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Export Potential of Footwear Sector in Nicaragua

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NICARAGUA NEWS — The country wants to take advantage of the tariff preferences it has to export shoes to the United States and the European Union so as to attract foreign investment to the sector and turn it into an export platform.

All footwear manufactured in Nicaragua has duty free access to the United States, the European Union and other important markets. The numerous preferential access agreements which the country has signed have made it an attractive platform for exports to more than 1,500 million people worldwide.

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One of the preferential access agreements which is relevant to the export of footwear is the Free Trade Agreement between Central America and the Dominican Republic (DR-CAFTA). This agreement, which came into effect on April 1, 2006, stipulates that products assembled in the DR-CAFTA region can benefit from duty free access to the United States.

Source: Central American Data

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