From three to five days, the time that Costa Rican carriers have available to stay in Nicaraguan territory, to unload goods or for regional transit, was increased.
Local authorities announced that as of March 7, cargo vehicles traveling through the country from Costa Rica will no longer pay $50 at Nicaraguan customs.
By mid-year the Single Window for Foreign Trade could be functioning, enabling online procedures to be used for obtaining permits and documents required for export or import.
The Ministry of Development, Industry and Trade (MIFIC) announced that in May pre customs formalities for exports and imports in Nicaragua will be able to be done online through the Foreign Trade Single Window (known as VUCEN in Spanish).
Because of a shortage, authorization has been given to the importation of 119 thousand metric tons of paddy rice and 20,150 metric tons of milled rice, duty free.
The Ministry of Development, Industry and Commerce published on 15 January in the Official Newspaper La Gaceta, Ministerial Agreements 086-2015 and 087-2015 number in which two import quotas were authorized due to shortages of rice, the first for 119,700 tons (2.63 million hundredweight) of paddy and the other for 20,150 tons (443.300 hundredweight ) of gold rice.
The Ortega administration will be creating a vice-minister who will be exclusively devoted to serving the needs of large and medium enterprises in the country.
The deputy minister will come under the Ministry of Development, Industry and Trade (MIFIC) and, as stated by the president himself Daniel Ortega, the purpose of this entity will be to serve only the needs of these businesses, separating them from the attention of small and micro companies.
The agreement that allows Nicaraguan products such as food and construction materials to enter the island with tariff preferences up to 100% has come into effect.
The Ministry of Foreign Trade and the Ministry of Finance and Prices in Cuba has approved the entry into force of the trade agreement signed in March, in which tariff preferences of different grades are established on products such as food, construction materials, accessories and utensils.
Under the new trading scheme Russia will stop donating wheat and will sell it to the government of Nicaragua, who will market it among importers.
The Government of Nicaragua has signed an agreement with the three importers and distributors of flour so that they will purchase, through the state-owned Empresa Nicaragüense de Importaciones (ENIMPORT), the surplus wheat from Russia.
Due to a reduction of local production because of drought, the government has authorized, for the second half of the year, an increase in tax-free imports of red beans, rice and corn.
In the case of red beans, an additional 10,000 tons has been approved on top of the 20,000 authorized in June, while for rice the quantities will be defined in the coming days.
The government will manage 95% of the maize authorized to be imported duty free from any member country of the World Trade Organization.
"... The remaining 5% will be distributed under a "first come first served" basis until the available volume of each quota runs out," says an agreement of the Ministry of Development, Industry and Trade, as reported by Eleconomista.net.
The government will control 95% of the 20 tons of red beans that have been authorized for duty-free purchase from any country which is a member of the World Trade Organization.
The remaining 5% will be distributed "... on a first come, first serve basis, until the available volume of each quota runs out," says ministerial agreement 025-2014 as reported by Laprensa.com.ni .
Governments are to certify a poultry plant in each country in order to formalize the process of exporting and importing, in an attempt to stabilize prices.
In order to solve the problem between merchants and egg producers in Nicaragua and Honduras, the respective governments have agreed to certify for importing and exporting one poultry plant in each country, with all the necessary requirements and in this way achieve price stability.
The government claims that the delay in the adoption of the eight outlets claimed by the company is due to red tape and not obstacles to investment.
"There is no obstruction. What there is is a process that must be met, and well, we have no problem with the eight more pharmacies added," said Orlando Solorzano, the Minister of Development, Industry and Trade (Mific) to Elnuevodiario.com.
About 20 thousand acres are to be planted with the grain in the next few years, in order to produce up to one million quintals of coffee.
This was stated by the President of MerconCoffee Group, José Antonio Baltodano. "In the Atlantic Coast there should now be planted 2,500 hectares of robusta, whose production potential within three years could be about 100 million quintals, which would mostly be for export as local consumption is mostly of instant coffee and is small," he explained.
From October 11th tipping in restaurants and other service establishments will be voluntary and will not be included in the calculation of the bill.
This was explained Orlando Solorzano, Minister of Development, Industry and Trade (Mific). "On that date, the Law on Protection of the Rights of Consumers and Users comes into force, which contains an article which prohibits service providers from including the gratuity in the price and in the calculation of the bill, or any allusion to the same," reported Elnuevodiario.com.ni.
The Nicaraguan meat industry is still not clear on what they need to obtain the certifications required by the European market.
In order for Nicaraguan products to reach the European market they must comply with health and quality certifications, not only on behalf of the farmers but also the agricultural authorities. Exporters hope that this will be resolved in less than a year and a half, meaning that the benefits of the agreement could be taken advantage of in 2015.
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