SUPPORT ALTERNATIVES
Honduras is well endowed with agricultural land, forests and marine resources. Its territory of about 11.2 million hectares is covered mostly by forested mountains. Arable land is estimated at 1.8 million hectares and pastures extend to more than 2.5 million hectares (World Bank, 2001).
Honduras is the second country in the region in terms of arable land relative to its population, with about 0.19 ha per capita.
Fuente: Programa Honduras 20/20
It has productive fishing areas in both oceans and coastal resources that have made Honduras the largest exporter of shrimp in Central America.
Honduras has a high productive potential in agriculture, access to water and roads in the main centers of agricultural development.
The tropical climate allows agricultural production throughout the year of many items including tilapia, shrimp, sugar, cocoa, coffee, bananas, melons and a variety of other fruits, vegetables, milk and dairy products.
The north coast has a very fertile soil, with a tropical climate that is very suitable for bananas, sugar cane, palm oil and tropical fruits.
In addition, the southern region has a tropical climate with recurring periods of drought, and is oriented towards the production of sugarcane, sorghum, melons, cattle and farmed shrimp.
Central highlands regions are more temperate climate and adequate to produce coffee, timber, grain and livestock.
AGROMAPS
Fuente: SAG, http://geoportal.infoagro.hn/
AGROMAPS
The Ministry of Agriculture and Livestock, through the Information Service Agroalimentaria- INFOAGRO, who is managed by theHonduran Agricultural Research Foundation - FHIA; It presents a set of interactive maps in order to give users access to a range of resources and based on geographic information production of food industry in Honduras services.
In this portal you can find basic mapping:
- Agrifood chains
- Irrigation Districts
- Livestock Sector(Production area of bovine, aquaculture, apiculture, pig and poultry)
- MOSCAMED project (Mediterranean fruit fly free zone)
BENEFITS AND ADVANTAGES
In 2016, the agricultural and livestock sector generated L 60.062 million (Just for primary production), representing 12% of total GDP. However, this sector employs almost 40% of the workforce and has incredible growth potential.
COMPETITIVENESS AND STANDARDIZATION
This year we decided to allow a favorable environment for business development in Honduras and raise the overall competitiveness of the country. To achieve this goal, it was necessary that two institutions be decentralized and all activities submit to a process of simplification.
That is why the National Health Service and Agri-Food Security (http://www.senasa.gob.hn/) Decentralized the Ministry of Agriculture and the Ministry of Health achieved milestones when creating the Decentralized Regulatory Agency Health. (https://arsa.gob.hn) Respectively.
Both organizations have a central role as regulators to ensure the competitiveness of all industries of food, feed and agricultural supplies organisms.
HUMAN RESOURCES
Source: https://presencia.unah.edu.hn
The human capital development focuses on improving training and recovery of talent in the country to meet the human capital needs, while allowing workers to obtain jobs with higher incomes through programs of capacity building and appropriate legislation.
Factors such as low land costs; competitive salaries; geographical proximity to the main importer of agricultural products in the world; and duty-free access for the entry of fresh fruits and vegetables to different markets with different signed FTAs with different countries, Honduras is an ideal place for investment and trade in agrobusiness place.
It has been estimated potential growth of 6.1% annually from 2018, assuming initiatives for the agribusiness sector and public-private partnerships proposals have been made. Detailed plans are being allocated as key performance indicators (KPI) to relevant government agencies leading implementation, working in collaboration with other stakeholders to ensure success.
LEGAL FRAMEWORK
- Agrarian Reform Law
- Law modernizing the agricultural sector
- Forestry and protected areas.
SOCIAL HOUSING
Nearly 6,300 families have benefited from a housing program implemented under the development plan Honduras 2020.
Intermedia industry and textile manufacturing Manufacturing is one of the main generators of export and employment of Honduras and comprise nearly 260 companies operating in 16 industrial parks.
One goal is to build 50,000 affordable housing in sustainable communities by 2020 through improved policies, access to finance and urban planning.
To date, they have delivered about 6,300 households, and workers receive grants of up to US $ 3,800 to pay a fee for affordable homes costing $ 25,000 or less.
