Nicaragua boosts exports to US by 18 percent
Nicaragua's exports to the United States rose by 18 percent in this year's first quarter, compared with the same period of last year.
Monday, June 30, 2008
Paul Trivelli, the US ambassador to Managua, said the increase was a result of the introduction of Cafta. Nicaragua exported goods worth US$417 million to the United States in the first quarter.
In the last three years the United States has ceased to be the main destination for Panama's exports.
In November, Guatemalan exports to the U.S. fell less than previous months.
The chief economist at the Central American Bank for Economic Integration (BCIE), Pablo Rojas, said that the regions possibilities for export to the United States continue to be favorable despite the economic recession that is affecting the country to the north.
In the first three months of this year, Guatemala exported 849.77 million dollars worth of goods to the United States, an 11.71 per cent increase over the same period of 2007, despite the prospect of a slowdown in the U.S. economy.
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