EU trade agreement could be delayed
Negotiations with the European Union on an Association Agreement might be delayed longer than expected. It might take until the end of 2009, and the accord might not go into effect until 2014.
Wednesday, July 23, 2008
Enrique Lacs, former economic minister of the economy for Guatemala and former negotiator of the trade agreements made between Guatemala and the United States and Mexico, says he thinks the negotiations will take more time while aspects of policies, cooperation and market access are hammered out.
The European Union might be willing to apply trade concessions to Central America under the enhanced Generalized System of Preferences (GSP-Plus), giving the region the equivalent of most-favored nation status. The possibility arose during talks between the two blocs.
Some countries abandoned the last negotiation round, as Europe maintains its ground despite Central American pressure.
The country has fulfilled the last requirement which was pending, the registration of geographical indications, meaning that the Association Agreement could come into force in November.
The problematic attempts by the European Union to reach trade agreements with Mercosur and CAN are bad precedents.
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