Sales by Costa Rica to the EU have diversified because of the entry into force of the AACUE, but the value of exports has decreased and the trade balance is less favorable.
It is not only exports under the Association Agreement that have declined, going from $2,034 million in 2013 to $1,786 million in 2015, but the balance of trade surplus has also been decreasing as well.The surplus fell from $705 million in 2013 to $342 million in 2015, according to figures from PROCOMER.
The high demands for quality standards, traceability and safety constitute a barrier to making the most out of the Agreement.
In the view of representatives from the Nicaraguan export sector, it has not been possible to make the most out of the association agreement with the European Union in its first two years, due to, among other things, unfavorable international prices, as has been the case of products such as sugar, coffee , cocoa, oil and alcohol.
The website for the "Business Intelligence System of the Association Agreement between Central America and the European Union" summarizes the regulatory framework, procedures, market information and other topics of interest to exporting SMEs.
The Ministry of Economy of El Salvador has put online a "Business Intelligence System of the Association Agreement between Central America and the European Union", a website which aims to present the content and the benefits of the Association Agreement in a format which is simple and accessible, so that Central American exporters and importers can receive this information and maximize opportunities.
To date the Trade Pillar Committee has not yet been formed with representatives of each of the Central American countries, despite the entry into force of the Association Agreement on January 1st 2014.
Central America has not managed to harmonize and standardize regional interests in order to make use of the Agreement with the European Union. Nearly six months after its entry into force, they have not institutionalized mechanisms to comply with even short term commitments related to regional trade, such as the harmonization of trade regulations, customs administration and trade policy. This failure has consequences.
Free training will be given on how to complete the Verification of Origin Questionnaire and EUR-1 Movement Certificate for exporting to the EU.
From a press release issued by the Guatemalan Association of Exporters (Agexport):
In order to provide an information service to exporters regarding the Origin Verification Questionnaire and EUR-1 Movement Certificate, through the medium of SEADEX WEB, the Single Window for Export, VUPE, at AGEXPORT, free training sessions will be given on days 9, 15 and 22 of January 2014, for companies exporting to the EU so that they can enrich their knowledge about filling in the questionnaire.
The elimination of tariffs on agricultural products and flexible rules of origin for products such as tuna, textiles and plastics are part of the changes incorporated in the Agreement.
The Minister of Economy, Sergio de la Torre said that in the next few years Guatemala's exports to Europe could be doubled, as has happened with the other trade agreements that the Central American nation has signed.
ATS El Salvador is a Customs Agency with 26 years of providing services for imports, exports, transits, consultancies and international transport.
Operates in El Salvador
Phone: (503) 2235 6522 - (503) 2235 6524