Tuesday, November 29, 2011

Honduras.Support to Trade and Investment Promotion

aThe competition to attract FDI and exports is placed very intense, and Honduras do not have the right tools to make the fight. Honduras suffers from a modern system of investment attraction and export promotion that allows you to compete effectively for resources with other countries within and outside the region and opportunities for FDI. Despite a major effort by FIDE, both in attracting investment and in export promotion, government initiatives have been isolated, with few levels of coordination, and without the institutional and regulatory sophistication demanded by the international competition in these ields.Sophisticated weapons are needed to re-enter the world.

After choosing a new democratic government has begun a transition toward economic recovery and better integration into global markets. It is essential to generate more speed and dynamism in the growth, and better tools to compete for FDI and increase exports at a time when the macro situation is not favorable.Despite internal and external crises, there are also great opportunities. Low international rates, excess liquidity in global markets and the need for companies in the developed world to reduce costs, encourage greater flows of FDI to lower cost locations with good access to markets. The promotion of investment and exports may act as anti-cyclical phenomenon to face the challenges. Nationally, as part of the response to the political crisis, has developed a National Plan that provides long-term guidance and establishes a set of initiatives to modernize the instruments available to the country to improve their position in the world.In March 2011, the Government of the Republic of Honduras, through the Ministry of Foreign Affairs, the National Program for the Promotion of Investments.

The program, based on the rational and sustainable use of the most significant potential in Honduras, there is a horizon of 3 years service and aims, among other impacts, attracting 4,500 million dollars in foreign direct investment and the creation of 350,000 jobs direct. In its early stages, the program will be conducted by the Ministry of Foreign Affairs (SRE), but given the multisectoral nature of it, has joined the Cabinet Sector Investment and Trade and the National

 Investment Council (CNI).IBD.HO-T1155: Support to Trade and Investment Promotion