Syllabus of the Subject: Foreign Trade and Business in Honduras - Tegucigalpa.
Introduction to the Republic of Honduras (Central America);
Honduran Economy;
International of Honduras;
Foreign Direct Investment in Honduras;
Doing Business in Tegucigalpa and San Pedro de Sula;
Case Study: Business Opportunities in Honduras;
Manufacturing;
Textile;
Agribusiness;
Services.
Access to the Honduran Market;
Business Plan for Honduras.
The objectives of the subject “International Trade and Business in the Republic of Honduras” are the following:
To analyze the Honduran Economy and Global Trade;
To know the business opportunities in the Republic of Honduras;
To explore the Honduran trade relations with the country of the student;
To know the Honduran Trade Agreements;
To develop a business plan for the Honduran Market.
Global Trade and Business in Honduras
The Subject “Foreign Trade and Business in Honduras” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:
Bolivarian Alliance for the Peoples of Our America (ALBA);
The Honduran products and services has direct access to many international markets thanks to the Trade Agreements
with
Japan, European Union, Chile,
or Australia;
UK-Central America Free Trade and Economic Integration
Agreement;
Honduras gained the independence from Spain in 1821;
Abolition of Slavery in Honduras:
1824;
African Diaspora in Honduras: 0.1 million people (2% of the Honduran population).
The main religion in Honduras: Christianity -
Catholicism (7 million) and Protestantism (1 million).
Honduras belongs to the Latin American Economic area of the Western Civilization.
Honduran Economy.
The Republic of Honduras is an interesting place to do business in Central America;
Honduras is near the production centers of
North America and the largest markets in the World;
In the last years, 300 companies have established their operations in the Republic of Honduras (America) under “maquila” - (manufacturing and light assembly) in sectors such as textile and apparel, agro-industry, automotive components, electronics, and furniture production;
Honduras is the hub of the Central American garment industry;
Honduras serves as a
distribution platform to the Central American markets, among the lowest
logistics costs in the region;
The main Honduran economic activities are the financial services, communications, manufacturing, trade, agriculture, livestock, forestry, and fisheries;
Agribusiness represents 40% of the GDP of Honduras;
Honduran Currency: Lempira.
Emerging Sectors in Honduras:
Traditional sectors (agriculture, textiles, tourism);
Value-added industries (agribusiness, sustainable tourism, light manufacturing, and business services);
A flexible manufacturing sector, capable of exporting in varying scales, supported by a favorable tax and customs code;
A growing services sector;
A tourism sector that attracts international travelers;
A forestry industry that supplies a broad variety of non-traditional wood species
32 million hectares (80 million acres) at highly competitive prices, with different climates and a large potential for low irrigation agriculture.
Main business opportunities in Honduras:
Traditional sectors: agriculture, textiles, and tourism;
Value-added industries: agribusiness, sustainable tourism, light manufacturing, and business services.
International Trade of Honduras.
Exports of the Republic of Honduras are led by the activities related to the maquilas;
Total Honduran exports grew by 7.2%;
Honduras is the third largest apparel exporter to the U.S.
market;
The main Honduran export markets are the United States, the European Union, El Salvador, Guatemala, and Mexico;
The largest importers from Honduras are the United States, Guatemala, El
Salvador, European Union, and Costa Rica;
Puerto Cortés is the only deep-water port in Central America; is engaged (busiest) among the Honduran and Central American ports;
The Inter-oceanic Highway construction will allow the communication by road between the Atlantic and the Pacific oceans;
Any part of Honduras can be an Industrial Processing Zone/Free Zone where companies are exempt from all taxes.
FIDE Investment and exports is a Honduran private non-profit organization that works in partnership with the Government and other private agencies to improve the business climate in Honduras and promote the foreign direct investment.
(c) EENI Global Business School (1995-2023)
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