Exports to U.S. up 35% Since CAFTA
Nicaraguan exports to the United States have surged 35.5% in the first two years of the Central American Free-Trade Agreement with the United States (CAFTA).
Nicaraguan exports to the United States grossed $243.4 million in 2005, before CAFTA entered into force in April 2006. In 2007 exports to the United States totaled $328.3 million, according to Roberto Brenes, who heads Nicaragua’s Center for Promotion of Exports and Investment.
Brenes said Nicaragua has seen trade growth on at least 18 products, mainly agricultural and agroindustrial. U.S. investment in Nicaragua has also grown, Brenes said, from $35.9 million in 2005 to $83.5 million in 2007.
You may be interested

Throwback Thursday: 2006 Arenal Volcano lava flows
The Tico Times - March 4, 2021Arenal Volcano's July 1968 eruption destroyed three small villages, killed 87 people and wiped out 232 square kilometers of crops…

MOPT warns of higher traffic fatalities as measures are eased
Alejandro Zúñiga - March 4, 2021The Public Works and Transport Ministry (MOPT) is reminding drivers to follow the rules of the road when traveling this…

Bayer to expand Costa Rica-based operations
The Tico Times - March 4, 2021Bayer is expanding its presence in Costa Rica through the purchase of a property near the Coyol Industrial Park in…