By providing decent and affordable housing in gated communities previously reserved for Honduran middle and upper class, and place it adjacent to workplaces, help workers to invest in their future, spend more time with their families and get a greater satisfaction from their work.
Projects are built in gated communities including recreational areas, parks and schools, developments also include basic services such as potable water, electricity, sewage, paved roads and security, sports facilities, and easy access to public transportation.
BENEFITS AND ADVANTAGES
Source: Convivienda, social house scheme
the National Commission on Housing and Human Settlements was established (www.convivienda.gob.hn) In order to create and articulate the National Housing Program, in order to solve in a general context the major social problems facing the population the issue of social housing, which is an issue of urgent need to solve using human and financial resources.
FINANCING
They have created four funding programs stratified by socio-economic conditions of the beneficiary population and a system of incentives for companies developing social housing projects.
FEATURES
Honduras is the new destination for business process outsourcing services and information technology (BPO / ITO), currently with the presence of important key players in the call center industry. This sector was identified as one of the fastest growing (6%), since it has the key components for this type of investment to promote the country as the new power in Central America.
The BPO activity is concentrated in the two main cities, Tegucigalpa and San Pedro Sula. 95% of these companies serve the US market and the remaining 5% serving Canada and others countries.
COMPETITIVE ADVANTAGES
1. Human Resources
63.6% of the Honduran population is under 29 years, representing 78.7% of the population within the working range.
Fuente: https://www.cia.gov
BPOs requires human talent trained and bilingual. In Honduras, at least ten thousand young bilingual professionals graduate each year from 851 schools ready to enter the labor market in fluent in English as a second language. (Ministry of Education).
Another important aspect is the labor cost. Honduras has one of the most attractive costs in Central America. These competitive labor costs were obtained thanks to the synergy established between the governmental structure and the private sector.
-
Infraestructure
Foto de Altia Busines Park
In terms of infrastructure, Honduras meets all the specific requirements for the development of the sector. An industrial park with buildings of "Class A", dedicated to the development of BPO was built.
A combination of environments where they are now major companies such as Concentrix, Startek, Alorica among others. In 2017, they have already begun construction of additional projects to expand the supply infrastructure in Tegucigalpa and San Pedro Sula.
World class infrastructure available at competitive costs. Rent starts at around US $ 18 per square meter, electricity costs are US $ 0.16 Kw / H, water from US $ 0.70 per cubic meter and US $ 2337 Internet for 100MB.
-
Conectivity
The country's connectivity is maintained via the Internet through undersea cables Maya 1 and ARCOS-1 as part of the Access Point (NAP) of the Americas. In addition, Honduras has an ideal geographical location with a convenient time zone for the United States.
LEGAL FRAMEWORK
- Law on the Promotion and Protection of Investments
- Laws for the creation of employment and development areas.
- Hourly labor law
- Zone Law
- Law on foreign exchange earnings from exports.
- Law for the Promotion of call centers and BPO.
Located in the heart of America, Honduras has one of the most diverse tourist offers in Central America, including archeological treasures, beaches, colonial cities, mountains, forests and unique biodiversity. From the ruins of Copan, a park was declared a World Heritage Site by Unesco, which houses the culture of the Maya civilization, to the mysterious discovery of Ciudad Blanca, hidden in the Honduran Mosquitia space dating back thousands of years , Honduras has a unique ancestral legacy.
Source: Visit Honduras / Youtube
FEATURES
Currently there a segmentation for strategy attractions of the country in 4 Districts:
- La Joya de los Lagos: Lake Yojoa, Pulhapanzak Falls, the caves of Taulabé, Cerro Azul Meámbar National Park, Eco Archaeological Park Los Naranjos, the Mountain National Park Santa Barbara and Francisco Morazán hydroelectric dam, known as El Cajon.
- The Sun Route: This route promotes culture, gastronomy and tourism Ojojona, Santa Ana, San Buenaventura, Sabanagrande, Pespire, El Jicaro and San Lorenzo
- Route Lencan-Maya: La Paz, Guajiquiro and Marcala in La Paz; Intibucá, La Esperanza, and San Juan Yamaranguila in Intibucá; Gracias and La Campa, Lempira and Santa Rosa de Copan and Copan Dulce Nombre, Copan
- Dolphin Route: La Ceiba to Guanaja and Utila, then end in Trujillo.
