Businessmen press for Panama's integration into SIECA

The Federation of Chambers of Commerce on the Central American Isthmus (FECAMCO) urged the governments of CA to carry out concrete negotiations for the integration of Panama into SIECA.

Monday, November 3, 2008


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The president of the entity, Costa Rican Carlos Federspiel, said to Acan-Efe that in the face of the financial crisis that started in the US "it is necessary to strengthen intra-Central American trade and for Panama to be integrated into the economic system of the region and other agreements such as the Agreement of Association with the EU."
FECAMCO also issued a release directed towards the region's governments requested that they defend and strengthen trade among the countries by "via the non-application of measure that limit any form of trading of products originating in Central America."

More on this topic

6% Increase in Regional Trade

November 2010

Regional trade grew 6% in the first 6 months of the year compared to the same period of 2009.

According to information from the Central American Economic Integration Department (SIECA), between January and June of this year, trade reached $ 2,844 million, $ 165 million higher than the same period of 2009.

Inter Regional Trade Down 17%

July 2009

Trade between Central American countries decreased 17% in the first third of 2009, when compared to the same period of 2008.

According to data from the Central American Economic Integration Secretary, exports between the countries of the region reached $1.74 billion, $356 million less than the first third of 2008 ($2.1 billion).

Intra Regional Trade Down 22%

October 2009

$900 million have been traded within Central America in the first half of this year, $261 million less than the same period of 2008.

The most affected sectors are construction, raw materials (chemical products), and industry (glass, plastics and metals), reported Luis Godoy, director of Agexport, the Guatemalan exporters association.

Trade growing within the Central American region

June 2008

By improving the movement of merchandise within Central America, the region will facilitate negotiations for a trade association agreement with the European Union.

Costa Rica's exports to its neighbors grew sharply in the first five months of the year. Sales to Panama rose by 37 percent, followed by Nicaragua with 20 percent and El Salvador with 18 percent.

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