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.

Newspaper "El Nuevo Diario" published: "Costa Rica is the only country not joining, even though it subscribed the framework agreement and now 'has to take a step towards full implementation', stated Rodas".

More on this topic

Technical Advances in Customs Union

August 2012

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.

Guatemala Ratifies Customs Union

October 2010

With the publication in the official newspaper, Guatemala complies with the legal framework to implement the customs union.

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."

Honduras is Now Part of the Customs Union

May 2009

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.

The three nations have almost 70% of the trade within the region, which in 2008 reached $6.4 billion.

Laprensahan.com published: "The agreement excludes the trade of sugar, unroasted and roasted coffee, petroleum products, alcohol and distilled alcoholic beverages due to the countries’ protective measures, officials said."

Free movement of goods between El Salvador and Guatemala

January 2009

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.

Elnuevodiario.com.ni reports: "Both countries "will declare the territories free for the movement of people and merchandise" in order to create a joint customs, said Antonio Saca, in the presence of his counterparts from Central America.

 close (x)

Receive more news about Central America Integration

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Citrus Extract

CitroBio is a citrus extract wash for use throughout the entire food industry.
CitroBio is a citrus wash for sprouts, fruits,...

Stock Indexes

(Jun 28)
Dow Jones
0.68%
S&P 500
0.88%
Nasdaq
1.43%

Commodities

(Jun 29)
Brent Crude Oil
47.99
Coffee "C"
124.4
Gold
1,250
Silver
16.895