Unified Regional Trade Regulations

This first unification of regulations will benefit the export sector of food and medicine industry.

Thursday, December 9, 2010

The signing of the agreement to unify technical regulations will be held next Monday and will then be submitted for review to the countries of the World Trade Organization (WTO).

"The unification of rules prevents companies ... to have the need to arrange export permits for each country in the region," reports the article in Nacion.com.

The Costa Rican Foreign Trade Minister, Anabel González, without providing many details, quoted the example of uniformity of labels.



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Intra Regional Trade Down 22%

October 2009

$900 million have been traded within Central America in the first half of this year, $261 million less than the same period of 2008.

The most affected sectors are construction, raw materials (chemical products), and industry (glass, plastics and metals), reported Luis Godoy, director of Agexport, the Guatemalan exporters association.

Trade growing within the Central American region

June 2008

By improving the movement of merchandise within Central America, the region will facilitate negotiations for a trade association agreement with the European Union.

Costa Rica's exports to its neighbors grew sharply in the first five months of the year. Sales to Panama rose by 37 percent, followed by Nicaragua with 20 percent and El Salvador with 18 percent.

Intra-regional Trade Reaches $ 5.726 million

February 2011

After a 18.4% fall in 2009, 2010 closed with an 8.6% increase.

According to information from the Central American Economic Integration Department (SIEC), 2008 figures show a total of $ 6,412 million in 2009, down from the 18.4% closing at $ 5,274 million.

"...commercial integration between the CA countries could be considered the most advanced of all projects of the Central American integration framework," Sigloxxi.com reported.

Inter Regional Trade Down 17%

July 2009

Trade between Central American countries decreased 17% in the first third of 2009, when compared to the same period of 2008.

According to data from the Central American Economic Integration Secretary, exports between the countries of the region reached $1.74 billion, $356 million less than the first third of 2008 ($2.1 billion).

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