Nicaragua and Taiwan Increase Commercial Trade

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

Tuesday, February 10, 2009

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."

"Moreoever, the Taiwanese diplomat guaranteed that the Asian country will maintain the cooperation that it has offered to Nicaragua for many years through different projects, among them are various governmental projects targeted to the economic sector and for the reduction of poverty."

More on this topic

More opportunities with the Nicaragua - Taiwan FTA

November 2017

The new trade agreement increases the export quota of sugar to 60 thousand tons, and eliminates the export tariff of bovine offal to the Asian island.

Laprensa.com.ni explains that "...The expansion was agreed at a meeting between the delegations of the two diplomatic allies, headed by the general director of the BOFT, Yang Jenni, on the Taiwanese side, and his Nicaraguan counterpart, Cristian Martinez, held on Thursday."

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.

Increase in Nicaraguan Exports to Taiwan

October 2012

Since the entry into force of the FTA with China, exports reported an increase of 547%.

Taiwan's ambassador in Nicaragua, Ingrid Hsing, said exports in 2006 totaled $5.7 million, but by the end of 2011 they had increased to $38.9 million.

In the current year, beef exports alone have generated revenues of $12.6 million.

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.

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