The private sector proposes retaliatory measures now, as the imminence of large projects requiring investment from abroad, would make them more effective.
The private guild is opposed to the inclusion of Panama in the list of "tax havens" created by the European Commission. Businesspeople are calling on the authorities to defend national interests and apply the law of retaliation.
In the first six months of the year $3.250 million were traded, which is an increase of 33% compared to the amount traded in the same period in 2013.
The primary market, where fist time issues of shares and debt securities are recorded, had the most activity, with trading of $414.61 million between January and July 2014.
Laestrella.com.pa reports that "...In the case of the primary market in the month of July 2015, background shares reached $20.72 million, preferred shares $2.59 million, bonds $154.73 million and mortgage bonds $75 million."
Employers have proposed creating an institute for development representing the private sector and under the Presidency of the Republic in order to serve the needs of the sector.
The government is to make a diagnosis of the activities in the sector in order to review and amend the Law on Promotion, Creation and Development of Small and Medium Enterprises and adjust it to the needs of women, who claim there is a legal gap in the attention they receive from the state.
Exporters are opposed to the measure and claim that the current crop will be sufficient to supply the domestic market and to sell abroad.
Returning to the restrictions on exports of Nicaraguan red beans, which were in place between 2010 and 2011 would be a "mistake" according to exporters associations from the Central American nation. They say the current crop will be sufficient and can supply the domestic market and have surplus for export.
Foreign sales of processed foods have grown 30% in the past five years and currently represent 15% of all exports.
According to Sofana Lopez, an International Markets Information analyst at the Center for Exports and Investment (CEI), coffee and beef products are the leading exports of food in general.
Elnuevodiario.com.ni reports: "... as for foods with higher degrees of processing, sugar for export stands out, accounting for approximately 30% of the total export value of processed food sector for the country in 2012 ". Shelled peanuts represented 17%, cheese 11%, soybean oil 8% , milk powder 6% and peanut oil 5% .
Nicaragua's current and potential agricultural sector offers opportunities that the industry has not exploited to the fullest.
This was explained Roberto Brenes, General Manager the Export and Investment Center (CEI) in an interview he conducted with Massiell Largaespada from Elnuevodiario.com.ni.
The official explained that for this to be able to happen, producers must take on a challenge and that is in the production process and introduction of technology in order to move from producing raw materials to producing products with added value.
Banking and financial sectors have raised the need to devise a strategy to turn the country into an international financial center.
Alberto Diamond, Superintendent of Banks in Panama, said that as a society, they should establish a plan which involves the private sector, the public sector and the regulator. "We need to make a road map," he said.
Prensa.com reports: "The goal, ultimately, is to develop and integrate the capital, securities, insurance and banking markets, creating a system capable of supporting large and small projects, and whose natural vocation would be Latin America."
The entry into force of the Association Agreement between Central America and the European Union encourages projects to increase honey production in Nicaragua.
Currently production is less than 500 tonnes per year, equivalent to 0.09% of what was imported globally last year (518,818 tonnes). According to Luz Marina Arana, coordinator of marketing research of the Center for Export and Investment (CEI), although Nicaraguan honey has entered duty free since 2004, with the entry into force of the trade agreement, "the new rules will stabilize trade and expand the possibility of new markets. "
The lower rating is the result of a larger sized government and more restrictions on foreign investment.
The indicator, prepared by the Panamanian Association of Business Executives (APEDE), moved down from 2.92 in 2012 to 2.85 this year.
According to the study of the Association, "the government controls through legal monopolies, granted via concessions, the sectors of electricity generation and transmission, management of the country's only international airport and the gaming market, among others."
During the first half of 2013, exports closed at $1.308 billion, $124 million less compared to sales in the same period in 2012, when the figure reported was $1.432 billion.
According to the Center for Export Procedures (CETREX) major Nicaraguan export destinations are the United States, Venezuela, Canada, El Salvador and Costa Rica. In terms of volume, the decline is 2.95%, while in mid-2012 this indicator grew by 10.90%.
With the entry into force seven years ago of the Free Trade Agreement with U.S., Nicaragua's exports to the country have increased by 133%.
The country has become more attractive to investors, it sectors have become technical and Nicaraguan small and medium enterprises have managed to benefit from technical assistance programs.
The products that have been favored the most by the FTA signed by Central America and the Dominican Republic are green coffee, meat, seafood, sugar, textiles and cheese.
Financial sector operators have submitted their suggestions to update the rules of the activity, including a revision of the income limit.
A review of the ceiling of 30% on income from net currency trading with brokerage houses is one of the proposals received by the Superintendency of Securities (VPS), in this case driven by executive vice president and general manager the Stock Exchange, Roberto Brenes.
The willingness to stop exports of red beans between mid-2010 and September 2011, resulted in Nicaragua earning bad reputation as a trading partner.
According to Enrique Zamora, president of the Association of Producers and Exporters of Nicaragua (APEN), in 2010, "the government was warned that what it was doing was wrong", mainly because of the cost invested in turning it (the beans) from a subsistence product in 1996 into a product which generated $80 million in exports.
Increasing trade between Peru and Nicaragua is one of the objectives proposed by the embassy in the Central American nation. The expectation is to exceed the figures of 2012 and find alternatives for shipping products.
The newspaper La Prensa cites Carlos Posada, vice minister of foreign trade of Peru who informed the media in his country of the start of talks to strengthen the exchange of goods.
The total value of exports for November was $2.524 billion, 18.71% higher than in the same period of 2011.
According to the Center for Export Procedures (Cetrex), if the rate of growth is maintained, foreign sales at the end of this year could exceed $2.7 billion.
Twenty products accounted for 87.9% of the $2.524 billion in exports, which included coffee, sugar cane, beef, shrimp farming, raw gold and peanuts.