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GOODS MANUFACTURED FOR EXPORT

Today apparel accounts for more then 90% of goods manufactured for export. Most companies operate under the "807" clause of the US customs regulations that allows for duty-free re importation to the US of clothing assembled in a CB (Caribbean Basin) country using US cloth. Other goods already manufactured are shoes, furniture, wood ornaments, refrigerators and wire harness for cars. Other possibilities for export oriented manufacturing are fabric or leather bags, electrical assemblies, connector assemblies, vinyl and wooden windows, medium to large sail and motor boats, sails and other marine articles, light metal assemblies and automotive sub-assemblies.

WHY HONDURAS INSTEAD OF AN OTHER CBI COUNTRY?

  • It is a centerpiece country of the USA's CBI (Caribbean Basin Initiative) promotion program.
  • The investment incentives (profit repatriation, tax exemption, etc.) are the most favorable in the Caribbean.
  • Labor costs are lower and the labor force is more productive then in other competitive CBI countries.
  • The Government actively encourages investment by foreign firms.
  • It is gaining a track record of success by foreign firms.
  • Greater Margins for growth in apparel, footwear, pharmaceutical, electronics and furniture sectors.
  • Honduras has closer ties with the US, which results in more favorable trade terms.
  • Honduras has the infrastructure and labor force to support additional growth in any manufacturing sector.

WHAT ARE THE SIGNS THAT HONDURAS IS ON THE GROWTH CURVE?

  • Expanding Free Trade Zone development.
  • Increasing investment by local and foreign firms.
  • Diversification of Honduran industry and exports.
  • Increasing value of Honduran exports.
  • Government support of privatization of state owned enterprises.

ARE FOREIGN INVESTMENTS SECURE IN HONDURAS?

Yes

  • There is political stability.
  • Foreign enterprises have never ceased business for non commercial reasons.
  • Foreign enterprises have never been nationalized.
  • Foreign enterprises have never experienced major disagreements with government or labor force.

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