New Textile Units Promote Employment In Honduras.
Honduras of Central America
Approval
The establishment of a new textile unit can generate thousands of job opportunities in the north of Honduras on the basis of the US Mexico joint venture.
According to the US Mexico joint venture, it is sometimes called
Exit
Processing method, arrange manufacturer's import, assemble duty free fittings for export.
Factory owners take advantage of low labor costs and only paying VAT.
According to the arrangement, Honduras is expected to establish at least 350 new textile and plastic manufacturing plants.
Those interested in establishing manufacturing assembly bases in Honduras will be notified of national laws, including the best minimum wage and existing employer and government agreements.
Promoting Honduras as a hit investment destination.
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It is expected not only to generate employment, but also to consolidate the national economy.
Industrial analysts say high electricity costs in other Central American countries will help Honduras attract investment.
There are 1 million 800 thousand unemployed workers in Honduras, according to official figures.
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