The delegation consisted of executives of the Taipei-based Chinese International Economic Cooperation Association (CIECA), the New Taipei City Computer Association, the Institute for Information Industry and representatives of 15 technology companies.
Within three hours, 10 Taiwanese IT companies completed 60 rounds of business conversations with Nicaraguan buyers, receiving nearly US$200,000 in orders. The networking event also led to over US$1 million in business opportunities for Taiwanese suppliers over the next year.
Taiwanese Ambassador to Nicaragua, Ingrid Hsing, addressed the opening of the conference, while stating that “thanks to a Taiwan-Nicaragua free-trade agreement, Taiwan has become Nicaragua’s top export market in Asia”, while assuring that more than 30 Taiwanese enterprises have invested in Nicaragua, creating about 7,000 job opportunities.
CIECA chairman, Wang Chung-Yu, who led the delegation, mentioned that Taiwan’s high-tech industry, which is one of the world’s key players in the sector, is more than qualified to help with Nicaragua’s technological advancement, which will in turn narrow the gap between rich and poor, helping to accelerate the country’s economic development.
The Nicaraguan Industry and Commerce Minister, Orlando Solorzano, stated that Taiwan is one of Nicaragua’s best business partners and called for Taiwanese solar panel, motorcycle assembly and other industrial manufacturing companies to take advantage of Nicaragua’s inexpensive labor costs, free trade privileges and geographic convenience to boost their exports from Nicaragua to other Latin American markets and the U.S.
Jose Adan Aguerri, President of Nicaragua’s Superior Council of Private Enterprises (COSEP, for its acronym in Spanish), urged the Nicaraguan government to emulate the Taiwan experience of nurturing science and technology manpower to help the country lift its people out of poverty.
The road show attracted 150 visitors, including Nicaraguan trade and investment officials, business leaders and academics from 15 Nicaraguan universities and colleges.
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PRONicaragua is the Nicaraguan Investment Promotion Agency, established in 2002. It is a non-profit, public-private institution whose mission is to generate economic growth and job creation in Nicaragua by attracting high-quality foreign direct investment. The agency provides complimentary support services to qualified investors seeking investment opportunities in our country.