Honduran people have always had a great affinity towards American products. This has generated a great demand for them that has been restrained by tariffs and other commercial barriers that have protected local producers and have impeded free trade in the past. With the passing of the Central American and Dominican Republic Free Trade Agreement (DR-CAFTA) in which more than 80% of these restrictive tariffs are eliminated, free trade is facilitated to Honduras which is a great opportunity for American exporters to explore this market that has been of great importance for the United States.
Proof of this is the high amount of trade that takes place between the U.S. and this region every year reaching over $30 billion in recent years. This agreement also offers increased legal protection for investors who wish to enter this market and benefit from its opportunities. This protection makes Honduras and the region more attractive for investors since it reduces the risk incurred and assures the safety of the investment.
Currently, since the implementation of DR-CAFTA in Honduras on April 1, 2006, there is a wide variety of products that represent highly profitable opportunities for American exporters due to the high demand for these products experienced in Honduras and the recent additional benefits acquired with this free trade agreement. The following are example of such products:
- Information technology and communications
- Medical Equipment
- Industrial Machinery
- Aviation and aerospace products
- Transportation Equipment
- Paper and related products
Information retrieved from: http://www.freetradehonduras.org