Record Employment at Nicaraguan Free Trade Zones

Companies operating under the free zone regime reported a total of 89.927 employees to December 3, 2010.

Wednesday, March 9, 2011

According to the Central Bank of Nicaragua, this is the highest number of jobs for the sector, since February 2008 when 89.198 persons were employed.

Representatives of the textile sector, which own the majority of the 148 companies operating under the free zone regime, state there are 2 factors leading to employment recovery,"... tripartite working arrangements and the U.S. market recovery, Nicaragua's largest trading partner," reported Laprensa.com.ni.

More on this topic

Nicaragua: Free Zone Exports Up 13%

August 2014

In the first half of the year sales to outside of the free zone regime were $1.138 billion, up 13% from the $1.007 billion generated in the same period in 2013.

The presence of new foreign firms operating under the regime and the rise in the volume produced, despite a reduction in some prices in the international market, explain the 13% increase in exports from the sector.

Free Zones in Nicaragua Growing

March 2012

The growth is reflected in the steady growth in employment in production firms operating under the regime, which together exceed 100 thousand jobs.

The number of employees in factories in free zones reached 103,000 people in March, a record for the sector in Nicaragua, said Alvaro Baltodano, President of the National Free Zone Commission, CNZF. There are 68,019 employees in the textile sector alone.

Nicaraguan Textile Exports Recover

March 2011

In January, textile exports under free zone regime grew by 26.3% in value compared to January 2010.

According to information from the Nicaraguan Association of Textiles and Apparel (Anitec) during the same month last year the increase in volume was 25%, totaling 25.6 million square meters (unit of measurement for clothing), figure which even exceeds the January 2007 exports (21.2 million square meters) before the financial crisis.

Nicaragua: 19 thousand jobs lost in 2008

November 2008

The Free Zone industry lost 19000 jobs, but there is some hope that some will be recovered as a Mexican Consortium could replace at least 9600 jobs.

The figures were estimated by Dean Garcia, a representative of the Nicaraguan Textile Manufacture Industry, Anitex.

He said that the C&C Mexican investors bought three of the companies from Nien Hsing, that are set up in the Las Mercedes free zone.

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