By World Bank
Broad-based development is without doubt one of the 4 pillars of the Nicaraguan Government's Poverty relief approach. residing criteria of the agricultural negative will proceed to count mostly upon agriculture. This examine takes inventory of significant advancements in Nicaragua's agricultural region and argues that broad-based development should be promoted by means of strengthening agricultural competitiveness. Export progress is the main, requiring instant motion inside of a coherent approach. The case of espresso is used to demonstrate the proposed strategy.
The learn additionally identifies productiveness constraints in rural issue markets, suggesting medium- and long term recommendations. The research reports the difficulty of hazard administration and concludes with descriptions of a few promising pilot tasks.
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Extra info for Agriculture in Nicaragua: Promoting Competitiveness and Stimulating Broad-Based Growth
Dynamism in international agricultural trade has come mainly from a growing market for nontraditional products. In traditional products, most developing countries face an environment of significant protectionism by developed countries. OECD subsidies pay about $350 billion a year on agricultural subsidies, or some $309 per acre. 9 This new bill subsidizes products that are important to developing countries, not only raising subsidies but also introducing new ones and reintroducing others that had been eliminated in 1996.
This may involve legally requiring quicker reimbursement times, for example, or improvement in targeting eligible operators. The effectiveness of export promotion services (such as those provided by CETREX) could also be improved by further reducing the number of documents required for export operations and eliminating needless duplication of certificates when the same operator is involved. Improve institutional effectiveness at the Customs Service level, to give preferential border crossing for perishable goods, for example.
Other Recommendations: Encourage foreign direct investment in agriculture and agro-processing by: (i) adopting foreign investment laws and regulations that are transparent and applied equally to all; (ii) guaranteeing the repatriation of profits and capital at market exchange rates; and (iii) devising mechanisms for rapid and fair resolution of disputes. Eliminate current constraints on MIFIC’s ability to pursue Nicaragua’s interests in international, regional or bilateral negotiations. S. market).
Agriculture in Nicaragua: Promoting Competitiveness and Stimulating Broad-Based Growth by World Bank