Honduras

• Basic Information
• Overview of the Market
• Business with India

More info at the website of Indian Embassy in Panama which deals with Honduras

http://www.indempan.org/

 

 

Overview of the Market

• Population - 7 million

• Honduras is the original Banana Republic, with its dependece on banana exports.

• It has relatively few natural resources and is prone to natural disasters.

• One of the poorest and least developed countries in Latin America .

• Other exports are coffee, meat, shrimp and fish.

• Honduras is one of the largest exporter of apparels, especially to USA.

 

Business with India

Bilateral Trade (US $ million)

	1999	2000	2001	2002	2003		2008	2009
Exports from India	12.72	15.29	11.62	21.65	11.99	-	56	95
Imports by India	0.00	0.06	0.34	0.08	0.00	-	3	2

 

 

• Principal items of India ’s exports chemicals, machinery, plastics, rubber products, textiles, pharmaceuticals, etc.

• 30 million $ Line of credit signed with Honduras

  The Agreement for the US $30 million Line of Credit (LOC) extended by India to Honduras was signed on 17 August 2006. The LOC is for purchase for transportation, telecommunication and healthcare equipment.For more info contact Eximbank of India

  This credit has been utilised by Honduras successfully.

  Honduras allows visa- free entry of Indian businessmen since 26 March 2009

  Honduras is the third country in Latin America after Ecuador and Costa Rica to allow Indian business visitors to enter without visa