Direcon: Public-Private Delegation of Nicaragua seeks to increase investment of Chile in the country

  • Direcon

Direcon -  International Economic Relations Office | April 24, 2015|

During the Seminar: "Investment Opportunities for Chileans in Nicaragua" held today at the Industrial Development Society (SOFOFA), senior officials of Nicaragua raised the interest of promoting foreign investment in their country in the areas of energy, mining, infrastructure, agribusiness, tourism and textiles.

The activity was part of an agenda developed by a Nicaraguan public-private mission, headed by Alvaro Baltodano, Presidential Delegate for Investment of the Government of Nicaragua, which seeks to stimulate the presence of Chilean capital in that country of just over six millions of inhabitants.

During the event, the general director of Direcon, Andres Rebolledo, said that Chile has a trade agreement with Central America, which already has more than ten years and which Nicaragua is a party. "It is a pragmatic and flexible agreement and we care that Nicaragua approaches the south because there are opportunities not only in traditional trade flows, but also to find spaces that will increase investment and cooperation."

Alvaro Baltodano stated that his country has made progress in the issuance of a series of rules and regulations that provide certainty for investors and businesses, while highlighting the performance of the economy. In fact, according to the Preliminary Overview of the Economies of Latin America and the Caribbean 2014, ECLAC, Nicaragua and Panama will lead this year's economic growth in Central America, with figures of 5% and 7% respectively.

The president of the Superior Council of Private Enterprise (COSEP), Jose Adan Aguerri, said that Nicaragua being one of the poorest economies in Central America after the Civil War of the late seventies, exports and investment has risen. He said Nicaragua has a new model that provides opportunities for private companies within the framework of a dialogue process and consensus with the public sector, which until now has 95 laws that facilitate