Although since signing the free trade agreement, exports to China have grown by 36%, analysts believe it is possible to get more out of the agreement.
Since early 2008, Nicaraguan exports to Taiwan have continued to grow. In just three years, they have sold products worth $68 million as a result of the agreement between the two countries.
Though growth has been significant, experts believe that trade links can be squeezed even further, by involving new producers, large and small, and making them capable of selling their products in Taiwan.
Though it is currently doing well, there are various factors that could hamper the country's future performance.
The volatility of the international oil price, which affects prices paid locally, as well as uncertainty about the transparency of the electoral process due to take place in November, are two of the clouds on Nicaragua's economic horizon.
Key representative/s from the Guatemalan Exporters’ Association last 13-15 October attended the 8th TPO Network World Conference to exchange ideas and best practice around stimulating export-led economic growth and meeting the urgent challenges in the sector.