This is good news for Central American textile manufacturers. We will have to wait and see what other protectionist measures will be implemented by President Trump.
The possibility that the United States buys textiles from Vietnam at lower prices than those paid by textile manufacturers in Central America seems to have now disappeared, however, in order to measure the true impact of the Trump protectionist policy on trade between US business and the region we will have to wait to see what other decisions on international trade deals are take by the new administration.
The attendance of the president of the rebellious Chinese island to the inauguration of President Ortega and visits to the countries of northern Central America could have profound geopolitical significance.
It is not only the importance of Taiwan for Central Americans in terms of trade and financial assistance to governments in the area.The visit of President Tsai Ing-wen could be related to the turmoil of the global political status quo that will surely arise with the new US government
Central Americans and other Latin Americans are feeling more concerned about what Trump can say or do, than over the only thing that can really change the fate of poverty in the region, which is education.
If the United States withdraws from the Transpacific Agreement, there will be less risk of competition from Asian countries for the Central American textile industry.
If the US does eventually abandon the Trans-Pacific Partnership Agreement (TPP), as promised by President-elect Donald Trump, the Central American textile industry could benefit from the elimination of the possibility that the US, its main market, will buy textiles from Vietnam at lower prices.Since the start of negotiations for the TPP, the Central American textile industry has tried to negotiate bilaterally with the US in order to minimize the negative effects that the TPP could have on the industry in the region.
The choice of Donald Trump as the 45th President of the United States is another clear example of how the deterioration of liberal democracies enlightens the way for the emergence of authoritarian leaders.
(Both the article by Kevin Casas on Nacion.com as well as this editorial prologue on CentralAmericaData.com were written one day before the presidential election in the United States, when the prognosis was that Hillary Clinton had a more than 80% chance of win the election.)
The developer Newland International Properties has agreed with its creditors to a major restructuring of the principal debt in bonds for $200 million.
Newland International Properties, Corp., developer of the Trump Ocean Club International Hotel and Tower Panamá, said the agreement was developed based on information received by the majority of creditors and establishes each of the terms of the financial restructuring of the two entities.
South Africa's Sun International has reached an agreement with Newland International Properties for the acquisition of the casino component of the hotel development in Panama.
Under the terms of the agreement, Sun International will get the casino component of the project, the Penthouse (to use as a private salon), a group of building apartments and the rights that the building has to apply for a casino license, all for a value of $45.5 million.
Investors are threatening a lawsuit against Newland Properties, the owner company, for an alleged breach of bond principal payments in November.
The owners of Hotel Trump Ocean could face legal action from Gary Lundgren, owner of 15% of the bonds that were used as financing for the construction of the building, for an alleged breach by failing to pay the agreed capital in November 2011.
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