Honduras and Taiwan ratify free trade accord
Honduras and Taiwan ratified a free trade agreement that was signed just over a year ago and also includes El Salvador.
Wednesday, July 16, 2008
The FTA is due to come into force within 30 days of ratification. The Honduran embassy said the accord aims to "eliminate barriers to trade and promote fair competition."
A trade mission composed of representatives from 22 companies in different industries met with Salvadoran businesspeople.
EXPORTA attributes the increase to the free trade agreement with the island, which has been in effect for 7 months as yesterday.
Seven years after diplomatic ties broke, Costa Rica is Taiwan's main trading partner in the region, with $644 million traded in 2013.
Honduras, Guatemala and El Salvador present Mexico with the proposal regarding rules of origin that will unite the FTA's that those countries have with Mexico into a single bilateral agreement.
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