ADVANTAGES
· FINANCING
The Inter-American Development Bank approved the creation of the Tourism Investment Fund, totaling $ 1,500 million. This will provide preferential and more favorable conditions in terms of interest rates, the mix of resources which will provide long-term loans.
The funds will go to investment projects, ranging from small to large hotels in enabling infrastructure.
· LEGAL FRAMEWORK
-
- Law on the Promotion and Protection of Investments
- Tourism Promotion Act
- National Plan 2038
- Industry Profile
FEATURES
Honduras is a textiles and clothing leader in Latin America. Honduran talent, whose ability, dedication and high standards of excellence are one of the many reasons why the leading textile companies in the world choose and trust Honduras as the fate of more profitable and competitive investment in the region.
FACTORIES TEXTILES
50 years ago, the Government of Honduras developed the "Zona Franca Act" which gave the right incentives to achieve attracting foreign investment. Investors improve their performance margins decreasing costs due to a highly productive workforce. Thanks to this legislation much of the country enjoys investment of textiles and clothing.
Video Source: Asociación Hondureña de Maquiladores, AHM
COMPETITIVE ADVANTAGES:
- Puerto Cortés is the largest and safest port in Central America, certified under the "Container Security Initiative", which achieves a highly effective export.
- WRAP, Worldwide Responsible Accredited Production, Honduras located in second place in social compliance in Latin America and the first in Central America.
- Honduras has 18 industrial parks with a construction area of more than 1.8 million square meters available for the development of this industry.
The infrastructure of the textile and clothing has exceptional conditions for investment and expansion opportunities. In addition to the logistical advantages offered by airports, ports, highways, telephones, water supply and electricity, customs procedures, low labor costs, machinery and logistics.
INNOVATIONS AND INVESTMENT
Source: Textilespanamericanos.com
As a result of the competitive advantages of the country for this industry, it is expected that a recent investment of US $ 78 million in synthetic yarn plant produces 20,000 tons annually.
The textile and garment industry has the production capacity of renewable energy such as biomass and photovoltaic, technologies and wastewater management that allow high productivity in a sustainable manner.
LEGAL FRAMEWORK
The country has a stable legal framework that guarantees the principle of free enterprise and production incentives. In addition, many free trade agreements add value to productivity and marketing processes that provide access to various international markets, raising levels of global competitiveness.
- Law on the Promotion and Protection of Investments
- Laws for the creation of employment and development areas.
- Hourly labor law
- Law for the production and consumption of biofuels.
- Law promoting electricity generation from renewable resources.
- Laws protecting intellectual property.
- Zone Law
- Investment promotion law.
- Law on foreign exchange earnings from exports.
Honduras is projected to become the most dynamic for the automotive industry in Latin America platform manufacturing automotive parts.
LEAR NACO HONDURAS Continuos improvement international Level Award.
Light manufacturing is one of the priority sectors. It has a high growth potential according to studies of internal, regional and global economy, which puts Honduras as the most attractive competitor in processing costs, including energy, logistics, services and labor, as well as manufacturing products high-performance global quality standards.
We are currently the third largest exporter of auto parts to the United States from Latin America, with cable harnesses and some interior parts are mainly exported.
Light Manufacturing production accounts for 9% of total exports. At least US $ 646 million was obtained in 2016, however, the potential of this industry could generate up to US $ 3,600 million
These projections are estimated if the proposed initiatives for the Middle Manufacturing sector are met. The vision of placing Honduras as the most dynamic cluster in the region, through the consolidation of the investment strategy of the country focused on the diversification of products, including brakes, interior, body parts, seat parts, fuse boxes , among others. .
The ultimate goal is to be highly competitive in cost, quality and innovation, facilitating investment and becoming the preferred automotive supplier industry in the region.
