With the trade agreement exports to Mexico rose from $51 million in 2010 to $519 million five years later, and sales to US under CAFTA grew at a rate of 34% annually over the same period.
In the period 2010-2015 exports to Mexico under the free trade agreement signed in 1997 grew at a rate of 59% annually. Businessmen have pointed out that from a business perspective, the Nicaraguan FTAs with Mexico,the United States, Panama, Taiwan and the Dominican Republic have been the most successful.
Falling short of the the amount achieved in 2015, $42 million worth of deals were negotiated in purchase intentions of products such as honey, fresh fruits, processed foods, seafood, vegetables and meat.
Although the goal of the union of Nicaraguan exporters was more than $48 million traded in the 2015 edition of the trade fair, they did manage to achieve $42 million in two days of activity, which was attended by 64 international buyers from the United States, Canada, Guatemala, El Salvador, Honduras, Costa Rica, Panama, Ecuador, Brazil, Spain and Puerto Rico.
In the trade fair deals were struck worth at least $48 million between exporters and buyers interested in tubers, meat, grains and seeds.
Although it is a preliminary figure, representatives from the Association of Producers and Exporters of Nicaragua (APEN) anticipate that the results of this fair will exceed those achieved in the 2014 edition, when businesses deals were made worth $42 million. Added to this preliminary data will be the final results from the virtual negotiations.
The high demands for quality standards, traceability and safety constitute a barrier to making the most out of the Agreement.
In the view of representatives from the Nicaraguan export sector, it has not been possible to make the most out of the association agreement with the European Union in its first two years, due to, among other things, unfavorable international prices, as has been the case of products such as sugar, coffee , cocoa, oil and alcohol.
A consortium of national and international agencies has proposed a plan to improve the quality and productivity of Nicaraguan specialty coffees and their promotion in the European market.
The plan entitled "Strategies for promoting specialty coffee in Nicaragua" seeks to replicate successful experiences in financing, technical assistance and technological innovation models, in order to strengthen the production process of small and medium producers.
Agro-export activity in the region will not be able to compete with efficient producers in Asia if they do not generate more added value and industrialize production processes.
More productivity is what producers and exporters in the Agricultural Sector in Central America need to achieve if they want the competitiveness of their products to be not only maintained, but increased.
A group of industrial companies in the South American country plan to visit the country in late April to explore business opportunities with Nicaraguan businessmen.
The Chilean delegation is composed of representatives from the public and private sectors related to the industrial and recycling area, in order to find out about market and investment opportunities in Nicaragua. At the close of 2014 trade between the two nations was worth $54 million, according to the Chilean embassy in Managua.
A project is being promoted for price risk management in order to reduce losses caused by constant changes in the international price of grain.
The Association of Producers and Exporters in Nicaragua (APEN) together with the Agricultural Exchange, SA (Bagsa) is promoting a digital platform on which producers can consult the international prices of their products and the development of a hedging instrument, ie insurance against falling prices. The proposal also aims to cover producers of rice and sorghum.
Companies participating in the SIAL show in Paris made purchase offer deals worth more than $1 million and generated new markets in Europe and South America for products such as chia, crackers and organic cocoa.
The event was attended by a delegation of 12 member from companies in the Association of Producers and Exporters of Nicaragua (APEN), and succeeded in opening new markets for non-traditional products and increase their knowledge of the European market for future business deals.
The online participation of 60 international buyers has been confirmed in business meetings which will take place in the ExpoApen 2014 fair on September 26th and 27th.
The Association of Producers and Exporters of Nicaragua (APEN) reported that the majority of international buyers participating virtually are interested mainly in tropical fruits, vegetables, tubers, bananas and cashews.
On September 26th and 27th producers and exporters will participate in business roundtables in the fourteenth edition of the international trade fair in Managua.
The Association of Producers and Exporters of Nicaragua (Apen) is organizing the event with the participation of companies in the sectors of Agriculture, Food, Communication Technology, Tourism and Services.
Work is being done on producing better chia seeds in the country in order to meet the demands of international buyers.
Despite being one of the fastest growing crops in Nicaragua, the current shortage of chiaseeds could hinder production. For this reason, the Association of Producers and Exporters of Nicaragua (APEN) is working on the production of a new seed that meets the demands of international buyers.
Generates business opportunities by linking supply and demand of goods and services between Central America and the rest of the world.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (506) 225 4786