Textile And Garment Products Exported To Europe And The United States Enjoy Tariff Preferences In Nicaragua
Nicaragua
The bilateral free trade agreement with Mexico, Dominica, the United States, Taiwan and Panama has come into force, and the free trade agreement signed with the European Union and Chile is expected to be implemented as soon as possible, in addition to Canada.
Free trade agreement
And actively sign the agreement.
Investing in factories in Nicaragua can enjoy the preferential treatment of the "general agreement on the free trade agreement between Central America and Dominica and the United States" (CAFTA-DR), Canada and the EU general preferential tariff system (GSP). The textile and garment products are exported to the United States and EU countries not only without quota restrictions, but also enjoy the zero tariff treatment of the US TPL. The investment companies can take advantage of the above advantages, take Nicaragua as the production base, and sell Europe and America and other central and South American markets.
In addition, Nicaragua is investing in outsiders with Taiwan, Spain, Denmark and Chile.
Argentina
Other countries sign investment guarantee agreements and actively sign agreements with other countries.
An insurance agreement was signed with international agencies such as Multilateral Investment Guarantee Agency (MIGA), Overseas Private Investment Company Overseas Private Investment Corporation, OPIC and international investment dispute Coordination Center (Agency) to strengthen bilateral investment relations and attract foreign investment to promote Nicaragua's economic growth.
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