Nicaraguan Textile Industry Foresees Recovery in 2010

The sector expects to create 6.000 jobs this year, as well as increased orders from international markets.

Monday, January 18, 2010

Dean García is the president of the Nicaraguan Textile Industry Association (Anitec). He identifies two key elements in this recovery: improvement in the U.S. economy and new markets like the European Union and Canada.

"When asked about new investments, García assured that 11 projects could become a reality this year. These include Korean and U.S. companies", reported Laprensa.com.ni.



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Textile Industry with Subsistence Income

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Against the backdrop of an imbalance in trade and restrictions decreed in several markets around the world, Central American companies in the garment business are operating and generating export earnings at levels that merely allow them to subsist.

Data from the Office of Textiles and Apparel, of the U.S.

Fabrics: Company Closes in Nicaragua

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The American Aalfs Uno, which operated in the municipality of Sébaco, in Matagalpa, closed its operations in the country due to a reduction in the number of contracts.

The closure of the company was made official by directors of the Nicaraguan Association of Textiles and Apparel Industry (Anitec), who say it is the first company in the U.S. capital sector to close in the country.

Nicaragua: Optimism in Textile Industry

February 2016

Despite the challenges facing the Central American textile industry with the coming into force of the TPP and Asian competition, projections are that there will be growth of 8% in 2016.

The main reason is the decision of the US government to extend for ten years the tariff advantages enjoyed by Nicaraguan exports to the northern country, supporting them against the entry into force of the Trans-Pacific Economic Partnership Agreement (TPP).

Textiles Leave Honduras for Nicaragua

March 2011

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While in Nicaragua the opening of these plants is cause for celebration, there are mixed feelings in Honduras.

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