Business in Nicaragua

The objectives of the subject “International Trade and Business in Nicaragua” are the following:

1. To analyze the Nicaraguan Economy and Global Trade
2. To know the business opportunities in Nicaragua
3. To explore the Nicaraguan trade relations with the country of the student
4. To know the Nicaraguan Trade Agreements
5. To examine the profile of Nicaraguan Companies
6. To develop a business plan for the Nicaraguan Market

The Subject “Foreign Trade and Business in Nicaragua” belongs to the following Online Programs taught by EENI Global Business School:

Masters: International Business, Foreign Trade.

Doctorate: American Business, World Trade.

Languages: or Nicaragua Nicaragua Nicarágua.

1. Credits of the subject “Doing Business in Nicaragua”: 1
2. Duration: one week

Nicaraguan Trade Agreements and Market Access.

1. Nicaragua and the Latin American area
2. Central American Integration System
   1. Central American Common Market - Integrated with the SICA -
3. Association of Caribbean States
4. ALBA
5. Latin American and Caribbean Economic System
6. Nicaragua has trade agreements in force with Mexico, Panama, Colombia, the EU, and Chile
7. Dominican Republic-Central America-U.S. FTA
8. Dominican Republic-Central America FTA
9. Nicaragua-Taiwan FTA
10. South Korea-Central America FTA
11. UK-Central America Free Trade and Economic Integration Agreement
12. Panama-Nicaragua FTA
13. Mesoamerica Project
14. Global System of Trade Preferences
15. ALADI (observer)

1. WTO
   1. GATS
   2. Agreement on the Application of Sanitary Measures
   3. Agreement on Technical Barriers to Trade
   4. Agreement on Preshipment Inspection
   5. Agreement on Safeguards
   6. Trade Facilitation Agreement
2. WCO
   1. Kyoto Convention

1. Inter-American Development Bank
2. OAS
3. ECLAC
4. East Asia-Latin America Cooperation
5. CELAC 
   1. EU-CELAC Summit

1. UN
   1. UNCTAD
   2. ITC
   3. WIPO
2. WB
3. WTO
4. IMF

The Republic of Nicaragua.

1. The population of the Republic of Nicaragua (6 million) is very young (80% under the age of 39)
2. 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
3. Nicaraguan official language: Spanish
4. Nicaragua has an advantaged location on the American continent (2'30 hours by Air, three days by sea from the U.S.)
5. Nicaragua shares borders with Honduras and Costa Rica
6. Nicaragua is the biggest nation in Central America (130,600 km²)
7. Nicaragua gained the independence from Spain in 1811
8. Abolition of Slavery in Nicaragua: 1836
9. African Diaspora in Nicaragua: 0.5 million people (9% of the Nicaraguan population)
10. Political crisis

Religion in Nicaragua: Christianity (Catholicism: 2.6 million).

Nicaragua belongs to the Western Civilization - Latin American area.

Nicaraguan Economy

1. The Republic of Nicaragua is one of the top economies in the Central American region with the most favorable conditions for doing business (WB)
2. Nicaragua has a 22,000 kilometers of road network connecting Managua (the Capital of Nicaragua) to all the main cities
3. The Pan-American Highway (370 kilometers) connects Nicaragua with Honduras and Costa Rica
4. The telecommunication sector is completely privatized and is considered to be one of the most modern in Central America
5. On the Latin American Globalization Index, Nicaragua was ranked as the third most globalized country in Latin America
6. The flight time from Managua to the U.S. 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
7. Nicaraguan GDP: 6,400 million
8. Agribusiness, fisheries, and forestry accounted for 19% of the GDP of Nicaragua
9. in Nicaragua, there are thirty-eight industrial parks, mainly in the textile and clothing sector and manufacturing sector (especially medical devices)
10. Nicaraguan Currency: Córdoba

International Trade of Nicaragua

1. Nicaraguan total exports: 2,700 million dollars
2. Nicaragua is an excellent export platform for access to regional markets (Mexico, Central and South America, and the Andean Countries)
3. Nicaragua is a member of the Central American Common Market
4. Nicaragua is the third most globalized nation in Latin America (Latin American Globalization Index)
5. Main export markets of Nicaragua are the U.S., Central American Common Market, the EU, Mexico, and Japan
6. The main import partners of Nicaragua are the U.S., Mexico, Costa Rica, Venezuela, Guatemala, and El Salvador
7. The Inter-American Development Bank forgives 50% of Nicaraguan foreign debt

Foreign direct investment in Nicaragua.

1. Total FDI: 434.2 million dollars
2. The main sectors receptors of foreign direct investment: energy, telecommunications, and Free Zones

(c) EENI Global Business School (1995-2023)
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