After the first case of covid-19 was reported in the country, the private sector is asking authorities to close the borders partially or completely and to have people entering the nation examined and quarantined if necessary.
Jose Adan Aguerri, president of the Superior Council of Private Enterprise (COSEP), explained that among the measures taken by the companies for this emergency is the creation of a critical department so that the companies that the staff is working in three different places in case any of them is affected, have guns to measure the temperature of customers who come to the company and not allow them to enter with fever.
After the political and social crisis that began in April, the Nicaraguan economy will lose more than $1.3 billion this year, and GDP could decline by 4%, together with the collateral effects suffered by the countries of the region.
Several indicators have reflected the weak performance of the country's economy since the crisis began. One of them is the IMAE, as the Central Bank of Nicaragua reported that following the trend that has been observed since May, in September the index reported a 4.3% decrease compared to the same month in 2017.
Businessmen in Nicaragua reported that from January to September sales of furniture and wood showed a decrease of 60% compared to the same period in 2017.
According to the second Monitoring of Economic Activities in Nicaragua, of the Superior Council of Private Enterprise (Cosep) and the Nicaraguan Foundation for Economic and Social Development (Funides), under the political and social crisis that has affected the country for more than six months, sales of the furniture sector have reported negative results.
Arguing that the law of creation of the Nicaraguan Company of Imports and Exports attempts against free market, the business sector demands to abolish the proposal.
The Superior Council of Private Enterprise (Cosep) strongly opposes the approval of the Law that aims to create the Nicaraguan Company of Imports and Exports (Enimex), which would allow the State to conduct commercial transactions.
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.
The Nicaraguan side is all ready for cargo transported to and from the port of Limón to save 250 kilometers, but the poor condition of a section of road in Costa Rica is preventing it.
The idea for the construction of the bridge over the San Juan River within the territory of Nicaragua, was to speed up freight between that country and the ports in Limon, on the Caribbean coast of Costa Rica.
The Superior Council of Private Enterprise opposes the proposed "patriotic tax" of 35% on Costa Rican products and services.
The proposal by the Nicaraguan former Foreign Minister Francisco Aguirre, to charge a 35% tariff on products entering from Costa Rica has been rejected by the Superior Council of Private Enterprise (Cosep). The destination of the proposed tax revenue would have been used to cover expenses with the International Court of Justice where both countries maintain a border dispute.
The European Union will not mediate in the distribution between the Central American countries of the sugar quota of 60,000 tonnes allocated to the region.
"The European Union will only check the total regional quota has been reached and will not intervene in how it is distributed among the five Central American countries. The distribution and quota management is an internal matter for the Central American region," said Klara Klanska, commercial counselor of the EU to Central America.
The U.S. Undersecretary of Commerce stated that Nicaragua no longer needs tariff preferences for its textile industry.
Nicaragua's textile industry could lose tariff preferences in 2014, said an American official who believes that renewal is unnecessary .
"I think that this is an industry that could compete globally today and maintain its position in the market (...) with or without " those preferences, said Walter Bastian, U.S.
Nicaraguan businessmen fear that the United States could retaliate against the country and that this would affect exports, investment and remittances.
Employers petitioned President Daniel Ortega to reconsider its offer of asylum to former U.S. consultant Edward Snowden. "We believe that there are no conditions for asylum," said the president of the Superior Council of Private Enterprise (Cosep), Jose A.
The pressing need for predictability in exports to Venezuela is inducing the Nicaragua principal business leader to ask for the country's entry to the chaotic South American bloc.
Statements by Nicaraguan businessmen to the effect that Nicaragua requires security in trade with Venezuela are often heard, for which they are advocating a trade agreement between the two countries.
A Nicaraguan business leader announced that its government will maintain equal tax treatment for products imported from countries in the region.
The affected Central American employers expect the Nicaraguan government to sign the rectifying documents as soon as possible so that the Directorate General of Customs can stop collecting the tax from today.