The summit will deliver collectively excessive degree representatives of the world’s most vital manufacturers within the footwear trade and Nicaragua’s participation within the summit goals at selling the aggressive benefits the nation affords for the event of footwear manufacturing tasks.
Nicaragua’s footwear trade is principally composed of medium and small enterprises (SME’s). At the moment, there are roughly 1 650 companies producing 10 million pairs of sneakers a 12 months, which generate income within the space of 50 million US yearly.
Among the many most dear property supplied by Nicaragua are: a aggressive labor prices framework, significantly favorable for the footwear trade, which requires labor-intensive processes, and a Free Zone System. Likewise, the nation’s proximity to the world’s largest markets, and entry to over 1.5 billion folks by way of Nicaragua’s Free Commerce Agreements.
Nicaragua’s footwear trade is principally centered on: footwear with outer soles of rubber, plastic, leather-based or composition leather-based and uppers of leather-based, and sport sneakers with textile uppers (that are throughout the 6403 class).
In response to a examine performed by the FDRA in 2012, which acknowledged Nicaragua as a “rising star” on this planet’s footwear trade, “the nation is very aggressive for the manufacturing of girls leather-based heels.”