Minerals are very important for its multiple applications, modern industry depends directly or indirectly on the minerals; from different types of quartz and silicate glass it occurs. Nitrates and phosphates are used as agricultural fertilizer.
Source: INHGEOMIN, Achivements report 2018
Certain materials, such as gypsum, sand and gravel are used in construction. Minerals that fall into the category of precious or semiprecious stones such as diamonds, topaz, rubies, are used for making jewelry.
The study on the relationship of mineral deposits Honduras with its regional geological environment.
Source: https://www.ascendantresources.com
EL INHGEOMIN
THE INHGEOMIN by the Research Unit is to collect project information and have geologically mining, same that is available to the general public, thereby effecting periodicals where interested parties can access the information in the institution.
EXPORT FIGURES
Honduras mining exports totaled 156.9 million dollars in the third quarter of this year (2018), 23.2 percent more than reported in the same period of 2017, driven by sales of zinc and lead.
The gold exported 76.6 million dollars, the country exported 50.2 million in zinc, also sold 11.7 million in lead, also exported 30 million in other minerals in the first 10 months 2018.
LAWS
- General Mining Law
- General Environmental Law
- Municipalities Act
- Administrative Procedure Act
- Property Law
- Administrative Simplification Act
- Law SINAGER
- Law of Transparency and Access to Public Information
Honduras is well endowed with agricultural land, forests and marine resources. Its territory of about 11.2 million hectares is covered mostly by forested mountains. Arable land is estimated at 1.8 million hectares and pastures extend to more than 2.5 million hectares (World Bank, 2001).
Honduras is the second country in the region in terms of arable land relative to its population, with about 0.19 ha per capita.
Fuente: Programa Honduras 20/20
It has productive fishing areas in both oceans and coastal resources that have made Honduras the largest exporter of shrimp in Central America.
Honduras has a high productive potential in agriculture, access to water and roads in the main centers of agricultural development.
The tropical climate allows agricultural production throughout the year of many items including tilapia, shrimp, sugar, cocoa, coffee, bananas, melons and a variety of other fruits, vegetables, milk and dairy products.
The north coast has a very fertile soil, with a tropical climate that is very suitable for bananas, sugar cane, palm oil and tropical fruits.
In addition, the southern region has a tropical climate with recurring periods of drought, and is oriented towards the production of sugarcane, sorghum, melons, cattle and farmed shrimp.
Central highlands regions are more temperate climate and adequate to produce coffee, timber, grain and livestock.
AGROMAPS
Fuente: SAG, http://geoportal.infoagro.hn/
AGROMAPS
The Ministry of Agriculture and Livestock, through the Information Service Agroalimentaria- INFOAGRO, who is managed by theHonduran Agricultural Research Foundation - FHIA; It presents a set of interactive maps in order to give users access to a range of resources and based on geographic information production of food industry in Honduras services.
In this portal you can find basic mapping:
- Agrifood chains
- Irrigation Districts
- Livestock Sector(Production area of bovine, aquaculture, apiculture, pig and poultry)
- MOSCAMED project (Mediterranean fruit fly free zone)
BENEFITS AND ADVANTAGES
In 2016, the agricultural and livestock sector generated L 60.062 million (Just for primary production), representing 12% of total GDP. However, this sector employs almost 40% of the workforce and has incredible growth potential.
COMPETITIVENESS AND STANDARDIZATION
This year we decided to allow a favorable environment for business development in Honduras and raise the overall competitiveness of the country. To achieve this goal, it was necessary that two institutions be decentralized and all activities submit to a process of simplification.
That is why the National Health Service and Agri-Food Security (http://www.senasa.gob.hn/) Decentralized the Ministry of Agriculture and the Ministry of Health achieved milestones when creating the Decentralized Regulatory Agency Health. (https://arsa.gob.hn) Respectively.
Both organizations have a central role as regulators to ensure the competitiveness of all industries of food, feed and agricultural supplies organisms.
HUMAN RESOURCES
Source: https://presencia.unah.edu.hn
The human capital development focuses on improving training and recovery of talent in the country to meet the human capital needs, while allowing workers to obtain jobs with higher incomes through programs of capacity building and appropriate legislation.
