Nicaragua Trade With Us

U.S. Trade with Nicaragua

Introduction

Nicaragua is a friendly, peaceful country that has received slightly negative press over the years. After more than a decade of stability, Nicaragua is ready to enter the international business market. This paper examines international trade between the united States and Nicaragua, focusing on exportations from the U.S. to Nicaragua. It gives reasons wherefore Nicaragua is favorable trade market, discusses obstacles to doing business with Nicaragua, and describes applicable laws (both U.S. and Nicaraguan) that argon relevant to conducting trade with this country.

Current Relations between the U.S. and Nicaragua
zygomorphous relations between the United States and Nicaragua are strong. Following the polish of the Sandinista/Contra war, the composition of Nicaraguas major trading partners changed diametrically past from the Eastern Bloc and Cuba to U.S. suppliers. In fact, the U.S. market share in Nicaragua has increased steadily since 1980 and the United States has become Nicaraguas largest trading partner.
This is partially due to the fact that Nicaraguan consumers maintain a fondness in favor of American products (U.S. Embassy, 1997). This is because many Nicaraguans have been to the United States for travel or to escape the Sandinista era.



As a result, the Nicaraguan market maintains a predisposition in favor of U.S. products and lifestyle.

Nicaragua -- A Favorable Trade Market

There are many reasons why Nicaragua is a favorable trade market for the U.S. First of all, Nicaragua has a multitude of free trade zones. Free trade zones are special commercial and industrial areas in which special usance procedures allow the importation of foreign merchandise without the requirement that duties be paid immediately or at all. Companies who operate in free trade zones are eligible for exemptions in income tax, value-added tax, tariffs, and export taxes.
These free trade zone benefits apply to both foreign...If you involve to get a full essay, order it on our website: Orderessay



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