http://www.laprensa.com.ni/archivo/2...a/194792.shtml
WalMart Shareholders meeting
During a Company meeting for the stockholders of WalMart, it was announced that they will import U$300 million dollars worth of merchandise from Central America in 2007, U$130 million dollars of which is coming from Nicaragua.
CEO of Wal-Mart Central America, Ignacio Pérez Lizar, confirmed that Nicaragua will become the principal seller of merchandise to WalMart in the isthmus of Central America.
Wal-Mart Store Inc. operates in more that 13 countries of 2 continents, with more than 6,779 stores and 1.9 million employees.
"The opportunities in the region are increasing especially due to DR-CAFTA", said Pérez Lizar.
DR-CAFTA, has allowed Nicaragua to export to the US WalMart since April 2006, with low or No taxes.
Nicaragua produces mostly textiles with the U$130 million. U$65 million will go to Honduras, and the rest of the isthmus millones de dólares and the rest of the money to the other countries.
The numbers for 2006 realized by Nicaragua were not mentioned but he said that the rhythm of increase has been impressive.
Wal-Mart presently has 400 stores in Central America, 40 of which are in Nicaragua: 5 "La Unión" Supermarkets and 35 "Palí" Supermarkets.
Carlos Uribe, Vice President of the Board of Directors of Wal-Mart Central America, indicated that they plan on opening 50 more new stores in Central America, similar to 2006, however they did not mention numbers per country.
These stores will create about 1,000 jobs directly, to be added to their current 24,000 employees in the region.
Ignacio Pérez Lizar, also said that today WalMart is one of the top 10 employers of the region.
The WalMart stores in Nicaragua, Guatemala, El Salvador, Honduras and Costa Rica, recieve approximately 6 million shoppers weekly.
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