Factors such as low land costs; competitive salaries; geographical proximity to the main importer of agricultural products in the world; and duty-free access for the entry of fresh fruits and vegetables to different markets with different signed FTAs with different countries, Honduras is an ideal place for investment and trade in agrobusiness place.
It has been estimated potential growth of 6.1% annually from 2018, assuming initiatives for the agribusiness sector and public-private partnerships proposals have been made. Detailed plans are being allocated as key performance indicators (KPI) to relevant government agencies leading implementation, working in collaboration with other stakeholders to ensure success.
LEGAL FRAMEWORK
- Agrarian Reform Law
- Law modernizing the agricultural sector
- Forestry and protected areas.
SOCIAL HOUSING
Nearly 6,300 families have benefited from a housing program implemented under the development plan Honduras 2020.
Intermedia industry and textile manufacturing Manufacturing is one of the main generators of export and employment of Honduras and comprise nearly 260 companies operating in 16 industrial parks.
One goal is to build 50,000 affordable housing in sustainable communities by 2020 through improved policies, access to finance and urban planning.
To date, they have delivered about 6,300 households, and workers receive grants of up to US $ 3,800 to pay a fee for affordable homes costing $ 25,000 or less.
By providing decent and affordable housing in gated communities previously reserved for Honduran middle and upper class, and place it adjacent to workplaces, help workers to invest in their future, spend more time with their families and get a greater satisfaction from their work.
Projects are built in gated communities including recreational areas, parks and schools, developments also include basic services such as potable water, electricity, sewage, paved roads and security, sports facilities, and easy access to public transportation.
BENEFITS AND ADVANTAGES
Source: Convivienda, social house scheme
the National Commission on Housing and Human Settlements was established (www.convivienda.gob.hn) In order to create and articulate the National Housing Program, in order to solve in a general context the major social problems facing the population the issue of social housing, which is an issue of urgent need to solve using human and financial resources.
FINANCING
They have created four funding programs stratified by socio-economic conditions of the beneficiary population and a system of incentives for companies developing social housing projects.
FEATURES
Honduras is the new destination for business process outsourcing services and information technology (BPO / ITO), currently with the presence of important key players in the call center industry. This sector was identified as one of the fastest growing (6%), since it has the key components for this type of investment to promote the country as the new power in Central America.
The BPO activity is concentrated in the two main cities, Tegucigalpa and San Pedro Sula. 95% of these companies serve the US market and the remaining 5% serving Canada and others countries.
COMPETITIVE ADVANTAGES
1. Human Resources
63.6% of the Honduran population is under 29 years, representing 78.7% of the population within the working range.
Fuente: https://www.cia.gov
BPOs requires human talent trained and bilingual. In Honduras, at least ten thousand young bilingual professionals graduate each year from 851 schools ready to enter the labor market in fluent in English as a second language. (Ministry of Education).
Another important aspect is the labor cost. Honduras has one of the most attractive costs in Central America. These competitive labor costs were obtained thanks to the synergy established between the governmental structure and the private sector.
-
Infraestructure
Foto de Altia Busines Park
In terms of infrastructure, Honduras meets all the specific requirements for the development of the sector. An industrial park with buildings of "Class A", dedicated to the development of BPO was built.
A combination of environments where they are now major companies such as Concentrix, Startek, Alorica among others. In 2017, they have already begun construction of additional projects to expand the supply infrastructure in Tegucigalpa and San Pedro Sula.
World class infrastructure available at competitive costs. Rent starts at around US $ 18 per square meter, electricity costs are US $ 0.16 Kw / H, water from US $ 0.70 per cubic meter and US $ 2337 Internet for 100MB.
-
Conectivity
The country's connectivity is maintained via the Internet through undersea cables Maya 1 and ARCOS-1 as part of the Access Point (NAP) of the Americas. In addition, Honduras has an ideal geographical location with a convenient time zone for the United States.
LEGAL FRAMEWORK
- Law on the Promotion and Protection of Investments
- Laws for the creation of employment and development areas.
- Hourly labor law
- Zone Law
- Law on foreign exchange earnings from exports.
