A strategy focused on increasing competitiveness by reducing production costs and facilitating the creation of added value is what industrial enterprises have asked for.
Improving training in the use of new tools and technology and giving more value to final production are two of the main challenges faced by companies in the industrial sector.The union that brings them together is aware that the potential of the country in this sector can not be maximized if aspects affecting global competitiveness are not improved.
Although clothing and car wiring harnesses continue to lead, the number of types of goods exported under the free zone regime has gone from ten in 2008 to 20 today.
Production and export of clothing and wiring harnesses are still the main goods produced and exported under free trade zone conditions, but now others have been added such as as cigars, edible oil, fruits, leather shoes, paper, cardboard, and manufactured leather covers for furniture.
The textile sector claims that the high cost of electricity in the country has become a limiting factor to foreign investment.
The union of textile companies states that more foreign investment could reach the industry if the cost of electricity was not so high.According to Dean Garcia, executive director of the Nicaraguan Association of the Textile and Apparel Industry (Anitec),"... there could be benefits from the entry of textile companies and spinning mills setting up in Nicaragua and producing sufficient raw material for the industry that already exists in the country. "
A report by the Business Intelligence Unit at CentralAmericaData.com notes that in 2015 Central American countries imported $318 million worth of yarns, filaments and textiles, led by El Salvador with $157 million.
El Salvador was the main importer of synthetic filaments, strips and materials similar to synthetic textiles last year, according to data on the Textiles and Raw Materials Market compiled by the Business Intelligence Unit at CentralAmericaData.com.
To compensate for the loss of market which is expected once the Transpacific Agreement takes effect, the textile industry intends to resume FTA negotiations with the northern country.
A free trade agreement with Canada would allow the exporting textile companies to enter a market with high potential, since according to theexecutive director of Camtex, Patricia Figueroa, the country imports more than $14,000 million a year in textiles products and confection of synthetics such and towels, carpets, curtains and tablecloths. "
At the end of the first half of the year maquila textile exports to the United States grew by 13% compared to the same period in 2015.
Figures from the biannual report by the US Office of Textiles and Clothing (OTEXA) show that between January and June Nicaragua sold 255 million square meter equivalents (SME) to the United States generating revenues of $708 million.
From August 16 until December 31 2016 a higher tariff will be imposed on imports flowers, coal, unpulverized cement and clothing.
Although the statement from the Presidency of Panama does not directly referto Colombia, the products for which import tariffs have been increased mainly come from the country that, despite rulings by the WTO to the contrary, hasextended the term for additional tariffs on goods imported from the Colon Free Zone.
Ignoring the rulings from the WTO in favor of Panama, the South American country has extended charge of the 10% tariff until November.
Even though the World Trade Organization (WTO) ruled in favor of Panama and orderedColombia to stop charging the tariff, the government has extended until November 2016 a decree from Marchestablishing a charge ".. ad valorem of a 10% tariff plus a specific tariff of $5 per gross kilo of textiles and footwear. "
For now, Colombia will not comply with the WTO ruling in favor of Panama in the conflict over tariffs on imports of footwear and textiles coming from Panama.
The conflict, which has affected the performance of the Free Trade Zone for more than two years still has no end in sight.Colombia expressed its intention to delay compliance with the ruling that forces the elimination of the mixed tariff,"... Requesting an additional, unspecified, period in which to comply with the recommendations in the ruling in favor of Panama."
Coffee, textiles, clothing accessories and leather are some of the products that have opportunities for being sold in the European country.
In addition to traditional products such as coffee, textiles, leather and accessories, representatives of the Franco-Nicaraguan Chamber of Commerce identified opportunities in the French market for other non-traditional export products such as chia.In 2015 the country exported $32 million worth to the European country and imported goods worth $110 million, according to central bank figures.
Salvadoran industrialists are being invited to sign up to business meetings with four Costa Rican companies on July 20 and 21.
The Costa Rican Foreign Trade Promotion Office (PROCOMER) and the Chamber of Commerce of Industries in El Salvador is inviting participation in this trade mission, and is coordinating business meetings with Costa Rican companies to be held in San Salvador on July 20 and 21.
Palm oil, butter and other basic products would be able to enter free from tax on entry into into the Cuban market.
Capital.com.pa reports that "...Panama also achieved a reduction of 80% and30% for other commodities such as doors, windows and their frames and thresholds, cotton shirts and synthetic fiber, toilet paper and metal packaging. "
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.
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