EU-Central American trade talks enter fourth round
The European Union and the Central American nations today began their fourth round of negotiations aimed at reaching an agreement of association and free trade in 2009.
Monday, July 14, 2008
The EU and Central America have had an association agreement since 2003, but over the past year they have started talks aimed at deepening the relationship and setting up a free trade accord.
Central America will ask the European Union for a proposal to set up an Economic Fund of Financial Credit during the fourth round of negotiations to establish a trade association.
The European Union expects Central America to phase out tariffs on 90 percent of its products under a proposed free trade agreement between the two regions.
EU countries have decided to temporarily suspend negotiations to reach an association agreement with Central America.
The problematic attempts by the European Union to reach trade agreements with Mercosur and CAN are bad precedents.
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