Second Round of Unified FTA with Mexico
Yesterday the second round of negotiations began to unify the various agreements Central American countries have signed with Mexico.
Tuesday, August 10, 2010
The objective is to unify the different agreements signed by Nicaragua, Costa Rica and the "Northern Triangle" (Guatemala, Honduras and El Salvador) into one single Free Trade Agreement (FTA).
Central American countries will be able to access the Regional Integration Committee of Supplies, to supply raw materials for the development of Mexican goods, especially textiles.
Until now Mexico has had a separate bilateral treaty with Costa Rica, Nicaragua and the Northern Triangle consisting of El Salvador, Guatemala and Honduras.
The governments will begin negotiations to create a single regional agreement with Mexico which would be ready by 2010.
Starting from July 1 the trade agreement with Mexico, a country with which trade reaches $10 billion per year, came into effect.
- Daily Update
- Government Purchases
- Classified Ads
- Indexes & Statistics
- Press Releases
- Events Calendar