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Nicaragua highly competitive in garment production; study says
16
Jun '11
PRONicaragua, the official investment promotion agency of Nicaragua, with the support of the Enterprise & Employment Project of the United States Agency for International Development (USAID), recently presented the results of the study titled “Benchmarking the Competitiveness of Nicaragua's Apparel Industry”, which reveals Nicaragua's excellent competitive position in apparel production versus other countries in the world.

The event was presided by General Álvaro Baltodano, Presidential Delegate for Investment and Trade Facilitation and attended by important brand representatives, companies of the industry, business chambers, cooperation agencies and government institutions.

The study, elaborated by Mary O'Rourke, President of the consulting firm O'Rourke Group Partners, presents a solid benchmark analysis of Nicaragua and other major US apparel suppliers in Asia and the Western Hemisphere throughout the apparel industry's value chain. The result of the study clearly demonstrates Nicaragua as the most competitive option in the region for apparel manufacturing.

“The results of the study constitute an essential promotional tool for Nicaragua, which will allow us to attract new foreign investment projects that generate job opportunities for Nicaraguans and enable us to demonstrate that we are the most competitive destination in the textile and apparel industry”, commented Javier Chamorro Rubiales, Executive Director of PRONicaragua.

The event also included the discussion panel “How to Improve Competitiveness in Nicaragua's Textile-Apparel Industry”, during which key industry players participated such as Carlos Zúniga, Technical Director of the Free Zones National Commission (CNZF, for its acronym in Spanish); Roberto Bequillard, President of the apparel company Kaltex Argus; and Dean García, Executive Director of the Nicaraguan Association of the Textiles and Apparel Industry (ANITEC, for its acronym in Spanish).

Nicaragua exceeded its projections of textile and apparel exports during the first quarter of 2011, reaching US$272.09 million, an increase of 23.3 percent in comparison with the same period of 2010. Last year, the industry increased 14 percent, reaching a total US$1,017.5 million in total exports value.

PRONicaragua


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