Rights Action sends out this general information:
“HONDURAS IS OPEN FOR BUSINESS” - INTERNATIONAL INVESTMENT CONFERENCE, MAY 5-6, 2011, SAN PEDRO SULA, HONDURAS
During the conference, the Honduran regime will highlight the benefits of investing in Honduras and present 100 potential investment projects in six key sectors:
EXPECTED TO ATTEND ARE:
BELOW, A RANDOM COLLECTION OF INFO FROM THE INTERNET
We all know that there is a strong competition for foreign investment, which motivates governments to improve the conditions that attract investment, such as the macro economy and infrastructure. I believe that this initiative of President Lobo’s government and Secretary Mario Canahuati is excellent. Now is a good time to hold the “Honduras is Open for Business” conference, especially since we can see positive signs that the country is moving along the right path. The Honduran economy is recovering from the effects of the global crisis and the political crisis and we have already seen a substantial upturn in economic activity and domestic confidence. All of these signs point to a greater economic takeoff in 2011.
For example, it is worth pointing out the significant success in the coffee growing sector, which in the last quarter of 2010 had the largest harvest in Honduras’s history and increased exports by 153 percent. This volume places Honduras as the largest producer in Central America, third in the Americas, and sixth in the world. This will not only result in increased foreign exchange inflows for the country, approximately US$1 billion, but will also have a positive impact on growth, employment, and wealth generation, as well as strengthening the rural sector and combating poverty. We in the Embassy hope that economic growth will surpass the official projections.
Without a doubt, San Pedro Sula plays an important role as the industrial capital and the logistical and commercial center of the country, which makes it the ideal place to hold the “Honduras is Open for Business” conference. Even more important though is the role of all of you here. With your confidence and constant work, you are truly the driving force for a better future for Honduras by investing, creating jobs, and promoting competitiveness and productivity under the rubric of free market principles.
Logically, before venturing into an unknown market, new investors will look towards you, who have been operating in Honduras for many years, as a frame of reference. Any national efforts to capture new investment, as well as the promoting and holding of this conference, will be much more successful if it is complemented by the support of the existing investment community. The growth in new capital flows that Honduras would receive would benefit all in the long term.
We hope to continue our friendship and mutual efforts to strengthen the commercial ties between Honduras and the United States and thus we are supporting the “Honduras is Open for Business” conference.
"HONDURAS IS OPEN FOR BUSINESS"
Source: CentralAmericaData.COM, Monday, January 24, 2011
The Government of Honduras announced an aggressive plan for legal reform and a campaign to promote the country as an investment destination. With the launch of web portal "Honduras is open for business" and a video of a speech by President Porfirio Lobo the Honduran Government announced the National Investment Promotion program 2010-2014, named "The high point of a deep institutional and legal reform to position Honduras as the most attractive investment destination in Latin America.”
During May 5 and 6 in San Pedro Sula, at the Expocentro fairgrounds, an event will take place including Exporters, Business Roundtables and an international business forum, in which participation of former U.S. President William Jefferson Clinton, former president of Colombia, Álvaro Uribe Vélez, Mexican businessman Carlos Slim and the president of the Inter-American Development Bank, IDB, Luis Alberto Moreno, is expected.
In search for accelerated economic and social development, the National Congress of Honduras, adopted January 19, 2011, the possibility of Special Development Regions, in order to accelerate the adoption of technologies to produce and deliver services with high added value, so to attract domestic and foreign investment necessary to grow rapidly, reduce social inequalities and in general, improvement of living conditions in the region.
The systems implemented in the Special Development Regions shall be authorized by a constitutional statute approved by Congress with a qualified majority of two thirds of all its members and can only be amended by Congress with the same terms as its approval.
Approval of Special Development Regions brought constitutional reforms, thus enabling signature of treaties and international agreements on issues related to trade and cooperation. This recently approved decree must be ratified by the next legislature.
As an important milestone for the “National Investment Promotion Program 2010-2014,” the Government of Honduras has announced the “Honduras is Open for Business” exhibition and investment conference. The goal is to advertise this CAFTA-DR country as one of the most attractive investment destinations in Latin America.
The event is scheduled for May 5-6, 2011, in the city of San Pedro Sula, Honduras’s business capital. “Honduras is Open for Business” will also include an international forum: “New Challenges and Expectations of Latin America at a Time of Global Economic Change and Transformation,” for which speakers of global significance have been invited.
During the conference, the Honduran government will highlight the potential benefits of investing in Honduras and present 100 potential investment projects in six key sectors:
The Honduran government will also inform attendees of its efforts to improve the legal framework and incentives for investment in Honduras, most notably a Public-Private Partnership law that was passed in August 2010 and a new Investment Protection and Promotion Law, which as of January 2011 is under review by the Honduran National Congress. The Honduran government will also launch a “Single Window” for foreign direct investment. More information: www.hondurasopenforbusiness.com
Honduras to Host Investment Forum in May
Source: laprensa.hn, Thursday, January 13, 2011
San Pedro Sula will host the forum "Honduras Open for Business" seeking to promote the country to foreign investors. The event will take place on May 4 and May 5 at the Felipe Argüello Chamber of Commerce and the Honduran Social Arabic Club. Deputy Foreign Minister Alden Rivera, told Laprensa.hn, "... we are inviting about 2.500 businessmen from global corporations, but only 500 foreign businessmen have confirmed and other 500 are local.”
RICHEST MAN IN THE WORLD SUPPORTS HONDURAS
February 4, 2011
According to Foreign Minister, Mario Canahuati, billionaire Carlos Slim, considered the richest man in the world by Forbes magazine, has agreed to participate in the event “Honduras is Open for Business” to be held in May of this year in San Pedro Sula.
The 70 year old Mr. Slim (of Mexico), is estimated to be worth 53.5 billion dollars, even topping Bill Gates of the United States, who has acquired 53 billion.
“Honduras is Open for Business” aims to promote Honduras as a destination for foreign investment, and Minister Canahuati proudly conveyed more than 55 foreign companies have confirmed their participation in the event.
The event is being held in San Pedro Sula on May 5th and 6th, when the country intends to project “a different Honduras, a Honduras that is ready to receive investors,” according to the Minister.
Among the participants, he added, “we have now confirmed an employment representative from Taiwan,” and “we have also confirmed an investment project coordinator from mainland China.” He said several Central American leaders who have made the decision to stand by President Lobo will also participate, allowing this event to take place with “the support of the international community.”
Canahuati reaffirmed that the conclave will be presented over 100 investment projects with “laws that will ensure that Honduras becomes a country of investment.”
He explained that as preparatory steps, he will be “Socializing the project, working with different ministries, and incorporating employers to be fully involved” as well as the media, workers, and civil society in general.