El Salvador Seeking New Trade Agreements

One of the government's goals in commercial policy is to sign free trade agreements with Brazil, Venezuela, Cuba and the Caribbean.

Wednesday, July 22, 2009


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Besides exploring new markets, El Salvador's new commercial policy aims to increase trade with the Central American region, the country's main export destination.

"Among the places they intend to explore commercially is Cuba, with whom El Salvador didn't had diplomatic relations until this year", wrote Lourdes Quintanilla in an article in Laprensagrafica.com. "There is also Brazil, a destination that has been considered for a long time. Also Venezuela, who has shown interest in our agricultural products...".



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Manuel Hinds analyzed El Salvador’s economy and exports, and his findings can be applied to the entire region. Costa Rica has already started the essential road to diversify its exports markets by closing Free Trade Agreements with China and Singapore.

Trade Between Cuba and Nicaragua

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The private sector and the governments of both countries have started talks to put into place the partial agreement which came into force in November 2014.

A Cuban delegation composed of 9 representatives from the government and entrepreneurs from the private sector will be visiting Managua with the aim of coordinating with the Nicaraguan government implementation of the agreement, which establishes the possibility of achieving up to 100% of tariff exemptions on some products.

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The main Panamanian products that will benefit from the agreement are dairy, beef and pork, smoked fish fillet with and some vegetables with seasonal preferential access.

From a statement issued by the National Assembly of Panama:

Ratification has been given by the National Assembly, of the trade agreement between Panama and Trinidad and Tobago, after its third reading, in order to expand and consolidate access of Panamanian agricultural and industrial products to the Caribbean.

Behind Big Colombian Investors Come SMEs

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Colombian SMEs see an opportunity to position themselves in Central America, alongside the corporations from that country that have already landed in the region.

Examples are Sirius and Cosméticos Bachué, two companies out of the nearly 200 SMEs interested in finding a place for their products in Central America and the Caribbean.

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