A proposal put forward by the textile sector seeks to generate trade between national and free zone companies, starting with the possibility that the latter provide raw materials to local companies.
The objective of the Nicaraguan Association of Textiles and Confection of Free Zones (ANITEX) is to generate greater links between the companies that operate under the regime and those in the national market.
Invitations have been extended to the Taipei Food Fair 2017 which will be held from June 21 to 24 at the Taipei Nangang Exhibition Center in Taiwan.
The Embassy of the China-Taiwan Republic and the Nicaraguan Taiwanese Business Chamber (Cetainic) is inviting producers and exporters to take part in the Taipei Fair Food 2017, to be held from June 21 to 24 in the city of Taipei.
The delay in payments to suppliers to the state, corresponding to July, reflects the complicated situation of public finances in El Salvador.
Arguing that"... July was a very bad month fiscally," Finance Minister Carlos Caceres, justified the delay in payment to suppliers of goods and services. According to the minister, in July the government "... had to pay $260million in external debt and Treasury bills."
A business conference for companies working in the timber and related products sector has been organized for November 4, 2016 in Heredia, Costa Rica.
From a statement issued by the National Forestry Office:
As part of the sixth edition of the Vive La Madera Fair and C-Neutralidad 2016, LaOnf, the FONAFIFO and the MINAE will be hosting business negotiations for timber and related products, which will be assisted by PROCOMER.
Within the the framework of the International Meeting on Construction and Equipment to be held from July 19 to 22, meetings will be held to explore business opportunities between companies.
The International Meeting on Construction Machinery is being organized by the Chamber of Construction in Costa Rica and will bring together companies linked to the construction sector, from earthwork to industrial finishes.
From 8 to April 10, suppliers of building materials and hardware will be meeting in Managua to participate in conferences and develop business partnerships.
The Association of Hardware businesses in Nicaragua (Afenic) through its president Edgard Lugo is convening Expo Ferretera 2016, to be held in Managua on the 8th, 9th and 10th of April and will feature about 85 exhibitors.
Financial transactions made by state contractors will be supervised under the same scheme that applies to Politically Exposed Persons (PEP).
Jose Alejandro Arevalo, Superintendent of Banks, said that "... the rule is similar to that existing for Politically Exposed Persons (PEP) who are subject to special monitoring by the banking and financial system.
The dynamism of the construction sector is driving growth in the hardware sector which consists of about 1,000 companies that generate annual sales of between $300 and $350 million.
The strong and sustained growth of the construction sector in recent years has been the engine of the hardware store business in the country, major suppliers of materials and equipment to construction companies.
Banning state suppliers from financing political campaigns, implementing reverse electronic auctions and technical specifications for medicine purchases, are part of the proposed reforms.
From a statement issued from the Central Institute for Fiscal Studies (Icefi):
The Central American Institute for Fiscal Studies (Icefi) submitted to Congress, ten proposals of amendments to the Law on Government Procurement, which gives priority to fiscal transparency and combating corruption.
In Costa Rica the regulatory body has agreed to the commitment made by Essilor Internacional not to distort the market by blocking raw materials or price discrimination, as a condition for the purchase of Grupo Vision.
From a statement issued by the Commission to Promote Competition (COPROCOM):
The Commission to Promote Competition (COPROCOM) a body under the Ministry of Economy, Industry and Commerce (MEIC), determined that the transaction whereby the company ESSILOR INTERNACIONAL acquires a majority stake in the company Brine Holding (which owns companies belonging GRUPO VISION), could generate an anti-competitive effect of closing the market by blocking materials, if the company Essilor stops supplying its current or potential customers with the products or services it provides through ILT de Costa Rica and Óptica Industrial S.A. (OPTISA).
Palm producers claim to have sufficient inventory and are asking for exclusivity in the supply of raw material for the production of biofuels.
Industry representatives argue that they currently have a surplus of 130,000 tons of oil being exported in order to generate biofuel in other countries. The proposal submitted by the producers to lawmakers in the Special Standing Committee on the Environment aims to "...
The Taiwan Coffee Association reports that there are up to 10,000 coffee shops on the island and that each person consumes an average of 100 cups of coffee per year.
At the end of 2014, coffee exports to Taiwan were reportedly worth $2.4 million . "... El Salvador accumulated $50.52 million in sales of coffee to the world for the 2014/2015 harvest."
The company received the authorization to expand the jet fuel plant in Comalapa and plans to invest $20 million between 2015 and 2016 to improve the capacity of the plant in Acajutla.
Expansion of the terminal near the Comalapa airport will cost approximately $1 million and will allow for storage of up to 16,000 barrels of jet fuel to meet demand from the airlines with which it holds contracts.
The Costa Rican Institute of Railways has announced that it is analyzing the purchase of machinery from abroad in order to set up an electric railway system in the capital.
Although an amount for investment in the purchase of electric trains has not yet been established, nor are there any feasibility studies to justify it, the Instituto Costarricense de Ferrocarriles (Incofer) is looking for offers from abroad, especially in Europe and China.
Peruvian negotiators have asked Honduran maquila companies to use thread from the South American country at the same time as demanding that the agreement not contain exclusions.
The United States is the largest supplier of yarn for used by the Honduran textile industry and at the same time is the largest buyer of its production. In the context of negotiations, Peru is calling for more flexibility so that Honduras can the raw material not only from the US but also from the South American country.
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