CWR > Volume 2(1); 2016 > Correspondence
Research Paper
Published online: March 1, 2016
DOI: http://dx.doi.org/10.14330/cwr.2016.2.1.06
HKND and the Canal de Nicaragua
Yeonju Jo
Latin American attaché of the Korea Importers Association
Luisa F. Reyes
Monterrey Institute of Technology and Higher Education
KOIMA B/D 5F, 169Bangbae-ro, Seocho-gu, Seoul 06573 Korea
Corresponding Author: yjjo@hotmail.com
ⓒ Copyright YIJUN Institute of International Law. This is an Open Access article distributed under the terms of the Creative Commons Attribution Non-Commercial License (http://creativecommons.org/licenses/by-nc/3.0/) which permits unrestricted non-commercial use, distribution, and reproduction in any medium, provided the original work is properly cited.
Abstract
Recently, the Foreign Direct Investment ("FDI") inflows into Nicaragua have begun to rise. In 2015, the FDI volume marks about six percent of GDP. In 2013, Nicaragua attracted USD 1.5 billion of FDI, a 17 percent increase from 2012, reaching the highest level in seven years. Nicaragua, however, has several weaknesses in attracting foreign investment, such as lack of data and information on local institutions and bureaucratic court system. In order to improve her foreign investment environment, Nicaragua is especially expected to further develop local infrastructure systems such like a pipeline connecting the opposite coasts, railways, free trade zones, deep water ports, and a new international airport. Another noticeable project is the Grand Canal being financed by Chinese investors.
Keywords : Canel de Nicaragua, Chinese Investment, HKND, Wang Jing, Law 800
