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Honduras Economy

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Honduras Economy
Honduras is the second poorest country in Latin America, with a GDP per capita of 2.5 thousand dollars. The Open Market is extremely important to Honduras’s economy; the value of exports and imports together is 109% of the GDP. The tax on imports and exports is 5.8 percent. The United States is Honduras’s largest economic partner. There are currently over 200 U.S. companies located in Honduras. However the investment climate is heavily affected by the high levels of crime, the poor education, and horrible judicial system. The Republic-Central America-United States Free Trade Agreement, otherwise known as the CAFTA-DR. Was created in order to increase trade and benefits for industries in Latin America. Honduras was one of
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