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Trade mission from the U.S. to value Nicaraguan products

A trade mission composed of six major U.S. companies will be visiting Nicaragua next week with the objective of exploring the country’s agribusiness potential and the facilities offered by the country to do business.

PRLog - Nov. 22, 2012 - A trade mission composed of six major U.S. companies, including Walmart Global Sourcing Food Central, Bagley Produce, Farm Fresh Market, Anthony Marano Company, Clarke & Stephen, LLP Legal Translator and Total Quality Logistics, will be visiting the country next week with the objective of exploring the country’s agribusiness potential and the facilities offered by the country to do business.

The Nicaraguan Association of Producers and Exporters (APEN, for its acronym in Spanish) and PRONicaragua, the official investment and export promotion agency of Nicaragua, with the support the Enterprise and Employment Program of USAID, are promoting this trade meeting between U.S. businessmen and Nicaraguan producers in order to strengthen the ties between Nicaragua and the United States within the framework of the CAFTA-DR free trade agreement.

The trade mission will include visits to national companies such as Hydroponic Nicaragua, AgroesNica, PAC, Agroexportadora del Norte, Vegetales y Frutas Procesadas S.A., Agrosa, Mangosa, Tecnoagro, Cecoopsemein, and Grupo Pescanova.

Potential buyers have shown interest in evaluating fresh products, such as fruits and vegetables, including watermelons with seeds and without seeds, bananas, root crops and shrimp.

The effect of free trade agreements, such as CAFTA-DR, has been a factor that has generated greater credibility in the country, providing clear rules for export and investment, which has been used by producers to increase price competitiveness.

With these efforts, Nicaragua increasingly has consolidated itself as an export platform and has maintained an upward trend despite the international economic crisis, investing in the production and promotion of non-traditional products, which represent 80 percent of the exported products. During the six years of the CAFTA-DR, Nicaragua has maintained a growing trade relation year after year.

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Industry:Trade, Agrisbusiness
Tags:wal-mart, nicaragua, investment, managua, trade
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