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.
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.
The South American country is the second biggest destination for Nicaraguan exports.
Exporters to Venezuela "must be prepared" to diversify their market, due to the current situation taking place in the South American nation, said Azucena Castillo, general manager of the Association of Producers and Exporters of Nicaragua. Venezuela is the second biggest destination for Nicaraguan exports.
The South American country has sent its own ships to carry food in short supply in this nation such as sugar, coffee, black beans, oil, meat and live cattle.
Last weekend, 1,500 tons of sugar were loaded up in the Port of Corinto, the first shipment of three which will transport 45,000 tonnes of products between May and June. According to the director of the National Port Company, Virgilio Silva, on May 24 another ship docked in Arlen Siu, in the Pacific, to load up 980 heifers with the same destination.
The export sector in 2013 estimated sales of $ 3 billion, a growth of 10 to 12% compared to 2012.
According to Azucena Castillo, general manager of the Association of Producers and Exporters of Nicaragua (APEN), growth will be driven by an increase in export volumes, since on the subject of prices, there are threats to commodities such as coffee and sugar.
In the as yet unquantified number of meetings held, organizers estimate that sales achieved in the year 2012 exceeds $29 million.
Azucena Castillo, general manager of the Association of Producers and Exporters of Nicaragua (APEN), when talking about the issue added that this means a new record in terms of purchase intentions on the part of participants.
The twelfth edition of the ExpoApen Fair that will begin on September 28 in Nicaragua, is expected to attract more than 75 international buyers and close deals worth $27 million.
Azucena Castillo, general manager of the Association of Producers and Exporters in Nicaragua (APEN), organizer of the event told the media that the registered companies "are direct representatives of supermarket chains and convenience stores in Central America, Europe, the United States, the Caribbean and Asia. "
In the two days of meetings representatives from 247 companies negotiated sales of $25 million, surpassing previous figures.
The product which made the most sales was coffee at 55%, followed by fruits and vegetables with 22%, said Azucena Castillo, general manager of the Association of Producers and Exporters of Nicaragua (APEN).
In the coming months, 50 cattle farms will implement a cattle traceability system.
With an investment of $15,200 from the Association of Producers and Exporters of Nicaragua (APEN) and the Village Community Action (APAC) and contributions from producers, unique export codes will be managed by the Ministry of Agriculture and Forestry (MAGFOR) and investment will be made in the acquisition of livestock identification tags.
During the course of 2009, exports dropped 7% when compared with 2009, better than the expected 27% drop.
Exporters sold a total $1.34 billion in 2009, less than in 2008, when $1.45 billion were sold abroad.
Azucena Castillo, head of APEN, the Nicaraguan Exporters Association, addressed next year's challenges: "...diversifying the U.S. and Europe markets, consolidating exports to Venezuela, innovating more in production processes, and responding to non-tariff requirements", reported Elnuevodiario.com.ni.
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