$ 1.3 Million for Regional Trade
The World Bank funds will be implemented through the program "Trade Facilitation and Regional Integration."
Tuesday, October 12, 2010
The technical assistance program to be developed in two years, aims to support regional efforts to facilitate trade and free movement of goods. The funds will be implemented in coordination with the Central American Economic Integration Secretary (SIECA).
According to the WTO, export among Central American countries totaled $6.4 billion in 2008.
The Federation of Chambers of Commerce on the Central American Isthmus (FECAMCO) urged the governments of CA to carry out concrete negotiations for the integration of Panama into SIECA.
After completing bilateral treaties with the other countries in the region, the next step is full incorporation into the Secretariat for Economic Integration in Central America (SIECA).
Improvements to infrastructure, consolidation of regional integration and increasing its competiveness are a few of the challenges faced by Central America.
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