Locally Added Value in Free Zones

In Central America, the local contribution to free zone exports was $4.1 billion in 2011, or 26.3% of total exports.

Monday, October 22, 2012

Honduras had the highest local contribution in relative terms, 35.9%, followed by El Salvador with 28.9% , Nicaragua (28%), Costa Rica (26.1%), Guatemala (16.5%) and Panama (7,1%).

Within Latin America, the best positioned, according to an ECLAC report, was Uruguay, with a local contribution that account for 61.2% of total exports under this scheme.

The indicators in Central America are particularly relevant considering that companies in the free zone regime represent a high percentage of total exports for each country. In Costa Rica, for example, they account for 53%, 46% in Honduras and Nicaragua 44%.

According to elfinancierocr.com, the figures "reveal the marginal progress in generating productive links between international companies operating in their territories and local industry."

"In many cases the activity does not maintain strong links with the national productive structure, since most of its inputs come from outside", claims the ECLAC study.



More on this topic

Free Zone Established in Zacapa

October 2011

On December 9, Guatemala's eighteenth free zone will open in the municipality of Estanzuela, Zacapa.

The project is the first of six that are currently awaiting administration and approval from the Ministry of Economy and the Tax Authority.

The new industrial site forms part of the Megaplaza commercial project, which will require an initial investment of $120 million, according to Finance Minister Luis Velasquez.

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.

Salvadoran Free Zones Export $ 2,069 Million

January 2011

Foreign sales of companies under the free zone regime accounted for 50% of total exports in 2010.

Of the $4,097 million exported by the country from January to November 2010, free zones contributed $ 2,069 million.

Companies operating under this model generate between 85 and 90 thousand jobs a year, most of them in the textile industry, which employs over 73,000 people", explained Elsalvador.com.

Costa Rica's FT zones a success

July 2008

Companies operating in Costa Rica's free trade zones generated exports of 773 million dollars during the first half of this year, a 28 percent increase over 2007.

The Costa Rican Coalition of Development Initiatives, which promotes investment, issued the report using data from the Central Bank and corporate reports.

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