Business in Nicaragua, Managua

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Syllabus of the Subject: Foreign Trade and Business in Nicaragua - Managua (Master, Doctorate).

Introduction to the Republic of Nicaragua (Central America)
Nicaraguan Economy
International Trade of Nicaragua
Foreign Direct Investment (FDI) in Nicaragua
Doing Business in Managua
Case Study: Business Opportunities in Nicaragua
1. Textiles
2. Tourism
3. Business Process Outsourcing
4. Manufacturing
5. Nicaraguan Agribusiness
6. Energy
Case Study: Pellas Group
Access to the Nicaraguan Market
Business Plan for Nicaragua

Nicaraguan Free Trade Agreements and Market Access

Nicaragua and the Latin American area
Central American Integration System (SICA)
Central American Common Market - Integrated with the SICA -
The Republic of Nicaragua has Free Trade Agreements (FTA) in force with the United States, Taiwan, Mexico, Panama, Colombia, European Union, the Dominican Republic, and Chile
Mesoamerica Project
Association of Caribbean States (ACS)
Bolivarian Alliance for the Peoples of Our America (ALBA)
Latin American and Caribbean Economic System (SELA)

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

To analyse the Nicaraguan economy and foreign trade
To know the business opportunities in the Republic of Nicaragua
To explore the Nicaraguan trade relations with the country of the student
To know the Nicaraguan Free Trade Agreements
To examine the profile of Nicaraguan Companies
To develop a business plan for the Nicaraguan Market

The Subject “Doing Business in Nicaragua” 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 Nicaragua Nicaragua Nicarágua

Online Students, Master in International Business

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

Example of the Subject - Doing Business in Nicaragua
e-Course: Foreign trade and Doing Business in Nicaragua

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Description of the Subject: Trade and Business in Nicaragua.

The Republic of Nicaragua.

The population of the Republic of Nicaragua (6 million) is very young (80% under the age of 39)
Managua, the capital of the Republic of Nicaragua, has a total population of 1.3 million people; 27% of the population of Managua (350,000) are between 20-34 years
Nicaraguan official language: Spanish
Nicaragua has an advantaged location on the American continent (2'30 hours by Air, three days by sea from the United States)
Nicaragua shares borders with Honduras and Costa Rica
Nicaragua is the biggest nation in Central America (130,600 square kilometres)
Nicaragua gained the independence from Spain in 1811
Abolition of Slavery in Nicaragua: 1836
African Diaspora in Nicaragua: 0.5 million people (9% of the Nicaraguan population)
Political crisis

Religion in Nicaragua: Christianity (Catholicism: 2.6 million)

Nicaragua belongs to the Western Civilisation - Latin American area

Nicaraguan Economy

Nicaraguan Economy (Master, Course)

The Republic of Nicaragua is one of the top economies in the Central American region with the most favourable conditions for doing business (World Bank).
Nicaragua has a 22,000 kilometres of road network connecting Managua (the Capital of Nicaragua) to all the main cities
The Pan-American Highway (370 kilometres) connects Nicaragua with Honduras and Costa Rica
The telecommunication sector is completely privatised and is considered to be one of the most modern in Central America
On the Latin American Globalisation Index, Nicaragua was ranked as the third most globalised country in Latin America
The flight time from Managua to the United States is two hours by plane and three days by ship. This proximity of Nicaragua to North America, Central, and South America positions it as very interesting facilities for companies exporting to these markets
Nicaraguan Gross Domestic Product: 6,400 million
Agribusiness, fisheries, and forestry accounted for 19% of the GDP of Nicaragua
In the Republic of Nicaragua, there are thirty-eight industrial parks, mainly in the textile and clothing sector and manufacturing sector (especially medical devices)
Nicaraguan Currency: Córdoba

Foreign Trade of Nicaragua

Nicaraguan total exports: 2,700 million dollars
Nicaragua is an excellent export platform for access to regional markets (Mexico, Central and South America, and the Andean Countries)
Nicaragua is a member of the Central American Common Market
Nicaragua is the third most globalised nation in Latin America (Latin American Globalisation Index)
Main Export Markets of the Republic of Nicaragua are the United States, Central American Common Market, European Union (EU), Mexico, and Japan
The main import partners of Nicaragua are the United States, Mexico, Costa Rica, Venezuela, Guatemala, and El Salvador
The Inter-American Development Bank forgives 50% of Nicaraguan foreign debt