This was the message conveyed by Walter Bastian, U.S. Commerce Sub secretary, who remarked that Nicaraguan exports to the U.S. have increased 37% in the four years of DR-CAFTA, going from $500 million to $1.39 billion in 2009.
Bastian remarked that “there has been more trade, but it could be much more if the Government creates a framework for companies to take advantage of the U.S. market”.
Source: laprensa.com.ni
More on this topic
April 2010
Nicaraguan investors remain pessimistic regarding the country’s overall economic perspectives.
Funides, a foundation for economic and social development, conducted a survey among 67 companies between January and February 2010, finding that “investment climate remains much deteriorated”.
November 2009
It seems that not everyone in Funes' Government shares his objective of making investors feel secure.
Referencing policies implemented by Chilean governments, Rafael Castellanos wrote in Laprensagrafica.com: " 1) It is necessary to enlarge the social security network and 2) To reduce poverty we need growth, and to grow we need to attract foreign investment, and for this we need to make investors feel safe, we need them to be sure that the Government won't change the rules at any moment, in the long term required for obtaining returns over investments. Those are two key pillars for Chile's success".
August 2010
The country's businessmen have asked the Porfirio Lobo government for transparency and clear rules to guarantee investments.
During a meeting held with the president, business representatives formed a committee, coordinated by ex president Ricardo Maduro Joest, that will present its findings in the next few weeks.
May 2011
Panama is ranked number 7 in the list of the 48 most attractive cities for investment in Latin America.
San Jose, Costa Rica is ranked 23rd, Guatemala City is 37th, Tegucigalpa is 41st, Managua is 43rd, San Salvador is 44th, and San Pedro Sula is 46th.
This is the second edition of the ranking of the most attractive cities in Latin America for investment, which is a product of joint work by the Center for Competitive Thinking Strategies (CEPEC) at the Universidad del Rosario in Colombia and the Chilean firm Business Intelligence (IdN). It identifies the cities in the Latin American region which bring together the best conditions for investment.
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