The embassy of China will organize a trade fair in late July.
Thursday, June 30, 2011
Over twenty companies from Taiwan will participate in the “Republic of China Taiwan Centennial Fair”, where they will showcase their products and share their successful experiences in international trade.
The fair will also involve Nicaraguan organizations, such as investment promotion agency ProNicaragua, and other entities linked to the export sector and trade with Asia.
An article in Laprensa.com.ni notes, "the Taiwanese delegation is keen to explore and develop opportunities for cooperation, strategic alliances and envisages business alternatives with their fellow Nicaraguans," said the ambassador Hsing.
Hsing believes that trade between China and Nicaragua will continue to grow, within the framework of the Free Trade Agreement in force since 2008. In 2010, Nicaraguan exports to Taiwan generated $29.2 billion, while imports totaled $16.9 million.
Nicaraguan importers could receive funding for up to 85% of the value of their purchase of products from Taiwan.
The information was released by Enrique Zamora, corporate director of BanCentro Lafise, the entity selected by the Embassy of the Asian nation in Nicaragua to manage a revolving credit facility with the Export-Import Bank, Eximbank.
In Taiwan Nicaraguan businessmen closed deals on meat, coffee, seafood and other products, worth a total of $14.2 million.
According to the ambassador of Taiwan in Nicaragua, Y.W. Hsing, during the fair, which was held in June, Nicaraguan food products received more than 120 visits."Their products had a very satisfactory reception with our consumers," he said.
Nicaraguan businessmen are requesting the negotiation of a FTA, in order to sell their products directly.
Exports from Nicaragua to Venezuela jumped from $11.5 million in 2008 to $90 million in 2009. They are channeled through company Albanisa, and the leading category is livestock.
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