Honduras-Mexico Trade Grows by 342% Because of TLC

In 2008, Honduras exported $255 million to Mexico and imported $459 million, for a total of $714 million.

Friday, March 20, 2009

The figure represents an increase of 342% when compared to the $161 million traded in 2000, the year before the signing of the Free Trade Agreement between both countries.

The Mexican consul in San Pedro Sula, Marco Antonio Blanco Garcia, told La Prensa of Honduras that in addition to trade, "a lot of Mexican capital has been invested in major cities, like San Pedro Sula and Tegucigalpa, where companies like Bimbo, Maseca, Telmex, Grupo Elektra, Banco Azteca, Credimax, Aeromexico, Satelites Mexicanos, Comex, TROPIGAS, Comunicación Vial of Central America and the TV signal distributors Televisa and Azteca operate."

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Optimism in Guatemala Over FTA with Mexico

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The current $550 million from the annual sales of Guatemalan products and services to Mexico could double with the entry into operation of the unified FTA between that country and the Central Americans.

Guatemalans are hoping that exports to the Aztec nation will double with the entry into force of the agreement which unifies the Mexican FTA's that were held separately with Costa Rica, Nicaragua and the CA-3.

Increased Trade Between Central America and Mexico

August 2013

In late 2012, one year after the signing of the new trade agreement, trade between Mexico and the region totaled $9.3 billion.

This information was released by the Mexican ambassador in San Salvador, Raul Lopez Lira. "On September 1 the Central American countries will celebrate the first anniversary of the unified treaty between Mexico and the region with a significant increase in trade ...", reported Laprensa.com.ni article.

Mexico Ratifies FTA with Central America

December 2011

The Mexican Senate has unanimously approved a Free Trade Agreement (FTA) with Central America.

The treaty provides a common legal framework for the conduct of trade in goods and services between the parties, as well as the establishment of investment in the region.

"The trade agreement signed on 22 November in El Salvador, states that in 2012 tariff elimination commitments must be adhered to and most of Mexico's trade with these countries will be free of taxes", reported EFE.

Central America and Mexico Sign Unified FTA

November 2011

Until now Mexico has had a separate bilateral treaty with Costa Rica, Nicaragua and the Northern Triangle consisting of El Salvador, Guatemala and Honduras.

The Unified Free Trade Agreement (FTA) will be signed today, November 22 in San Salvador, said El Salvador’s finance minister.

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