Nicaragua Joins Central American Customs Union
Next Friday Nicaragua will join the Customs Union, whose current members are El Salvador, Guatemala and Honduras.
Wednesday, September 2, 2009
Haroldo Rodas, Guatemalan Chancellor, remarked that Nicaragua's adhesion to the Union will foster trade between the countries of the region, and improve the environment for negotiating the Association Agreement with the European Union.
The agreement allows the free movement of some 6,200 products, 94% of the trade between the three countries involved, Guatemala, El Salvador and now Honduras.
With the publication in the official newspaper, Guatemala complies with the legal framework to implement the customs union.
Starting next week both countries will eliminate their borders to allow for the movement of merchandise and people, as a part of the integration process.
The first round of negotiations of the Second Semester of Customs Union ended last August 24 in Nicaragua having made significant progress.
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