Taiwan Shows Interest in Nicaragua’s Agro Sector
The Nicaraguan government isn’t the only one interested in growing Nicaragua’s agricultural sector. Taiwan also has plans to stimulate investment in Nicaragua’s burgeoning agricultural sector, said Taiwanese Ambassador in Managua, Jaime Wu.
Wu said Taipei, which in the past has given financial incentives for Taiwanese investors in Nicaragua’s industrial sector, is now starting to give the same incentives for Taiwanese investors who put their money toward Nicaragua’s agricultural sector, in areas such as rice production.
“It’s because of the food crisis. Nicaragua has the potential to cultivate basic grains,” he said. Taipei will subsidize business trips, financing and even worker salaries for investors, with a subsidy cap for each business at $700,000,Wu said.
He noted that Nicaragua’s agriculture sector was the motor for 36.7 percent of export growth during the first quarter of 2008, which reached a record $570 million, largely due to increases in food prices.
Coffee and beef were the top exports, with strong growth also reported in the dairy sector, according to Nicaragua’s ExportCenter, CETREX.
You may be interested
Alajuelense eliminated in the Costa Rican ClausuraAFP and The Tico Times - April 21, 2019
Liga Deportiva Alajuelense tied 2-2 against the reigning champion, Club Sport Herediano, and was eliminated from the semifinals of the…
Costa Rica bets on ending fossil fuel use by 2050Marco Sibaja / AFP - April 21, 2019
Eric Orlich and his wife Gioconda Rojas own two electric vehicles, which they charge at home in the garage thanks…
Pic of the Day: Costa Rica’s Isla Nublar (aka Cocos Island)Alejandro Zúñiga - April 18, 2019
Isla Nublar, the setting for much of the "Jurassic Park" series, is unfortunately not a real Costa Rican island. Cocos…