The signed association agreement "guarantees Central American countries that with the departure of the United Kingdom from the European Union, there will be no legal vacuum and trade relations with that country will be interrupted and tariff preferences will be maintained, with all legal guarantees for Central American exporters to the United Kingdom."
The government of Guatemala informed that Julio Dougherty, Vice-Minister of Integration and Foreign Trade, together with the Ministers of Economy and Foreign Trade of Central America and the United Kingdom Ambassador in Costa Rica, Ross Denny, signed in Managua the document that establishes the Association Agreement that constitutes the mechanism to attend the preferential commercial relations regulated with the United Kingdom through the Association Agreement between Central America (CA) and the European Union (AACUE), on the occasion of BREXIT.
Varela administration signed 19 agreements with the Asiatic giant, including the meat, sea and fruit exports from Panama, and technological cooperation mechanisms.
In addition to the Free Trade Agreement between the two nations, the fourth round of negotiations took place weeks ago, and within the framework of the visit of Chinese President Xin Jinping to Panama, bilateral agreements on tourism, trade and agriculture were signed.
Shrimp, mangoes, confectionery, non-alcoholic beverages and electric accumulators are some of the products that will have tariff benefits with the signing of the Partial Scope Agreement between both countries.
From the press release of the Ministry of Economy of Guatemala:
October 31st, 2018. To accelerate the reduction of mutual tariff preferences granted to a list of 61 products traded in the Guatemalan and Cuban markets, according to the Partial Scope Agreement (PSA) in force since 2001, this Wednesday, trade authorities of both countries signed in Havana, the so-called "Second Protocol to Modify the Deepening of the PSA between Guatemala and Cuba."
A second round of negotiations to extend the partial scope agreement has concluded, with the approval of new rules on origin for trade between both countries.
The Ministry of Economy of El Salvador reported that one of the greatest achievements of this meeting was the completion of the negotiation on the market access table, with El Salvador reaching around 120 tariff codes that will be subject to improvements in tariff preferences.
In Guatemala, agricultural entrepreneurs insist that opportunities will be lost if the agreement is not signed, while industrialists propose analyzing the conditions in more detail.
The National Coffee Association believes that the Ministry of Economy has abandoned talks with the Korean government, which harms them since the Asian country is a growing market that recognizes the quality of the grain.
Both countries are committed to "accumulating raw material of Ecuadorian origin, and then processing it in Guatemala and exporting it to the European Union, or vice versa."
Julio Dougherty, Vice Minister of Integration and Foreign Trade of Guatemala, said during his participation in the signing of the agreement that "through the agreement we will have the possibility of forming value chains that can be used by small, medium and large entrepreneurs, without discriminating against anyone".
More tourism and the promotion of Dominican exports to the European country, are some of the benefits expected to be gained from the agreement signed between businessmen from both countries.
The cooperation agreement between the National Confederation of Agricultural Producers (Confenagro) and the Dominican-Russian Chamber of Commerce, aims to promote exports of Dominican products to Russia, facilitate joint investments, and promote tourism and cooperation.
The Polish government could be interested in establishing a commercial promotion office in Panama City, from where they intend to generate business throughout Latin America.
A statement issued by the Ministry of Foreign Affairs of Panama details that according to the Vice Chancellor of Poland, Marek Magierowski, Panama "...
The approved agreements in maritime and air transport provide the basis for establishing direct air routes and will allow vessels flying the Panamanian flag to receive preferential treatment in Chinese ports.
Panamanian authorities ratified the transport agreements with the Asian country, which includes the civil air transport agreement, through which both countries laid the foundations to establish direct routes, opening space to establish commercial or cargo flights between both countries.
The Solis administration has concluded negotiations on the Agreement for the Promotion and Reciprocal Protection of Investments with the United Arab Emirates.
From a statement issued by the Government of Costa Rica:
Dubai, September 26, 2017. During a third round of negotiations, a team from the Foreign Trade Ministry, led by Vice Minister Jhon Fonseca, concluded negotiations on a Reciprocal Investment Promotion and Protection Agreement (APPRI) with the United Arab Emirates (UAE).
The vagueness of the Solis administration regarding the integration of Costa Rica into the Pacific Alliance has provoked negative reactions from business associations.
EDITORIAL
The country's entry into the Commercial alliance composed of Chile, Colombia, Mexico and Peru would represent a very important change for the economy of Costa Rica, a change that sectors producing goods and services would have to integrate into their strategic plans, which is why they need clear signals regarding what will happen.
Operations in Santo Tomas de Castilla are back to normal, after truck drivers and customs agents agreed with the Government to improve conditions at the terminal.
The South Korean government has proposed to Central American countries that they resume negotiations to sign a free trade agreement.
During a meeting between officials of the Ministry of Foreign Trade of Costa Rica and the deputy minister, Moon Jaedo, of the Ministry of Commerce, Industry and Energy (Motie) of South Korea, it was requested "... that the Central American countries evaluate opening up a process of negotiation for a free trade agreement. "
Both governments announced that they have signed an agreement to unify customs in order to expedite the transport of vehicles and people, with effect from 1 June.
With this agreement, it is expected that the border between the two nations will be fully liberated for both freight and passengers in December. Immigration procedures will be carried out online or in an office to be located near the border area.