From this year onwards, the Chamber of Foreign Trade of Costa Rica will be the representative in the Central American country of the Trade Promotion Agency Avante Extremadura.
The Chamber of Foreign Trade of Costa Rica and Representatives of Foreign Houses (CRECEX), announced that from this year it will function as representative in Central America of the Trade Promotion Agency Avante Extremadura.
From September 27 to 29 Costa Rica will be hosting an event which brings together representatives from companies and free zones in Latin America and other continents.
The Association of Free Zones of the Americas will be holding the XX Conference on Free Zones of the Americas, a space which will bring together representatives from the most important countries and free zones in Latin America, to discuss and exchange experiences and knowledge.
The Honduran investment promotion office has sent a letter of invitation to entrepreneurs who lost their tax exemptions in Guatemala.
Honduras is looking to attract investment from Guatemala citing two advantages over its competitors: tax incentives on exports and port infrastructure in the Caribbean.
The person responsible for promoting foreign investment in Honduras, Vilma Sierra, sent a letter of invitation to the businessmen who lost their tax exemptions in Guatemala. The letter sent alarm bells ringing for Guatemalan union leaders because of the resemblance they have with the Honduran market, and the tax incentives they have lost and poor port infrastructure available.
Increases in the value of land have been reported along with the arrival of new businesses to the area, where the municipality is hoping to encourage investments by leaving taxes on real estate unchanged.
The tender for the design and construction of Palmerola airport in Comayagua has not yet been awarded, but around the area where it will be built the impact from the development of a work of such magnitude is already being felt. Land prices have reportedly increased, and local and foreign investors have already expressed interest in developing businesses in order to take advantage of the economic activity generated by the construction and subsequent operation of the airport.
The Commercial Office of Central America CATO has a website where Central American companies can promote their products to export to the Asian island.
With the aim of promoting Central American SMEs and boosting Taiwanese investment, the Commercial Office of Central America together with the Embassy of Honduras in Taiwan has inaugurated the website www.cato.com.tw , which allows entrepreneurs in the region to showcase their products in the Taiwanese market.
The government plans to generate $5 billion in investments from local and foreign companies in the eight most important sectors of the economy.
The areas of energy, construction and housing, tourism, agribusiness, mining and petroleum, infrastructure and manufacturing, maquila and forestry were identified by the government as the production sectors that contribute most to the economy.
In Honduras there are plans to develop free zones to attract companies from El Salvador who have shown their fears about the business climate in the country.
Several Salvadoran companies have shown fear over the FMLN party winning the presidential election for the second time. Aware of the concerns of Salvadorans regarding the business climate in the Central American nation, Hondurans are working on attracting those companies.
The National Investment Council has been created, an entity composed of representatives from the public and private sector and which aims to improve the competitiveness of Honduras.
A series of policies implemented by the new government to encourage the private sector, including the creation of the National Investment Council (CNI by its initials in Spanish) is made up of representatives from the public and business sector.
They are also asking for policies that encourage the creation of new businesses and credit facilities, especially for young people.
During the XXIV Summit of Ibero-American Business Organizations which took place this week in Panama, employers from the region concluded that clear rules are needed to ensure legal certainty and thereby further advance the economic development of the countries.
The Guatemala Investment Summit 2013 will present opportunities for Food & Beverages, Construction, Energy, Extractive Industries, Light Manufacturing, Chemicals and Plastics, TICS / Contact Centers, Tourism, Forestry, and Garment and Textiles companies.
On 30th and 31st May in Guatemala more than 150 investors and business leaders from Central America will gather together, forming opportunities for strategic alliances, investment projects and making contacts with senior government officials.
The Taiwan Expo 2013 event will be held from 10 to 13 April , with the participation of entrepreneurs from China in business meetings with Honduran businessmen.
Taking part in Taiwan Expo 2013, organized by the Taiwanese Council for Development of External Trade (TAITRA), will be 34 companies from that country who are looking for new business and trade opportunities .
Most investment promotion agencies are not responding to national enquiries by investors in the key sectors of agribusiness and tourism.
From a press release from the World Bank
According to Best Practices Study of Global Investment Promotion (Global Investment Promotion Best Practices) 2012 World Bank, 80 percent of investment promotion agencies are not responding to enquiries by investors in the key sectors of agribusiness and tourism, despite the fact that countries are competing to attract investment.
Amid complaints of government harassment of private enterprise, its noted that in Nicaragua the costs are lower and "there are not too many obstacles."
Given some recent actions and tax proposals by the government of Honduras that have note been well received by employers due to their potential impact on business competitiveness, the president of the National Association of Industrialists (ANDI), Adolfo Facussé, is advising entrepreneurs to invest in neighboring countries, pointing in particular to Nicaragua.
Hovering over the Honduran business and political environment is an unspoken consensus that is illuminating projects and understandings alike and portends a better future for the country.
Perhaps the international isolation resulting from the recent political and institutional crisis, which worsened the already dire consequences of the global economic crisis, has spurred on the forging of a unification of standards for the Honduran ruling classes.
22 Spanish companies confirmed their participation in the event “Honduras is Open for Business.”
The event is being held on 5 and 6 May 2011. Among the companies participating in the event from the tourism sector are, the Barceló Group, NH Hoteles, Sol Melia and the airline Iberia.
An article in Elherlado.hn quotes from a statement "From the energy sector, Ener Spain have confirmed their attendance , which brings together three major internationally active groups: Assyce Group, Abencis , and isoen Energy Solutions ...,” said Norman Garcia, a representative from the ambassador of Honduras’ office in Spain.
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