A delegation of companies from the Mexican state of Jalisco has expressed interest in investing in sectors such as textiles, agriculture, services and construction.
The National System of Cultural Radio and Television of Costa Rica is putting out to tender services of publicity, audiovisual production, textile production, catering, rent of furniture and others.
The sector's union says that the strategy focused on producing fabrics and yarns for export is already paying off, and they intend to continue in order to become the region's main supplier.
According to the Chamber of the Textile, Clothing and Free Trade Zone (Camtex), exports of raw materials from El Salvador have grown considerably in the last two years, as between 2016 and 2017 sales increased from $60,000 to $1.2 million.
A little more than a month after the Panamanian government decided to raise import tariffs on various products as a measure of retaliation against the South American country, representatives from both governments reaffirmed their positions at a WTO hearing.
The outcome of the hearing will be announced by the WTO between August and September, according to the rules that govern the agency.
According to the textile industry union, half of the $2.6 billion exported in 2017 corresponded to pullover sweaters, cotton t-shirts, cotton briefs, synthetic fiber t-shirts and synthetic socks.
The Chamber of Textile, Clothing and Free Trade Zones of El Salvador (Camtex) reported that in 2017 the sector exported $2.617 million worth of clothes, $95 million more than was reported in 2016, which is equivalent to an interannual increase of 3.8%.
The textile guild has stated that 2017 closed with $2.6 billion in exports and an increase of almost 4%, and for this year it plans to achieve similar growth.
The Chamber of the Textile, Clothing and Free Trade Zone (Camtex) exported $2.617 billion during the past year, $95 million more than the value of exports registered in the previous year.
In 2017, purchases made by the Central American country from Chinese companies totaled $1.97 billion, 6% more than the amount imported in 2016.
According to figures from the Banco de Guatemala, between 2016 and 2017, Guatemalan imports from the Asian country rose from $1.854 billion to $1.970 billion, registering an increase of 6.3%.
Guatemalan authorities announced that in the coming weeks they hope to finalize the extension of the FTA with the South American country, which will consist of inclusion of the textile and rubber sector.
With the aim of continuing to promote Guatemalan exports from the textile industry, Executive authorities stated that after the last visit to Colombia, they were able to reach an agreement to expand the conditions of the FTA.
Between January and September of 2017, Central American countries imported $977 million worth of clothing and accessories, 14% more than in the same period in 2016.
Figures from the information system on theApparel and Clothing Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]
The Panamanian government has decided to increase, in some cases by up to 30%, import tariffs on several products, including flowers, cement and bituminous coal, most of which are imported from the South American country.
According to a Cabinet Decree published on January 10 in the Official Newspaper, the Panamanian government decided to modify several fractions of the National Import Tariff, taxing at 30% imports of roses, carnations, chrysanthemums, calla lillies, astomerias, gladiolas and "flor de confite" (Calyptronoma plumeriana (Martius) Lourteig), which mostly come from Colombia.
In 2017 exports totaled $5,760 million, 6% more than in 2017, and sales of clothing and sugar were the ones that accounted for most of the increase.
Sales in the Central American region, including Panama, constituted the second largest destination for Salvadoran exports, amounting to $2.403 billion, also registering an increase of 6% compared to 2016.
Representatives from the company Hanesbrands have stated that the company will be investing $5 million in expansion of a plant located in San Juan Opico, department of La Libertad.
Currently the plant manufactures around 860 tons of fabric per week and the extension consists of the incorporation of new machinery and technology for the process of dyeing finished garments, with which they intend to venture into new markets.
29% of the companies that are dedicated to the design and confection of clothes are less than five years old, 18% between five and 20 years, 24% are more than twenty years old.
A report by the Ministry of Industry, Commerce and SMEs analyzes the characteristics of the clothing design and clothing industry in the Dominican Republic, and lists the opportunities in the sector, among which are the frequency of clothing purchases made by Dominican consumers, the obligatory nature of the use of certain garments in institutions due to workplace regulations, the need for school uniforms, the existence of government procurement programs and the influx of tourists, who are potential customers of typical Dominican products, clothing and accessories.
After having recorded a slight fall in 2017, companies in the free trade zone regime of Nicaragua plan to achieve a 5% growth in their exports this year.
One of the engines of growth that is expected to be achieved in 2018 is investments and reinvestmentson the part of existing companies that are anticipated for this year. According to free zone entrepreneurs, between $300 million and $400 million could be invested.
International company is interested in finding sawmills and suppliers of teak and mahogany in Central America.
The company is interested in purchasing kiln dried wood,...
Operating Company dedicated to the manufacture of gluten-free and sugar-free products, OHNE brand. The OHNE brand has 8 product lines: square bread, sweet...
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