No Future Without Common Tariffs
"Only when there are real common external tariffs we will be able to take full advantage of the Agreement with the European Union."
Wednesday, January 26, 2011
It is still important to keep this issue in mind. This was the warning given by the head of the EU mission in El Salvador, Stefano Gatto, who recalls that the full force of the Agreement with the European Union is contingent upon the existence of a common external tariff by all signatory countries.
The cost of customs procedures adds up to 40% to the price of products traded between countries in the region.
European authorities noted that as long as there are border controls, custom and tariffs, Central America's Integration process won't be complete.
Panama's Economic Cabinet is receiving technical assistance from Sieca for its incorporation in the regional system.
Progress made by the Central American Isthmus regarding integration do no meet the expectations of the European Union.
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