españolEU Pressures NicaraguaFriday, December 20, 2019 The European Parliament's plenary session proposes that the European Commission apply the democratic clause in the EU-Central America Association Agreement, which would involve Nicaragua's withdrawal from the agreement. Almost two years after the start of the political and economic crisis in Nicaragua, MEPs are proposing to sanction the Ortega administration with the eventual withdrawal of the country from the trade agreement. Central America and BREXITFriday, January 10, 2020 During the eleven months that will pass between the beginning of the exit process from the European Union and the entry into force of the association agreement with Central America, trade relations with the United Kingdom will follow the same rules that have been in place until now. In July 2019, the negotiations of the Association Agreement with the United Kingdom were completed, which contains the mechanism to address the preferential trade relations regulated between both parties, after the process of leaving the European Union, known as BREXIT, is completed.
MARKET STUDY
Auto Parts: Panamanian Market Grows by 14%Friday, January 24, 2020 In the first half of last year, imports of vehicle parts into Panama totaled about $127 million, representing a 14% increase over the same period in 2018. Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics"] Trends, Preferences and Business DecisionsFriday, January 24, 2020 Generating comprehensive information on consumer tastes and preferences using artificial intelligence systems is the main challenge faced by companies, which must increasingly make faster and better decisions. No company or industry seeking to continue operating in these new times can avoid these challenges. An example of this is the entertainment sector, a market that with the arrival of new platforms such as Netflix, Amazon Prime and Spotify, has become increasingly competitive. Companies like Warner Bros. have reported that they are beginning to use advanced technological systems to decide which films to produce. Clothing: New Investment in Panama AnnouncedWednesday, January 22, 2020 The Swedish chain of stores Hennes and Mauritz announced that among its expansion plans is the opening of a sales point in Panama, which would be the first in Central America. According to an official statement that was released in mid-January, the plan of the company Hennes and Mauritz (H&M) is that its first store in the region will be open to the public by the end of the year.
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Aluminum: Business Figures in the RegionThursday, January 23, 2020 During the first six months of 2019, the countries of the region totaled $294 million in purchases of aluminum and its manufactures, and 48% was imported by companies in Guatemala and Costa Rica. Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics"] Industrial Parks: New Investment AnnouncedFriday, January 24, 2020 Code Development Group announced that it plans to build a new free zone in Grecia de Alajuela, Costa Rica, which would house companies in the high technology sector. Directors of Code Development Group, who are also part of the group of partners of the Free Zone of Coyol, reported that the new business park would be named "Code" and that the project already has the endorsement of the municipality of Greece.
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Vehicles: Business Fleet FiguresThursday, January 23, 2020 In Guatemala, about 2% of the total vehicle fleet units are registered on behalf of 30 companies, including Tropigas, Seguros G&T and Arrendadora Centroamericana. From the report "Vehicle fleet in Central America, with details of the business fleet", the unit of Trade Intelligence of CentralAmericaData collects the most updated information of the automotive market in Central American countries.
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Animal Feed: Purchases Still DownTuesday, January 21, 2020 In the first semester of 2019, countries of the region imported $218 million in concept of preparations for animal feeding, 14% less than in the same period of 2018. Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics"] Corruption Perception Grows in Central AmericaThursday, January 23, 2020 In 2019, the perception of corruption in public institutions increased in all countries of the region except Costa Rica, where it remained the same as in 2018. As has been the case in recent years, Nicaragua's public sector continues to be perceived as the most corrupt in the region (transparency level 22 on a scale of 0 to 100), followed by Guatemala (26), Honduras (26), Dominican Republic (28), El Salvador (34), Panama (36), and Costa Rica (56).
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Alcoholic Beverage Purchases Grow at 16%Wednesday, January 22, 2020 From January to June 2019, Central American companies imported $205 million in alcoholic beverages, 16% more than the same period in 2018, explained again by the behavior of purchases from the U.S. and Mexico. Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics"] Avocado: Ambitious Plan for Costa RicaThursday, January 23, 2020 The government announced that it is planning to increase the area planted with avocado from 2,000 to 4,500 hectares, in order to meet the demand for the fruit on the local market. The Ministry of Agriculture and Livestock (MAG) reported that the National Avocado Plan will serve as an instrument to guide the management of agricultural sector institutions towards strengthening the cultivation of this fruit.
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Restaurants: What do Costa Ricans Prefer?Wednesday, January 22, 2020 6% of Costa Rican consumers express interest in French cuisine, and about 85% of them are between 21 and 45 years old, and have a high level of purchasing power. An analysis of the interests and preferences of consumers in Costa Rica, prepared by the Trade Intelligence Unit of CentralAmericaData, provides interesting results on the characteristics and people who show interest in the cuisine and gastronomy of different countries and styles. [GRAFICA caption="Click to interact with graphics"]
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Tractor Purchases Still DownMonday, January 20, 2020 In the first six months of 2019, Central American countries spent $54 million to import tractors, and purchases from companies in the U.S. and Mexico fell in year-on-year terms by 42% and 14%, respectively. Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics"] Pork: Import Investigation RequestedWednesday, January 22, 2020 Arguing that imports may be close to reaching the level of automatic activation of the special safeguard mechanism, the Panamanian government ordered an investigation into pork purchases made from companies in the United States. The General Directorate of Trade Defence has analyzed the information available through periodic reports requested from the National Customs Authority on imports of the goods described above and has submitted a report warning that such imports may be close to reaching the level of automatic activation of the special agricultural safeguard mechanism, explains the resolution of the Ministry of Trade and Industry (MICI). |
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Monday, January 27, 2020 - last update: 5:11 pm
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