On September 25th, PRONicaragua will be organizing an investment summit where a presentation will take place at the Intercontinental Presidente Hotel, in order to present Nicaragua’s competitive advantages for the light manufacturing and agribusiness sectors. Additionally, important Mexican companies established in Nicaragua will attend the event in order to talk about their investment experience in the country.
“It is important for us to establish communication with industrial companies who have an interest in exporting manufactured products or processed foods, primarily to the Mexican, American or Central American Markets,” expressed Vinnitsa Leyton, Investment Promotion Director of PRONicaragua.
Around 50 people are expected to attend the event from the following sub-sectors:
During the event, PRONicaragua will provide entrepreneurs information related to free trade agreements between Nicaragua and its primary commercial allies, labor and property costs, available fiscal incentives, freight costs to major commercial points in Central America, Mexico and the United States, as well as success stories of multinationals that successfully operate in the country.
In 2012, Nicaragua received US$183 million in FDI inflows from Mexico, a 59 percent increase compared to 2011. The sectors that received most FDI inflows were industry and telecommunications, which represented 92 percent of the total. Likewise, in 2012, Nicaragua exported approximately US$70 million to Mexico, while peanuts, sugar, beef and shrimp were the main export products.