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.

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