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Follow on Google News | PRONicaragua participates in export and investment training in JapanNicaragua recently participated in the Capacity Development for Export and Investment training conducted by the Japan International Cooperation Agency (JICA), held in Japan from Feb. 17 to March 15.
By: PRONicaragua Representatives from PRONicaragua, the official investment and export promotion agency, attended the intensive program on how to identify and assess specific issues present in Nicaragua’s export promotion. The agency’s delegation included Investment Promotion Manager, Ana Marcela Valladares, and Exports Market Coordinator, Oscar Loza. The training covered an in-depth analysis on the country’s current trade promotion situation. According to the findings, the country proved to have several strengths including its market access, including a Generalized System of Preferences (GSP) with Japan and a Free Trade Agreement (FTA) with Europe; and export-oriented culture and competitive wages. On the other hand, the country needs to improve its education quality, dependency on U.S. market, innovation, production volumes and certifications. In order to overcome these difficulties, the agency plans to update trade relations between Nicaragua and Japan, provide a workshop for key players in various industries, and participate in an inbound mission, among others. JICA plans to extend a follow-up support to Nicaragua in order to help the country successfully develop the action plan to promote international trade. End
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