Regional leaders launch Meso-American Project for development
The leaders of Mexico, Colombia and Central America concluded their two-day meeting in Mexico with the Declaration of Villahermosa that buried the Puebla-Panama Plan and replaced it with the Meso-American Project.
Tuesday, July 1, 2008
The new initiative, like its predecessor, aims to promote regional integration so as to create more prosperous societies with improved economic infrastructure.
The Puebla-Panama Plan is to be stripped of 95 percent of its projects in order to make it viable, Mexican Foreign Secretary Patricia Espinosa said at a meeting in Medellín of the seven countries involved.
The presidents of the region have back-to-back meetings today in El Salvador and tomorrow in Mexico, to discuss regional integration and the re-starting of the Plan Puebla Panama.
Six consortiums have expressed an interest in carrying out a feasibility study of the development of short-distance maritime transport.
A feasibility study indicates that the region has economic and port potential to develop a system of short sea shipping.
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