Export from Free Zones to Grow in 2018

After having recorded a slight fall in 2017, companies in the free trade zone regime of Nicaragua plan to achieve a 5% growth in their exports this year.

Tuesday, January 9, 2018

One of the engines of growth that is expected to be achieved in 2018 is investments and reinvestments on the part of existing companies that are anticipated for this year. According to free zone entrepreneurs, between $300 million and $400 million could be invested.

Dean García, executive director of the Nicaraguan Association of the Textile and Apparel Industry (Anitec), told Elnuevodiario.com.ni that "...  "For the year 2018, the figures for investment amounts will be around the same levels as 2017, between US $300 and US $400 million, possibly US $450 million, because we think that an effort to attract investment to Nicaragua is bearing fruit"."

Mario Zelaya, president of the Federation of Nicaraguan Chamber of Private Free Zones (FCNZFP), added: "...At the end of the year (2017) it is possible that we could reach 2% or 3% in sales in value, and in volume we around 5% in 2017. For this year, 2018, we expect it to improve to 4.9%, and we do not see in the international market any factor that could affect exports."

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