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In recent years the Honduran economy has enjoyed a higher average growth rate than all other Central American jurisdictions, except for Panama. The country has made efforts to diversify its industrial base, invest in human capital and improve the business environment – all of which has contributed to a steady rise in IP activity. The legal market features a mix of boutiques and commercial firms, nearly all of which handle trademark matters not just in Honduras, but throughout the region; the best are recognised in the *WTR 1000*.
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