Syllabus of the Subject: Foreign Trade and Business in Nicaragua -
Managua.
Introduction to the Republic of Nicaragua (Central America);
Nicaraguan Economy;
International Trade (Import, Export) of Nicaragua;
Foreign Direct Investment (FDI) 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 “Foreign Trade and Business in the Republic of Nicaragua” are the following:
To analyze the Nicaraguan Economy and Foreign Trade (Import, Export, FDI);
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.
Sample: Foreign 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:
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);
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.
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 globalized nation in Latin America (Latin American Globalization Index);
MainExport 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.