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
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."
Regional trade grew 6% in the first 6 months of the year compared to the same period of 2009.
Trade between Central American countries decreased 17% in the first third of 2009, when compared to the same period of 2008.
$900 million have been traded within Central America in the first half of this year, $261 million less than the same period of 2008.
By improving the movement of merchandise within Central America, the region will facilitate negotiations for a trade association agreement with the European Union.
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