Maquila Association Commits to Maintaining Investment in Honduras
The Honduran Maquila Association, through its president Daniel Facussé, informed they will continue investing despite the political crisis.
Thursday, July 23, 2009
He added that "...those funds that have not been a result of work, those obtained fraudulently, those are the ones we must bring and put at the homeland's service".
Textile entrepreneurs anticipate an increase in Canadian investment once the trade agreement with this country takes effect on October 1st, 2014.
A Peruvian spinning mill is to invest $15 million in Las Mercedes Industrial Park, and soon three other companies from the call center and textile sectors will be setting up there too.
The Maquila Association reported they are negotiating $150 million investments for 2010.
Nicaraguan industry provides the greatest added value to its products and is the largest FDI recipient ($226.4 million in manufacturing, $114.3 million in mining, and $217.1 million in energy).
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