Syllabus of the Subject: Foreign Trade and Business in Nicaragua -
Managua.
Introduction to the Republic of Nicaragua (Central America);
Nicaraguan Economy;
International Trade of Nicaragua;
Foreign Direct Investment in Nicaragua;
Doing Business in Managua;
Case Study: Business Opportunities in Nicaragua
Textiles;
Tourism;
Business Process Outsourcing;
Manufacturing;
Nicaraguan Agribusiness;
Energy.
Case Study: Pellas Group;
Access to the Nicaraguan Market;
Business Plan for Nicaragua.
The objectives of the subject “International Trade and Business in the Republic of Nicaragua” are the following:
To analyze the Nicaraguan Economy and Global 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 Trade Agreements;
To examine the profile of Nicaraguan Companies;
To develop a business plan for the Nicaraguan Market.
Global Trade and Business in Nicaragua
The Subject “Foreign Trade and Business in Nicaragua” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:
Economic Commission for Latin America and the Caribbean (ECLAC);
Forum for East Asia-Latin America Cooperation (FEALAC);
Community of Latin American and Caribbean States (CELAC)
European Union-CELAC Summit.
Global Organizations:
United Nations (UN)
Conference on Trade and Development (UNCTAD);
International Trade Centre (INTRACEN);
World Intellectual Property Organization (WIPO).
World Bank (WB);
World Trade Organization (WTO);
International Monetary Fund (IMF).
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 belongs to the Western Civilization -
Latin American area.
Nicaraguan Economy
The Republic of Nicaragua is one of the top economies in the Central American region with the most favorable conditions for doing business (World Bank);
Nicaragua has a 22,000 kilometers of road network connecting Managua (the Capital of Nicaragua) to all the main cities;
The Pan-American Highway (370 kilometers) connects Nicaragua
with Honduras and Costa Rica;
The telecommunication sector is completely privatized and is considered to be one of the most modern in Central America;
On the Latin American Globalization Index, Nicaragua was ranked as the third most globalized 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.
International 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 globalized nation in Latin America (Latin American Globalization 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.
Foreign direct investment (FDI) in Nicaragua.
Total FDI: 434.2 million dollars;
The main sectors receptors of foreign direct investment: energy, telecommunications, and Free Zones.
(c) EENI Global Business School (1995-2023)
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