Low gold prices and weaker external demand account for 14% of the annual fall in the export of metal products for March.
In the first quarter of 20,700 ounces of gold were exported, down from the 73,800 ounces sold in the same period in the previous year. The main reason behind this decrease is the fall is the international price of gold, which has remained low over the past year and part of this year.
The Ortega administration will be creating a vice-minister who will be exclusively devoted to serving the needs of large and medium enterprises in the country.
The deputy minister will come under the Ministry of Development, Industry and Trade (MIFIC) and, as stated by the president himself Daniel Ortega, the purpose of this entity will be to serve only the needs of these businesses, separating them from the attention of small and micro companies.
A pilot project aims to provide funding and technical assistance to a group of food producers in order to improve their livestock and increase quality.
The purpose of the project, still in its test phase, is for farmers to use the same milk extracted from cows to feed calves instead of selling it at low prices in the local market. The plan includes providing technical assistance to implement traceability plans and in this way increase the possibility of exporting meat to EU markets.
The growth of the Nicaraguan economy is making clear the disadvantage of the country's current dependence on the ports of neighboring countries.
Although improvements have been made to the port infrastructure at Arlen Siu, this single terminal is not enough for a country whose economy is growing at the pace it is in Nicaragua. The idea of building a port terminal of great magnitude on the Caribbean coast is something that the private sector has been insisting on, as an imperative to reduce dependence on Costa Rican ports and through this improve their export competitiveness factor.
The commissioning of the plant belonging to the Mexican SuKarne has once again brought to the fore the problem of smuggling of live cattle both to Costa Rica and to Honduras.
An article in Elnuevodiario.com.ni reports that "... Canicarne's executive director, Onel Perez, insisted that the problem of livestock [smuggling] not only affects meat processing plants, but will also have effects on employment in newly set up processing plants, the price of meat for consumers, and livestock taken as a whole. "
The project aims to create a free trade zone which will offer offshore financial services and related economic activities.
The Nicaraguan government's proposal to create a free trade zone to provide tax incentives to attract financial sector companies and to exported services from there has raised doubts in some quarters, with accusations being made that the bill evokes the concept of a tax haven. However, ProNicaragua defends the bill, asserting that the goal is to attract investment of greater value, both in finance and other industries.
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