Honduras: The Dry Land Panama Canal?

Honduras lies just about 1,000 miles southwest of Miami. A great location for commerce with the U.S.

Thursday, August 14, 2008

Antonio Young is the Executive Vice President of FIDE, Honduras’ Foundation for Investment and Export Development. He says Honduras’ strategic location provides an invaluable access to Latin American markets. And, with the continued development of Honduras’ north-south highway, called the Logistic Corridor, Antonio says Honduras could be the dry land version of the Panama Canal.

And, there are a lot of reasons why it should be, if you ask him. Antonio says the more than 70,000 square miles of tropical terrain and climate can support year-round cultivation and growth of an array of crops and produce. He says the country is a gem for agribusiness development because the government allows 100 percent foreign ownership, there are no import and export duties, there are no taxes on profit or profit repatriation and businesses can go online in as little as 21 days.

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