A statutory amendment will allow Brazil to use a World Trade Organization quota to export beef to the United States.
Nicaraguan producers and exporters have raised concerns about the possible impact of changes in trade policies which are being discussed by the U.S. Congress, which directly affect the export of peanuts, tobacco and meat, the latter product due to possible entry of beef from Brazil.
Sales of rice, cattle, wheat flour, meat and coffee made through BAGSA increased by 10% compared to the previous year.
"Despite the fall in international prices and reduced exports, transactions this year will exceed $720 million, representing growth of 10% compared to 2012," said Enrique Zamora, president of the Board of Bolsa Agropecuaria de Nicaragua S.A. (Bagsa).
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.
The new Nicaraguan - Brazilian Chamber of Commerce unites Brazilian and Nicaraguan entrepreneurs and investors.
Enrique Zamora, General Manager of the agricultural company Agropecuaria LAFISE SA and Chairman of the new chamber said: "Nicaragua has received many benefits from Brazil and is now looking to further strengthen these relations and to promote Nicaraguan exports to that country and the southern region. "
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).
Given the restrictive measures taken by Nicaragua, bean exporters announced the total loss of the U.S. market.
The president of the Association of Producers and Exporters of Nicaragua (APEN), Enrique Zamora, said that an inability to comply with current signed contracts, "U.S. buyers have turned their back to Nicaragua and are looking for beans in other countries," states Laprensa.com.ni.
In September 26 and 27, over 140 exporting companies will contact potential international customers.
Despite the economic crisis, the Asociation of Producers and Exporters of Nicaragua (Apen), organizer of the event, expects to surpass last year's results, when $26 million were negotiated. 30 international buyers have already confirmed their presence.