Honduras, in the north-central part of Central America, has a Caribbean as well as a Pacific coastline. Generally mountainous, fertile plateaus, river valleys and narrow coastal plains mark the country. With 112,090 square kilometers and an estimated population of 8,296,693. Honduras has a GDP per capita of about USD4,400 (2011 est.). The labor force in the country is around 3.461 million (2011 est.), and unemployment is 4.8% (2011 est.). The population below poverty line is 60%. The traditional exports have been coffee and bananas, but diversification over the last 20 years has included nontraditional exports such as shrimp, tilapia, lobster, melons, citrus, corn, African palm, timber, palm oil, lumber, gold and wood. Tourism and generation of clean energy are growing industries. Honduras also has extensive forest, marine and mineral resources.

There are four main ports and terminals, strategically located in the Pacific and Atlantic Ocean, which make Honduras attractive for export/import of products and services. These ports and terminals are: La Ceiba, Puerto Cortés and Tela (Atlantic Ocean) and San Lorenzo (Pacific Ocean). Puerto Cortés is the largest port, handling the majority of the international trade, and is certified with Container Security Initiative (CSI), making it a secure port and one of the three in Latin America that holds this certificate.

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Topics:  Acquisitions, Clean Energy, Cross-Border Transactions, Energy, Foreign Investment, Free Trade Zone, Land Owners, Latin America, Public-Private Partnerships, Tourists, Trade Agreements

Published In: Business Organization Updates, General Business Updates, Finance & Banking Updates, International Trade Updates, Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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