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Taiwan praises trade accord with Nicaragua

Wednesday, July 3, 2013

Taiwanese President Ma Ying-jeou on Tuesday praised a free trade agreement signed by Taiwan and Nicaragua in 2006 for fueling rapid growth in bilateral trade and benefitting both economies.

At a meeting with Nicaraguan Foreign Minister Samuel Santos Lopez, Ma said bilateral trade has risen sharply since the pact took effect in 2007 to nearly $100 million in 2012.

The growth in trade has established Taiwan as Nicaragua's largest export market in Asia and its tenth biggest export market in the world.

Source: CNA