Central America and European Union to Create Financial Fund

In Brussels, it was decided to create a "financial mechanism" whose characteristics will begin to be defined "henceforth."

Friday, April 24, 2009

The negotiators also proposed a work schedule leading to the completion of the association agreement between Central America and the European Union in July. The next meeting will take place in Prague, on May 14, during the EU-Rio Group Summit."

According to the article in EcoDiario, at the Brussels meeting, the European Commission and the Central American countries - Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua - agreed, according to the communiqué, "to establish a bi-regional work group to discuss the creation of a financial mechanism for the development of Central America."

More on this topic

Nicaragua to Attend Meeting with EU in Brussels

April 2009

Following the announcement by the Europeans of their willingness to "listen carefully" to its requests, Nicaragua is going back to the Partnership Agreement process.

Nicaraguan negotiators had abandoned what was the seventh round of talks for the Association Agreement between Central America and the European Union because its proposal to create a 60 billion Euro common fund for economic and financial assistance had failed to be tabled for discussion.

CA-EU Negotiation to Resume in February

January 2010

The negotiations for an Association Agreement between Central America and the European Union will resume in February.

The next negotiation round is scheduled for "the end of February in Brussels", detailed Mendel Goldstein, ambassador for the European Commission for Central America.

European trade offer to be analyzed in July

June 2008

Central America hopes to achieve a new exchange of offers of access to the markets of the European Union in the second week of July.

The meeting will be held just before the third round of negotiations on a trade association between the two regions.
The Central American negotiating team will hold a coordination meeting in the first week of July, in preparation for its meeting in Brussels that starts on July 14.

Final Proofreading of Agreement with EU

August 2010

Central America is beginning the process of reviewing the final text of the agreement signed with the European Union last May.

The Trade Policy director of El Salvador's Economy Ministry, Carlos Moreno, commented that, "working groups will meet to discuss access, rules of origin and legal details in order to be able to start the process of reaching a final document for the Association Agreement with the EU," reports Prensalibre.com.

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