Business in Honduras, Tegucigalpa

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Syllabus of the Subject: Foreign Trade and Business in Honduras - Tegucigalpa (Course, Master).

Introduction to the Republic of Honduras (Central America)
Honduran Economy
International Trade of Honduras
Foreign Direct Investment (FDI) in Honduras
Doing Business in Tegucigalpa and San Pedro de Sula
Case Study: Business Opportunities in Honduras
1. Manufacturing
2. Textile
3. Agribusiness
4. Services
Access to the Honduran Market
Business Plan for Honduras

Honduran Free Trade Agreements (FTA) and Market Access

Honduras and the Latin American Economic Area
Central American Integration System (SICA)
Central American Common Market - Integrated with the SICA -
The Honduran products and services has direct access to many international markets thanks to the Trade Agreements with the United States, Canada, Colombia, Panama, Central America, the Dominican Republic, Mexico, Japan, European Union, Taiwan, Chile, or Australia
Association of Caribbean States (ACS)
Mesoamerica Project
Latin American and Caribbean Economic System (SELA)
Bolivarian Alliance for the Peoples of Our America (ALBA)

The objectives of the Subject “Foreign Trade and Business in the Republic of Honduras” are the following:

To analyse the Honduran economy and foreign 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 Free Trade Agreements
To develop a business plan for the Honduran Market

The Subject “Doing Business in Honduras” belongs to the following Online Higher Education Programs taught by EENI Global Business School:

Masters: Business in America, International Business, Foreign Trade
Doctorates: American Business, World Trade
Course: Business in Central America

Learning materials in or Honduras Honduras Honduras

Credits of the Subject “Foreign Trade and Business in Honduras”: 1
Duration: one week

Online Student (Master International Business)

Example of the Subject - Doing Business in Honduras
Tegucigalpa Business

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Description of the Subject: Foreign Trade and Business in Honduras.

The Republic of Honduras.

Since 1980 Honduras is governed by a democratic system with steady institutions, a transparent legal system, and political and social stability.
Honduras is situated in the heart of the American continent. Only two hours by Air and 48 to 72 hours by sea to the United States
Honduras has a population of 8.7 million people
Honduran Capital: Tegucigalpa
Area of Honduras: 112,492 square kilometres
Honduras shares borders with Guatemala, El Salvador, and Nicaragua
Honduran main language: Spanish
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 Civilisation

Honduran Economy.

The Republic of Honduras is an interesting place to do business in Central America
Honduras is near the production centres 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 favourable tax and customs code
A growing services sector
A tourism sector that attracts international travellers
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

Honduran Economy (Master, Course)

Main business opportunities in Honduras:

Traditional sectors: agriculture, textiles, and tourism
Value-added industries: agribusiness, sustainable tourism, light manufacturing, and business services

Foreign 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 organisation that works in partnership with the Government and other private agencies to improve the business climate in Honduras and promote the foreign direct investment (FDI).

United States-Central America Free Trade Agreement (Course)