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.
Jaime indicated that there is broad interest in cooperating to produce rice, using the experience of Taiwan and Nicaragua's fertile lands.

More on this topic

$20 million Awarded in Tourism Incentives in Nicaragua

May 2013

During the first quarter, the Intur approved tourism incentives for the purchase of aircraft and three hotel projects.

"Between January and March this year, the Nicaraguan Institute of Tourism (Intur) approved $20.5 million for tourism incentives for small and medium businesses, and expects to increase that amount to more than $51 million at the end of the first half of 2013 ", reported Laprensa.com.ni.

El Salvador Looks to Asia

January 2010

Hugo Martínez, Salvadoran Chancellor, visited South Korea, as the country looks to expand its diplomatic and trade ties with the Eastern Asian region.

Last week, at the Forum for East Asia - Latin America Cooperation in Tokio, El Salvador signed agreements with Taiwan and Japan.

WTO Extends Incentives to Panamanian Industries

March 2009

The export subsidy incentives for Panamanian companies, which would have expired in 2009, were extended until 2015.

The incentives for the Official Registry of Panamanian Industry were extended until 2015 by the World Trade Organization, which attracts business investment.

Nicaragua to lose aid from Britain and Germany

May 2008

The German embassy in Managua and Britain's Department for International Development announced the withdrawal of aid for Nicaragua as of next year.

Representatives of both countries emphasized that the decision forms part of changes in their general policies concerning aid, and has nothing to do with Nicaragua in particular.

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