Regional Trade Down 21%

From January to May 2009, $1.736 were exported and imported within the region, down from the $2.196 million registered in the same period of 2009.

Wednesday, July 22, 2009

The global economic crisis was the main reason behind the fall in regional trade, as imports and exports to the rest of the world also decreased, with drops of 30% and 15% respectively.

"The drop in trade was one justification used by ministers from Guatemala, El Salvador, Nicaragua and Costa Rica, when opposing sanctions to Honduras", published "The ministers warned that political sanctions, such as isolation, will only impact commerce, job generation and areas affecting all five countries".

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More Efforts for Customs Integration

February 2012

El Salvador and Guatemala have agreed to accelerate the integration process between the customs offices of both countries, once again returning to the negotiation process.

Guatemala and El Salvador have decided to accelerate the process towards the Customs Union, and in order to achieve this their economic ministers will meet once a month.

Association Agreement with EU in 2012

September 2011

It is 'impossible' that the Association Agreement with the European Union will be ratified this year.

This was the announcement made by the Minister of Economy of El Salvador, Hector Dada Hirezi, referring to the fact documents containing the cornerstones of the agreement have yet to be translated.

Dairy Industry Fears Rushed EU Agreement

May 2010

Tomorrow, Central America and the European Union will continue negotiating the Association Agreement; dairy products will be the main item in the agenda.

Within the commercial chapter of the agreement, the most complicated topic has been how much European agricultural production may enter Central America, especially dairy goods.

Intra-Regional Trade Down 16.8%

December 2009

From January up to September, trade between Central American countries summed $8.01 billion, 16.8% less than the same period of 2008.

According to data from Sieca, the Central American Economic Integration Secretary, intra-regional trade summed $9.63 billion between January and September 2008.

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