$ 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).

Pa-digital.com.pa reported statements from of Laura Frigenti, World Bank Country Director for Central America, "This program to facilitate trade is a complement to the regional agenda and progress which Central American countries continue to achieve in economic integration."

More on this topic

Regional trade amongst countries increases 25%

January 2009

According to the WTO, export among Central American countries totaled $6.4 billion in 2008.

Elsalvador.com reports: "The World Trade Organization estimates that commercial transactions between Central American countries at the end of 2008 was at $6.4 billion, a growth of 25%.

Businessmen press for Panama's integration into SIECA

November 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.

The president of the entity, Costa Rican Carlos Federspiel, said to Acan-Efe that in the face of the financial crisis that started in the US "it is necessary to strengthen intra-Central American trade and for Panama to be integrated into the economic system of the region and other agreements such as the Agreement of Association with the EU."

Panama to join SIECA soon

January 2009

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).

The minister of Trade and Industry, Gisela, Porras, stated to Prensa.com: "Even so, it will take a "prudential period" to conclude the incorporation into SIECA.

Intra-Regional Trade Challenges

September 2010

Improvements to infrastructure, consolidation of regional integration and increasing its competiveness are a few of the challenges faced by Central America.

The world economic crisis was felt by the region with a 29% drop in exports and 13% less imports, according to data from Central American central banks.

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