Growth to stall in Nicaragua's Free Trade Zones

The vice-president of the Association of Textiles and Clothing, Roberto Bequillard, thinks that this year the free trade zones will not grow in terms of attracting new investment. He said this is due to problems with the government of Daniel Ortega.

Thursday, June 5, 2008

Bequillard, according to statements published last Sunday by the newspaper La Prensa, said the lack of clear rules and the speeches of President Ortega against the textile sector are the main reasons why growth in these zones is likely to stall.

More on this topic

New Free Trade Zones Announced in Nicaragua

January 2017

Vice president Rosario Murillo gave details on 10 new projects to be executed in the next six months for free zones dedicated to different productive activities.

The 10 projects announced are:

1- Call Center in Managua DMF, 102 direct jobs, 2.7 million investment. 

Activity in Colon Free Zone Down 24%

April 2014

The free zone must reduce its high trade dependence on Colombia and Venezuela and seek for new markets for re-exports to improve its performance.

Lack of trade diversification has meant that activity in the Colon Free Zone (CFZ) in the first quarter of 2014 has shrunk by 24% compared to the same period last year.

More and More Free Zones in Nicaragua

February 2013

With a record $2.207 billion in exports last year in 2012, the nation aims to continue growing its free zone regime, both in terms of the number of companies and volume of exports.

Beyond having obtained these successful figures, the aim is to attract more businesses and diversify economic activities.

El Salvador: Free Zone Generates Benefits

May 2011

A private report has analyzed the contribution of the scheme to economic activity.

80 000 direct jobs and more than 2230 thousand dollars in products exported in 2010 are some of the results achieved by companies operating under the free zone system and active improvement scheme in El Salvador.

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