©image:
CADIN
Exports from Nicaragua to Venezuela jumped from $11.5 million in 2008 to $90 million in 2009. They are channeled through company Albanisa, and the leading category is livestock.
After this considerable increase, Nicaraguan entrepreneurs request the negotiation of a Free Trade Agreement, to expand the list of products with zero tariff. With such agreement, they could sell their products directly, and even triple the volume of exports to Venezuela, they argue.
From Elfinancierocr.com: "United States is the top market for Nicaraguan exports to North America ($325 million). Likewise, El Salvador is its top destination in Central America ($155 million), followed by Honduras ($85 million) and Costa Rica ($49 million). In South America, Venezuela is the leading market ($90 million), followed by Chile ($4.3 million) and Colombia ($2 million)".
Source: elfinancierocr.com
More on this topic
October 2009
In the first 9 months of the year, Nicaraguan exports to Venezuela have grown over 600%.
Oscar Alemán, economic adviser at the Nicaraguan Industry Chamber (CADIN), considers the figure could double or triple, if there was a Free Trade Agreement with Venezuela.
Gisella Canales analyzes the topic in her article in laprensa.com.ni: "Within the framework of ALBA, the Bolivarian Alliance of the Americas, company Albanisa is in charge of buying domestic products and exporting them to Venezuela. Nicaraguan exporters must sell their products to this company. However, Cadin has prepared a proposal for a Free Trade Agreement between Nicaragua and Venezuela...".
July 2011
Satisfied with the current export trend to Venezuela, Nicaraguan business associations want to safeguard them using a formal trade agreement.
Employers believe a treaty for trade relations, which represented $248 million to Nicaragua in 2010, is necessary for stability and independence from political aspects.
June 2011
The embassy of China will organize a trade fair in late July.
Over twenty companies from Taiwan will participate in the “Republic of China Taiwan Centennial Fair”, where they will showcase their products and share their successful experiences in international trade.
The fair will also involve Nicaraguan organizations, such as investment promotion agency ProNicaragua, and other entities linked to the export sector and trade with Asia.
July 2010
The Nicaraguan Superior Council of Private Enterprise (COSEP) highlights the importance of reaching a commercial agreement to give “certainty” to markets.
Venezuela has become the second largest destination for Nicaraguan exports, beaten only by the USA. Exports surpassed $2 million in 2006 and are at $127.2 million for the first six months of this year.
español
1895
