Bayardo Arce, presidential adviser for economic affairs, talking about the subject noted that the negotiations which have already opened and will be resumed in the next few months, are aimed at "forming an economic partnership that not only about trade but is a joint venture."

"The Free Trade Agreement (FTA) signed with Taiwan has been a boon to Nicaragua, as the country has greatly increased its exports to the Asian market. However, the Nicaraguan government wants to "squeeze more juice " from this FTA. .. ", noted an article in Laprensa.com.ni

Source: laprensa.com.ni

More on this topic

Nicaragua Has More Business Opportunities in Taiwan

January 2013

Opportunities exist every day for Nicaraguan exporters, provided that they make progress in the industrialization and productivity of their products.

"Nicaragua has captivated the Taiwanese taste for the sweetness of its sugar, the softness of its meat, the freshness of its seafood, and the smell and taste of its coffee, there is a good reference for Nicaraguan companies committed to exporting quality products", said the ambassador of Taiwan in this country, Anita Huang Shu-O, in an interview with El Nuevo Diario within the framework of the five years of the term of the Free Trade Agreement.

Nicaragua: FTA with Taiwan can be further exploited

May 2011

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.

Nicaraguan Supply Unable to Meet Demand From Taiwan

July 2010

The supply of Nicaraguan products, particularly food, cannot keep up with demand from the Taiwanese market.

While exports have increased 172%, from $5.4 million in the first six months of 2009 to $14.7 million in the same period of 2010, Anita Huang, economic council to the Taiwanese Embassy in Nicaragua has indicated that the south east asian country's market can cope with more.

Nicaragua and Taiwan Increase Commercial Trade

February 2009

The commercial trade among both countries went from $20.1 million in the year 2005 to nearly $31 million in 2008.

Elnuevodiario.com.ni publishes: "The commercial exchange between China-Taiwan and Nicaragua increased by almost 90 percent last year, which the Ambassador of the Asian country, Chin Mu Wu, attributed to the start of enforcement of the free trade agreement, TLC, among both nations."