcement was made by Guatemalan President Otto Perez Molina, during the II Business Forum between the region and Japan, which included the participation of companies and government representatives from both countries.
The country is looking for suppliers of agricultural and food products to participate in the Foodex trade fair on March 3rd - 6th, 2015.
Representatives from Jethro, an autonomous agency of the Government of Japan are promoting in the region the Foodex 2015 international food fair, where business meetings will be conducted between food providers in different areas of the world and Japanese buyers.
Guatemalan businessmen are being encouraged to participate in the 39th edition of FOODEX 2014, in Japan.
From a press release issued by the Guatemalan Association of Exporters (AGEXPORT):
The Ministry of Economy (MINECO), the School of Foreign Trade and the Department of Trade Promotion and Information AGEXPORT, with the support of the Japanese Embassy in Guatemala, the trade promotion office in Japan JETRO and the Japanese International Cooperation Agency JICA are to hold a Conference entitled: Opportunities and marketing strategies for exporting to Japan, with the aim of promoting trade between Japan and Guatemala.
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