According to the private sector airport infrastructure needs to be improved in order to provide services to meet increasing demand for domestic flights.
Before the start of the next tourist season in the region, the union of private companies in Nicaragua has highlighted the need to improve conditions in the domestic air terminal, in order to provide better services to travelers taking flights to different parts of the country.
Prawns, cheese, honey, vegetables, peanut oil, peanuts, raw sugar and fruits are some of the products that people want to have duty free status under the FTA.
In the framework of bilateral negotiations for free trade between the two countries, Nicaraguan businessmen pointed out that there are several products that are in the list for staged tax relief, such as shrimp, cheese, honey, vegetables, peanut oil, peanuts, sugar raw and fruits, but they are looking for a"better tariff treatment"for others that are pending negotiations.
The union of private companies is preparing a plan for promoting tourism development in San Juan del Sur and Tola, where more than $130 million has already been invested.
The area of San Juan del Sur and Tola, Rivas, has all the characteristics needed to become a tourist destination, but basic infrastructure in the area needs to be improved along with conditions to attract more foreign investment.
From August 8 premium handmade tobacco leaf cigars will be subject to the same regulation as cigarettes manufactured with additives.
A group of tobacco companies in Nicaragua will be holding meetings in the US with local companies who have invested in tobacco plantations and cigar factories in order to assess the impact of the entry into force of the new regulation.
The Government and the private sector have laid the foundation for a strategy to follow to apply for formal admission to the agreement and to take advantage of, among other things, "country of origin".
The benefit of"country of origin"that can be taken advantage of by the member countries of the Transpacific Agreement allows the use of raw materials originating in another country to be used as if they were their own. This "... will be beneficial not only for the free zones themselves but also for SMEs."We are talking about the expansion of markets, because Nicaragua is coming to countries with which it does not have this free trade scheme" said the president of the Superior Council of Private Enterprise, Jose Adan Aguerri.
Reports in Nicaragua indicate that only five companies managed to obtain the certificate which will be needed from July 1st to export by sea.
The Superior Council of Private Enterprise (COSEP warned that a week before the rule takes effect, only five exporting companies have carried out the procedures needed to certify the weight of marine cargo when the rule goes into effect.
The non-renewal of export licenses is the first in a series of negative consequences for Nicaragua for the expulsion of two customs consultants and academics who came to discuss the project of the Grand Canal.
Nicaragua has been left with unrenewed certificates for exports of coffee and textiles to the United States after the government decided to expel three US government officials.
Problems related to lack of infrastructure such as roads, ports and airports could be solved if the bill on public-private partnerships being prepared by the government and the private sector is successful.
The Draft Law on Public Private Partnerships to be presented in the coming days by President Ortega was prepared in conjunction with private sector representatives, explained the president's economic adviser, Bayardo Arce.
The government has made a distinction between the exploitation of natural forests and forest plantations, and has lifted the ban on transporting and exporting wood from the latter.
An article on Elnuevodiario.com.ni reports that "... The government has withdrawn the ban on transporting and exporting forest products by reforesters in the country ... Salvador Mayorga, president of the Association of Reforestation in Nicaragua (Confor), said at the end of the afternoon yesterday that the government informed the Superior Council of Private Enterprise (COSEP) of the decision to suspend this measure for forestry plantations. "
The funds provided by the entity will be used for studies needed to determine the characteristics of the area, the exact location and cost of building the infrastructure, as well as any possible environmental impact on the coast of Bluefields.
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