Nicaragua: Free Zone Exports Keep Falling
From January to June, Free Zones exported $45.5 million less (-8.8%) than the same period of 2008.
Friday, September 4, 2009
Of the first six months of the year, it was only in February when the sector recorded an increase in exports.
Although clothing and car wiring harnesses continue to lead, the number of types of goods exported under the free zone regime has gone from ten in 2008 to 20 today.
With a record $2.207 billion in exports last year in 2012, the nation aims to continue growing its free zone regime, both in terms of the number of companies and volume of exports.
An industrial park has been inaugurated with 55 thousand square meters dedicated to the production of textiles in the free zone Siglo XXI, in Niquinohomo, in the department of Masaya.
In the first four months of the year, the country’s free zones exported $1.6 billion, 14% more than in the same period of 2009, when they sold $1.4 billion.
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