Nicaragua positioned to excel in apparel production

Official Investment Promotion Agency of Nicaragua (PRONicaragua) says that Nicaragua is once again attracting the attention of international apparel producers as a key factor has caught their eye: the country's cost competitiveness. Nicaragua was found to be the single most competitive option for sourcing numerous apparel products, not just in this hemisphere, but also compared to China, Vietnam and Bangladesh, according to the study titled “Benchmarking the Competitiveness of Nicaragua’s Apparel Industry”, conducted by the prestigious consulting firm O’Rourke Group Partners. Here are the main reasons underlying the country’s success in the industry: