From 30th of November to 3rd of December 14 Nicaraguan companies producing food, textiles, handicrafts, meat and grains will visit Panama to explore business opportunities.
The activity is being organized by PRONicaragua and will include the participation of exporters of products such as "... conventional snacks, clothing, roots and tubers, beans, meat, handicrafts, awnings and marquis."
A consortium of national and international agencies has proposed a plan to improve the quality and productivity of Nicaraguan specialty coffees and their promotion in the European market.
The plan entitled "Strategies for promoting specialty coffee in Nicaragua" seeks to replicate successful experiences in financing, technical assistance and technological innovation models, in order to strengthen the production process of small and medium producers.
Between January and October foreign sales in the sector amounted to $1.281 billion, 5.9% more than the $1.21 billion generated in the same period in 2013.
From a statement issued by the Nicaraguan agency for promoting and exporting (PRO-NICARAGUA):
Nicaragua is the second country in the framework of DR-CAFTA with the highest percentage of exports of textiles in 2014.
Arriving in the country are: Walmart Global Food Sourcing Central America, Bagley Produce, Farm Fresh Market, Anthony Marano Company, Clarke & Stephen, LLP Legal Translator and Total Quality Logistics.
According to Laprensa.com.ni , the six "major U.S. companies will arrive in Managua on 28 November to explore shopping opportunities in agribusiness in Nicaragua, and to get to know the facilities offered by the country for doing business."
Most notable are the opportunities in agriculture "because there is a lot of land" for production in sectors such as cocoa, rubber, oil palm and sugar.
A delegation of businessmen and government officials from Nicaragua will meet with Guatemalan entrepreneurs from the agricultural sector in order to persuade them to invest in their country.
"We have opportunities for crops such as cocoa, rubber, oil palm and sugar.
Nicaragua's textile companies have started exporting to Turkey and Finland, as an "exploration" before the agreement with the EU comes into force.
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.
Nicaragua already exports products worth $1,300,000 to the Asian country and is keen to promote its agriculture and tourism sectors.
An official Taiwanese delegation headed by Deputy Foreign Minister Nonrischai Jullapong, visited Nicaragua to attend the inauguration of the second term of President Daniel Ortega and discuss business opportunities.
Local officials will be interested in highlighting the investment potential in agriculture and tourism, said Alvaro Baltodano, presidential delegate for investment. "We are convinced that Thailand is a country that is going to develop investments in Nicaragua and a trade relationship between the two countries will begin to be developed and established," said Baltodano, in an article on Laprensa.com’s website.
The revival in cotton growing has been confirmed with financing by a Brazilian investment group.
Aguerri Adam Joseph, president of COSEP confirmed that cotton production this year will be reactivated with the support of Brazilian investors, attracted by the office of ProNicaragua, an organization that is dedicated to the promotion of foreign investment.