March 5, 2013
-- A Mexican trade committee from Nuevo León recently visited the country with the objective of reinforcing trade business and academic exchanges between both nations. According to the Mexican trade experts, whom were invited to the country by the Chamber of Commerce of Mexico-Nicaragua, the country qualifies as an attractive foreign investment destination due to its geographical location and collaborative investment promotion by both government and private initiatives.
In addition to this committee, trade missions from both the UK and Taiwan have visited Nicaragua in the past weeks, evidencing that the country’s competitive advantages have deemed it an ideal investment and trade location.
José Adán Aguerri, President of the Superior Council of the Private Enterprise (COSEP, for its acronym in Spanish), highlighted Nicaragua’s trade benefits through free trade agreements with North and South America, making the country highly attractive to investors.
Nicaragua’s Free Zones were also greatly appreciated by the Mexican commerce experts, for its dynamism to attract foreign investors. Additionally, Edgard Guerrero, a Mexican committee member, pointed out cooperation possibilities to train micro, small and medium sized businesses in approaching foreign markets.
The attractiveness of Nicaragua as a qualified investment destination is clearly demonstrated by economic figures showing not only increases in foreign direct investment (FDI) inflows, but also in exportations figures. During the third quarter of 2012, FDI inflows reached US$908 million, marking a 19 percent growth rate versus the same period in 2011. In addition, total exports reached US$2,677 million in 2012, according to the Central Bank of Nicaragua (BCN, for its acronym in Spanish). Therefore, Nicaragua’s exports exceeded its expectations in 2012 by having reached an 18.3 percent growth rate.