and agroindustry are considered to be the major sources of potential
growth in Nicaragua, generating the greatest source of income and creating
the most jobs.
- In 1996, the agroindustry sector produced 60% of total
exports, 25% of the GDP and 30% of total employment.
- Through the Caribbean Basin Initiative, duties and tariffs with the
United States were eliminated.
- The country has the most fertile land of the region, excellent volcanic
loan soils and large reserves of underground water for irrigation.
- The main agricultural products for export are : coffee, cotton, sesame
seeds, bananas, peanuts, meat, fish, shrimp, lobster, wood, melons, onions.
- 40% of the cultivated land is used for export crops.
- Special tax rebates exist for Non-traditional exports.
- Venezuelan duties on Nicaragua goods have been eliminated and a Free
Trade Agreement is being negotiated with Mexico.
- There is a great potential for Non-traditional products such as citrics,
melons, pulps and fruit juices.
|FACTS OF INTEREST
|Non-traditional exports are growing in importance in Nicaragua. In
1996, principal exports in the Non-traditional category were:
Honeydew and Cantaloupe melons
Sweet Limes or Limes ( Tahiti )
Chili ( Tabasco )
Cut flowers and ornamentals
Plants for medical use
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