Sources state that “The idea is to continue as soon as possible. All the other Central American countries (Costa Rica, El Salvador, Guatemala, and Nicaragua) have been informed and they have agreed.
Univision.com published: “The European Commission (EC), which is the institution negotiating the agreement in the name of the EU, has recommended “to postpone” the negotiations. The talks have been suspended until next week based on the understanding that the negotiation process will continue, according to sources from the community.”
The Council of Ministers of Economic Integration of Central America has until November to ratify the tax refund mechanisms governing the import of European goods.
The entire Central American region must have the same system of tax refunds on Import Customs Duties (DAI) from August 1, 2015, as established by the Association Agreement (AA) between Central America and the European Union (EU).
The trade agreement between Guatemala and the European Union will enter into force provisionally on 1 December, authorities announced.
An article in Reuters reports that "Guatemalan exporters today welcomed the entry into force, on 1 December, of the trade pillar of the Association Agreement (AA) with the European Union (EU), a region with whom the country hopes to double product sales within five years."
In order to increase trade between both countries, the UK Embassy in El Salvador will hold an event about importing goods from Britain.
The purpose of the meeting is to encourage British entrepreneurs to invest in the Salvadoran market, said Ambassador Linda Cross. She also added to the media that a group of British businessmen together with representatives of the Salvadoran Agency for Investment Promotion and Attraction (Proesa) and the Chamber of Commerce and Industry of El Salvador are analyzing the implementation of a trade agreement to strengthen business relationships which will come about as a result of the new Association Agreement with the European Union.
Sales by Costa Rica to the EU have diversified because of the entry into force of the AACUE, but the value of exports has decreased and the trade balance is less favorable.
It is not only exports under the Association Agreement that have declined, going from $2,034 million in 2013 to $1,786 million in 2015, but the balance of trade surplus has also been decreasing as well.The surplus fell from $705 million in 2013 to $342 million in 2015, according to figures from PROCOMER.
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