Nicaragua's Foreign Minister Denis Moncada visited President Tsai Ing-wen on Monday. President Tsai spoke highly of the progress of economic ties between the two allied nations. She also thanked Nicaragua for supporting Taiwan on the international stage.
Since 2016, when Taiwan and Nicaragua signed a Free Trade Agreement, Nicaraguan exports to Taiwan have increased tenfold. Taiwan is now Nicaragua's biggest market in Asia.
President Tsai said the two countries are continuing to look for ways to increase investment and cooperation:
"We just went to Nicaragua last week to look for investment opportunities. We hope that the two countries can work together. We encourage Taiwanese businesses to invest there as they strive to create mutually beneficial, win-win situations," said Tsai.
Tsai also noted that the two countries have been promoting youth exchanges and Taiwan has also assisted in training Nicaragua's professional talent. She said the two sides will continue to work together to help each other on the global stage.
Source: Radio Taiwan International