- Law for the Promotion of call centers and BPO.
Located in the heart of America, Honduras has one of the most diverse tourist offers in Central America, including archeological treasures, beaches, colonial cities, mountains, forests and unique biodiversity. From the ruins of Copan, a park was declared a World Heritage Site by Unesco, which houses the culture of the Maya civilization, to the mysterious discovery of Ciudad Blanca, hidden in the Honduran Mosquitia space dating back thousands of years , Honduras has a unique ancestral legacy.
Source: Visit Honduras / Youtube
FEATURES
Currently there a segmentation for strategy attractions of the country in 4 Districts:
- La Joya de los Lagos: Lake Yojoa, Pulhapanzak Falls, the caves of Taulabé, Cerro Azul Meámbar National Park, Eco Archaeological Park Los Naranjos, the Mountain National Park Santa Barbara and Francisco Morazán hydroelectric dam, known as El Cajon.
- The Sun Route: This route promotes culture, gastronomy and tourism Ojojona, Santa Ana, San Buenaventura, Sabanagrande, Pespire, El Jicaro and San Lorenzo
- Route Lencan-Maya: La Paz, Guajiquiro and Marcala in La Paz; Intibucá, La Esperanza, and San Juan Yamaranguila in Intibucá; Gracias and La Campa, Lempira and Santa Rosa de Copan and Copan Dulce Nombre, Copan
- Dolphin Route: La Ceiba to Guanaja and Utila, then end in Trujillo.
ADVANTAGES
· FINANCING
The Inter-American Development Bank approved the creation of the Tourism Investment Fund, totaling $ 1,500 million. This will provide preferential and more favorable conditions in terms of interest rates, the mix of resources which will provide long-term loans.
The funds will go to investment projects, ranging from small to large hotels in enabling infrastructure.
· LEGAL FRAMEWORK
-
- Law on the Promotion and Protection of Investments
- Tourism Promotion Act
- National Plan 2038
- Industry Profile
FEATURES
Honduras is a textiles and clothing leader in Latin America. Honduran talent, whose ability, dedication and high standards of excellence are one of the many reasons why the leading textile companies in the world choose and trust Honduras as the fate of more profitable and competitive investment in the region.
FACTORIES TEXTILES
50 years ago, the Government of Honduras developed the "Zona Franca Act" which gave the right incentives to achieve attracting foreign investment. Investors improve their performance margins decreasing costs due to a highly productive workforce. Thanks to this legislation much of the country enjoys investment of textiles and clothing.
Video Source: Asociación Hondureña de Maquiladores, AHM
COMPETITIVE ADVANTAGES:
- Puerto Cortés is the largest and safest port in Central America, certified under the "Container Security Initiative", which achieves a highly effective export.
- WRAP, Worldwide Responsible Accredited Production, Honduras located in second place in social compliance in Latin America and the first in Central America.
- Honduras has 18 industrial parks with a construction area of more than 1.8 million square meters available for the development of this industry.
The infrastructure of the textile and clothing has exceptional conditions for investment and expansion opportunities. In addition to the logistical advantages offered by airports, ports, highways, telephones, water supply and electricity, customs procedures, low labor costs, machinery and logistics.
INNOVATIONS AND INVESTMENT
Source: Textilespanamericanos.com
As a result of the competitive advantages of the country for this industry, it is expected that a recent investment of US $ 78 million in synthetic yarn plant produces 20,000 tons annually.
The textile and garment industry has the production capacity of renewable energy such as biomass and photovoltaic, technologies and wastewater management that allow high productivity in a sustainable manner.
LEGAL FRAMEWORK
The country has a stable legal framework that guarantees the principle of free enterprise and production incentives. In addition, many free trade agreements add value to productivity and marketing processes that provide access to various international markets, raising levels of global competitiveness.
- Law on the Promotion and Protection of Investments
- Laws for the creation of employment and development areas.
- Hourly labor law
- Law for the production and consumption of biofuels.
- Law promoting electricity generation from renewable resources.
- Laws protecting intellectual property.
- Zone Law
- Investment promotion law.
- Law on foreign exchange earnings from exports.