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Central America service exports resist with Nicaragua as a regional leader

By Guy José Bendaña-Guerrero & Asociados - 20/12/2017
Central America service exports resist with Nicaragua as a regional leader

The Inter-American Development Bank (IDB) presented its Trade and Integration Monitor 2017, which analyzes the current trade recovery and assesses the capacity of the region to compete in global markets.

The report highlights that following 25 months of uninterrupted contraction, "exports of goods from Latin America and the Caribbean (LAC) are back on the path to growth". After shrinking by 3.3% in 2016, the year-on-year growth between January and June 2017 reached 13.2%. The largest recoveries were observed in Suriname (45.6%), Venezuela (41.5%), Bahamas
(39.2%), Peru (28.2%), Colombia (20.4%), Brazil (19.3%), Belize (19.2%), Ecuador (18.9%) and Nicaragua (14.0%).

Nicaragua was also a main contributor to the resilience of service exports, which in 2016 grew 1.9% and reached a total of US$144.9 billion. Mesoamerica (extending from approximately central Mexico through Belize, Guatemala, El Salvador, Honduras, Nicaragua, and northern Costa Rica) accounted for 41% of LAC services exports in 2016. Although countries displayed a "relatively homogeneous performance", Nicaragua posted the higher growth rates with 18.8%, followed by Costa Rica (13.0%) and the Dominican Republic (10.0%).

“Latin America and the Caribbean needs a new generation of international integration policies. It is all about boosting competitiveness, regaining global share and make the most of the opportunities that come with disruptive technologies like e-commerce,” said Paolo Giordano, Principal Economist at the IDB’s Trade and Integration Sector and coordinator of the report.

By Guy José Bendaña-Guerrero & Asociados - 20/12/2017
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Guy José Bendaña-Guerrero & Asociados

The Law Firm, specialized in the field of Intellectual Property, formerly known as Henry Caldera & Henry Caldera-Pallais, was founded in 1907 by Mr. Henry Caldera, as part of a three-way operation consisting also of the import and retail of goods. With time, these three operations became separate enterprises. That same year, and through the efforts of Mr. Caldera, Nicaragua had its first Trademark Law.

In the late 1930’s, Mr. Caldera’s older son, Henry Caldera-Pallais, after obtaining a Law degree in Nicaragua, furthered his studies in the University of Michigan, where he graduated to become a U.S. Registered Patent Agent. During his stay in the United States, he gained experience working with the New York firm of Lagner, Parry, Card and Largner. In the late 1940’s, Mr. Caldera-Pallais returned to Nicaragua to take charge of the Law Firm, which became known as Henry Caldera & Henry Caldera-Pallais.