The announcement was made to El Nuevo Diario by the head of the commercial sector of the Brazilian Embassy in Managua, Ariel Seleme, who added that the investment will be made under the free zone regime. Being breaking news the diplomat was not able to say how many new jobs the company will generate.
As a means of strengthening trade ties between the two nations, the creation of a bi-national chamber of commerce is being developed, which could begin operating early next year, said Seleme.
"The idea is to bring the private sectors of both countries closer together and look at the possibilities for increased trade. There is already a Brazilian-Nicaraguan Chamber in Sao Paolo, so this is a natural step to improve the flow of trade. "
Source: elnuevodiario.com.ni
More on this topic
March 2012
As of January 3rd, 2012 the Salvadoran Chamber of Commerce of Quebec was established with the Federal Government of Canada, and will be officially launched today.
In the statement the Consul General of El Salvador in Montreal, Veronica Pichinte said that "the active participation of Salvadorans through such initiatives helps us gain space in Quebec in the strategic area of investment and business, but it is also a very important step in the consolidation of the organization of the Salvadoran community in this province. "
March 2012
The British Embassy announced the opening, this March 15th, of a British-Costa Rica Chamber of Commerce .
The project is being promoted by the embassy of Great Britain and the investment and trade promotion agency in the country, UK Trade & Investment.
As explained by representatives of the embassy in a statement, one of the "main aspects which informed the creation of the chamber is the affinity with British and Costa Rican firms in the field of the audiovisual and entertainment software industry," reports Nation.com.
September 2011
TechShoes, a company of Brazilian origin, will establish itself under the tax free zone in Nicaragua.
A new investment comes to the shoe making industry in Nicaragua, where foreign companies are already engaged in the production and export of footwear.
Now is the turn of Techshoes, which will invest $10 million in the first stage and expects to create around 1200 jobs over the next eighteen months in the area near the road from Tipitapa to Masaya.
January 2012
The new Nicaraguan - Brazilian Chamber of Commerce unites Brazilian and Nicaraguan entrepreneurs and investors.
Enrique Zamora, General Manager of the agricultural company Agropecuaria LAFISE SA and Chairman of the new chamber said: "Nicaragua has received many benefits from Brazil and is now looking to further strengthen these relations and to promote Nicaraguan exports to that country and the southern region. "
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