Nicaragua: Increased Export Quotas for Taiwan

The private sector proposes to negotiate with the government of Taiwan an increase in the export quotas for products such as peanuts and sugar.

Wednesday, July 15, 2015

Exporting companies will be proposing to the government of Daniel Ortega that the visit by the President of Taiwan, Ma Ying-jeou be used to request an increase in export quotas for agricultural products. In 2014 total exports to the Asian island amounted to $65.8 million.

Jose Adan Aguerri, president of the Superior Council of Private Enterprise (COSEP), told that "... We will raise the issue at a meeting we will have with the Productive Cabinet of the Government, (because) of the need to raise more fees on groundnut (peanut) and sugar. "

"... Nicaragua and Taiwan have had a Free Trade agreement in place for seven years, with quotas set for peanut and sugar exports. "

More on this topic

Bilateral negotiation Between Nicaragua and South Korea

August 2016

Prawns, cheese, honey, vegetables, peanut oil, peanuts, raw sugar and fruits are some of the products that people want to have duty free status under the FTA.

In the framework of bilateral negotiations for free trade between the two countries, Nicaraguan businessmen pointed out that there are several products that are in the list for staged tax relief, such as shrimp, cheese, honey, vegetables, peanut oil, peanuts, sugar raw and fruits, but they are looking for a "better tariff treatment" for others that are pending negotiations.

Nicaragua: Trade Measures Against Tobacco and Peanuts

May 2014

A bill to subsidize the production of peanuts in the U.S. and an initiative that would restrict imports of machine-made tobacco has caused concern in the private sector.

The agricultural bill and the initiative sent to consultation by the FDA in the United States includes the establishment of $10 as the price parameter for classifying cigars as premium and in the case of peanuts, raising production of grain by 30% through the application of an agricultural subsidy.

Sugar Quotas are Responsibility of Central America

September 2013

The European Union will not mediate in the distribution between the Central American countries of the sugar quota of 60,000 tonnes allocated to the region.

"The European Union will only check the total regional quota has been reached and will not intervene in how it is distributed among the five Central American countries.

Nicaragua: Peanut Exports Keep Growing

March 2013

During 2013, Nicaragua plans to sell 600,000 more quintals of peanuts than in 2012, when 3.6 million quintals were exported, for a revenue of $132 million.

"Exports as a whole will increase (20%) in 2013, although the increase is because we are going to export greater volumes," said Joaquín Zavala, vice general manager of Comercializadora de Maní, S.A., Comasa, which contributes to almost 90% of foreign sales of the product.

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