A delegation of businessmen and government officials from Nicaragua will meet with Guatemalan entrepreneurs from the agricultural sector in order to persuade them to invest in their country.
"We have opportunities for crops such as cocoa, rubber, oil palm and sugar. We are aiming to explore and exploit our lands, in other countries land is scarce, there is land in Nicaragua, and a lot of it," said Alvaro Baltodano, Nicaragua's presidential delegate for the Promotion of Investments, reported Elperiodico.com.gt.
Several Guatemalan companies are already operating in Nicaragua, such as Grupo Pantaleon who aquired the Monterrosa sugar mill, Organización Leal y Spectrum, which is developing a housing and tourism complex in the resort of San Juan del Sur.
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Nicaragua already exports products worth $1,300,000 to the Asian country and is keen to promote its agriculture and tourism sectors.
An official Taiwanese delegation headed by Deputy Foreign Minister Nonrischai Jullapong, visited Nicaragua to attend the inauguration of the second term of President Daniel Ortega and discuss business opportunities.
ProNicaragua, the state's investment promotion agency and the Millenium Challenge Account are carrying out an Agribusiness forum, with the objective of developing the agricultural industry in Nicaragua's West.
"Seeding opportunities in Nicaragua" is the name of this forum, taking place today in the city of León. Participants include industrial agriculture investors from the US, Mexico and Central America.
In order to optimize the productivity of the dairy sector, the government is looking to attract investment from countries in Latin America.
The Chief Executive Officer from the Official Agency for Investment Promotion (ProNicaragua), Alvaro Baltodano, noted that discussions are ongoing with a delegation of investors from Argentina, without giving further details.
For this new edition opened in Granada, Nicaragua, more than 1,600 business meetings have already been scheduled between the buyers and suppliers participating in the event.
"Conditions are ripe for this (Lac Flavors) to succeed in the sale and promotion of Nicaraguan products, the abundant quantities and skills of the attendees representing companies interested in agribusiness fills us with satisfaction and demonstrates the motivation in the food sector," said Alvaro Baltodano, Presidential Delegate for Investments.