Home / Knowledge / News / Apparel/Garments / Nicaraguan delegation to meet Georgia's apparel producers

Nicaraguan delegation to meet Georgia's apparel producers

17
Apr '12
A public-private Nicaraguan delegation will be visiting the state of Georgia with the purpose of fostering a closer business relation and an active commercial exchange between Nicaragua and the aforementioned state, as well as to encourage investment initiatives.

During this visit, PRONicaragua, the official investment promotion agency, and the American Chamber of Commerce in Nicaragua (AMCHAM) will be hosting a networking reception on Wednesday, April 25th, with the purpose of creating a conducive atmosphere in which Georgia's businesspeople, mainly from the apparel, light manufacturing and agribusiness industries, and government representatives will be able to interact with their Nicaraguan counterparts.

At the networking reception, participants will have the opportunity to learn why Nicaragua has experienced important macroeconomic growth, attracting increasing amounts of foreign direct investments year after year. Additionally, foreign investors established in Nicaragua will share their experience of doing business in the country, highlighting the successful development of their investment projects.

Furthermore, PRONicaragua will be a special guest in this year's edition of Texprocess Americas tradeshow at the Georgia World Congress Center in Atlanta. During the International Trade Update Symposium, to be held on April 26th, the agency will be presenting Nicaragua's investment opportunities and competitive advantages vs. other Asian countries in the textiles and apparel sector.

According to the Office of Textiles and Apparel (OTEXA) of the U.S. Department of Commerce, by December 2011 Nicaragua was the 11th largest worldwide apparel supplier to the U.S. in volume and the 12th largest in value, thus becoming an important player in the global textile and apparel industry. When comparing figures between 2011 and 2010, apparel exports to the U.S. from Nicaragua grew by 33 percent in value reaching US$1,356.9 million and 13 percent in volume reaching 409.5 million square meters.

PRONicaragua is the Nicaraguan Investment Promotion Agency, established in 2002. It is a non-profit, public-private institution whose mission is to generate economic growth and job creation in Nicaragua by attracting high-quality foreign direct investment.

PRONicaragua


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 15th May 2021

Australian govt earmarks Au$1 mn for boosting fashion industry

The government of Australia has earmarked Au$1 million to promote and ...

Pic: Sorbis / Shutterstock.com

Apparel/Garments | On 15th May 2021

Prime Content| US textiles & apparel imports grow 4.32% in Q1 2021

The import of textiles and apparel by the United States increased by...

Pic: Amanda Wakeley

Fashion | On 15th May 2021

British luxury fashion company Amanda Wakeley enters administration

The British luxury fashion designer Amanda Wakeley’s company, AW...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Value of 'Made in India' should get more importance

Textile Industry, Head honchos

Textile Industry
Head honchos

Indian apparel industry looks poised for slow death

Textile Industry, Head honchos

Textile Industry
Head honchos

Verticals like fast fashion won’t completely adopt personalisation on...

P V Kadole,

P V Kadole

Nine co-operative organisations from Ichalkaranji came together to form an ...

Chini Chouhan,

Chini Chouhan

Founded by Chini Chouhan, her eponymous brand specialises in women's...

Tony Naschberger,

Tony Naschberger

With production sites in Klagenfurt and Kufstein, Zimmer Austria is a...

Brad Holschuh, Wearable Technology Lab, University of Minnesota

Brad Holschuh
Wearable Technology Lab, University of Minnesota

A new study led by researchers at the University of Minnesota's Design of...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali
Kalaneca

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search