Raul Trejo Esquivel, Deputy Minister of Economy, referring to such ratification, stated "is the legal basis to remove all restrictions on regional trade and strengthens the union process."
Prensalibre.com writes, "this ratification means that if a third country cargo enters one of the ports in Guatemala and is destined for another Central American country, the fees will be paid in the country and the cargo will be free to transit across Central America."
The World Customs Organization and SIECA will sign an agreement to support Central America in harmonizing and standardizing custom procedures.
Currently, Central America has 96% of its tariff code harmonized, and the remaining 4% will be discussed over the next two years. A unique, harmonized tariff code should be ready by 2012, when the Association Agreement with the European Union is expected to come into effect.
The first round of negotiations of the Second Semester of Customs Union ended last August 24 in Nicaragua having made significant progress.
From Diario de Central America:
The technical negotiators have concluded revision of the Central American Technical Regulation (RTCA) for labeling of distilled spirits and registration requirements for microbial pesticides for agricultural use, which have been passed on for resolution by the Council of Ministers of Economic Integration (Comieco). Negotiations will continue for the rest of subgroups via videoconferences and the necessary consultations made with stakeholders in each case.
There are too many entities in the field of integration and they do not seem to be working with the speed they should.
The President of FECAMCO (Federation of Chambers of Commerce of Central America), Mario Gonzalez, believes that together with the customs union, key to boosting development in the region, there are other factors to consider, such as legal certainty, investment in technical education and physical security of persons and property. "...to an investor it is not not attractive to come and invest in a single country, but coming to invest in a region with 40 million inhabitants is extremely attractive."
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ATS El Salvador is a Customs Agency with 26 years of providing services for imports, exports, transits, consultancies and international transport.
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