More Canadian Investment in Maquilas in Honduras

Textile entrepreneurs anticipate an increase in Canadian investment once the trade agreement with this country takes effect on October 1st, 2014.

Tuesday, September 9, 2014

Daniel Facussé, president of the Honduran Maquila Association reported that "... representatives of three Canadian companies visited the country and showed interest in investing in maquila and buying sportswear. Two more entrepreneurs are expected to arrive in the country in the next four weeks to create US trade ties. "

Regarding the impact that the trade agreement may have on the future of the Honduran maquila, Facussé mentioned that "... 'Currently about $140 million is exported to the Canadian market. We believe that the maquila sector alone will easily double that value next year.'"

Laprensa.hn reports that "... The employer also expected that Honduras' free trade agreement with Peru will be finalized which would then allow them to join the Pacific Alliance, also formed by Chile, Colombia and Mexico. "



More on this topic

Honduras Wants to Enter Trans-Pacific Agreement

May 2015

The maquila industry approves of the government's decision to apply for formal admission into the agreement, which would improve conditions for textile companies competing with countries like Vietnam.

The Honduran Maquila Association (AHM) is one of the unions in the country which is most interested in being part of the trade union agreement, because the United States is the main destination for its production, and where textiles also come from countries that are already part of the agreement, such as Vietnam.

Rebound of Honduran Maquila Companies

August 2014

In March this year, the textile and manufacturing industries, including the manufacturers of wire harnesses and garments, grew by 3% compared to the same period in 2013.

A report by the Office of Textiles and Apparel (OTEXA), at the International Trade Administration of the United States, details the recent performance of the maquila industry in Honduras and locates the country as the fourth largest producer of fabrics in the world.

Maquila Companies in Honduras and the FTA with Canada

November 2013

The Honduran maquiladora industry is increasingly benefiting from the agreement which stimulates and protects Canadian investments coming into the country.

This industry has shown great optimism after the approval of the trade agreement. "We will have several advantages," says Daniel Facussé, president of the Honduran Maquila Association (AHM).

24 Maquilas Close in Honduras

April 2009

With the closing of enterprises during 2008 and so far in 2009, 20 thousand people were left unemployed.

Most of the businesses operated in free trade zones or industrial parks. Currently, of the one million square meters available in the the 27 parks and free zones, 250 thousand (25%) are unoccupied.

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