Nicaragua's textile companies have started exporting to Turkey and Finland, as an "exploration" before the agreement with the EU comes into force.
Friday, April 13, 2012
Since December, textile companies established in the free zones in Nicaragua have been exporting shirts and pants to Turkey and Finland, as a way to explore the regional market before the Central American Association Agreement with the EU is implemented, according to a director of the business association in the industry.
"They are exploratory exports prior to the implementation of the treaty, I think it's always good to explore before going to direct exports, (but) we have to see how these exports behave and whether contracts keep coming", said Dean Garcia, Director of the Nicaraguan Association of Textile and Apparel Industry (Anitec), to Elnuevodiario.com.ni.
Garcia said that up until now they have been exported $10 million worth to these countries, but did not specify which are the exporting companies.
Finland is a full member of the EU, which is not the case with Turkey. However, this nation has a treaty with the EU and a customs union treaty and is negotiating its accession as a full member.
Between January and April 2010 the country exported 21% more than in the same period of 2009.
A report from CAMTEX, the Chamber of Apparel and Textile Industries, detailed that in April 2010, Salvadoran exporters sold 20% than in the same month of 2009.
“Exports bound for Central America increased in $2.1 million”, reported the Central Bank of El Salvador (BCR), adding that exporting companies have recovered 4.336 jobs in these four months.