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Nicaragua press the foot on the pedal

By Guy José Bendaña-Guerrero & Asociados - 09/08/2017
Nicaragua press the foot on the pedal

A delegation from the official investment promotion agency of Nicaragua (PRONicaragua) participated in a trade event on July 25 in New York, United States, where it promoted investments for the footwear sector.

The Nicaraguan mission, led by presidential delegate for investments, Álvaro Baltodano, was part of the Footwear Sourcing Intelligence Summit, an event organized by the North American Footwear Distributors and Retailers Association (FDRA).
According to EFE news agency, among the benefits, advantages and opportunities offered by Nicaraguan officials were the competitive labor costs of the country, its proximity to the main markets of Latin America and access to more than 1,500 million consumers through various trade agreements with countries and trade blocks over the world.

Currently there are 1,650 shoe factories in the country, which yearly produce 10 million pairs of shoes and generate around USD 50 million in incomes. The main exported footwear products of Nicaragua are made of rubber, plastic, and natural and regenerated leather. In 2012, a study by the FDRA recognized Nicaragua as the "emerging star" of global footwear industry. 

By Guy José Bendaña-Guerrero & Asociados - 09/08/2017
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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.