While trade between the Central American countries continues to grow, as well as regional synergy between its companies, governments have been unable in recent years to marry the process of trade integration with the necessary institutional integration.
In relation to commerce, in the first six months of 2011 sales between countries in the region increased by 21.8%.
In the governmental side, there is political weakness in the Central American Economic Integration Secretariat (SIEC), a Secretary General whose nomination is protested, and a border dispute between Costa Rica and Nicaragua, which is preventing normal relations between their respective governments.
In his column in Elfinancierocr.com, Gustavo Arias Retana analyzes the situation: "The problems facing the Central American Integration System (SICA), the economic crisis and conflicts between Central American countries has meant that the Central American integration process has made little progress in the last six years, according to The State of the Region 2011. A truth reflected in the meetings between American presidents which declined from 15 in 2005 to three in 2010. "
Arias Retana highlights the view taken by Luis Guillermo Solis, "Integration increases the stability of nations politically and economically, a fact that should matter more to the country's leaders."
Source: elfinancierocr.com
More on this topic
September 2008
The Treaty on payment systems in Central America and the Dominican Republic.
1. Introduction: Central American Integration
From the start of their independent lives, Central American countries have sought to travel together on the road of development, remaining conscious of their common origin, objectives and destination.
March 2009
Advantage must be taken of the opportunities offered by local markets, and of the importance of endorsing policies and regional negotiation standards.
Eduardo Rodríguez, Director General of PiPCA (Central American Integral Price Provider), in the blog "Integrated Securities Markets" in Capitales.com, analyzed the opportunity for access to local capital due to the restriction in international credit and its related benefits.
April 2012
A $100 million issue by Banco Popular Costa Rica is available for trading on the Stock Exchange in Panama.
The bonds were offered for sale in Costa Rica in 2011 and were recently approved by the Superintendent of the Panama Stock Exchange.
Being a certified issue, securities may be traded in Costa Rica and Panama.
June 2010
At the third encounter between Korea and Central America, President Lee Myung-bak will present proposals for developing regional industrial infrastructure.
The Asian nation wants stronger relations with Central America. They plan to provide financial assistance for development projects, in which they will also share their experience in economic growth.
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2015
