Trade Border Closed Honduras

The governments of Guatemala, Nicaragua and El Salvador are closing their trade borders with Honduras for 48 hours.

Tuesday, June 30, 2009

The Guatemalan export sector expressed its worries about the commercial impact of the decision. Honduras is the fifth largest trade partner after the United States, El Salvador, Mexico and China, with trade worth $3 million each day.

Reporter Lorena Álvarez writes in “Carlos Amador Flueder, vice-president of the Coordinating Committee of the Farm, Commercial, Industrial, and Financial Associations (Cacif, acronym in Spanish), said that…A political crisis won’t be resolved through commercial measures, he added. The Chamber of Agriculture (Camagro, acronym in Spanish) said that it is worried about the commercial impact of the presidential decision. Trade between Guatemala and Honduras includes agricultural and related products which risks food security for Hondurans, they indicated.”

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Financial Support for Honduras-Guatemala Customs Union

February 2016

The Central American Bank for Economic Integration has announced that this month it will deliver 55% of the funds required to implement the customs union between the two countries.

The funds pending for the implementation of the Customs Union between Guatemala and Honduras are being managed by the Central American Bank for Economic Integration (BCIE) for a total of $1.5 million for delivery in February.

Honduras – Guatemala Border Reopens

July 2009

David Cristiani, Guatemalan vice-minister of economy, said that there are no plans to extend the border closing beyond the 48 hour term.

The regional business sector, represented by the Federation of Private Business in Central America, the Dominican Republic, and Panama (FEDEPRICAP, acronym in Spanish), has appealed to the governments of Nicaragua, Guatemala, and El Salvador to lift the embargo, insisting that it violates the principles of free transport of goods as established in trade and integration agreements.

Honduran and Salvadoran Business Leaders Meet

July 2009

The Salvadorian National Association of Private Companies received its Honduran counterpart, Cohep, to analyze the commercial situation.

The Honduran Private Business Council (Cohep, acronym in Spanish) will provide a presentation about the situation that Honduras is going through and the impact it is having on the business sector with losses in the millions.

Regional Business Sector Rejects Trade Block

June 2009

The regional business sector rejected SICA’s decision to block trade with Honduras because it would affect all the economies of the region.

The closing of Honduras’ borders to trade is rejected by the Central American Federation of Agricultural and Agro-Industrial Chambers because it restricts the freedoms of companies, industry, and commerce.

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