Governments should control tax evasion, expand the tax base and combat corruption, increasing revenue to finance the fight against insecurity.
A statement by the Federation of Chambers of Commerce of Central America (FECAMCO) reads:
THE FIGHT AGAINST DRUG TRAFFICKING AND SOCIAL VIOLENCE DOES NOT SOLEY DEPEND ON MORE TAXES
The social costs that violence and organized crime bring are embodied in several dimensions, among which is the irreparable loss of lives, physical and emotional toll of victims and the costs related to private security in homes or businesses. The current violence that Central America is experiencing has significantly impacted on companies' productivity and has therefore hindered the economic growth of our countries. We therefore condemn all kinds of populist measures that directly affect productivity, competitiveness and economic growth in the region.
At a meeting in San José, Costa Rica, the Federation of Chambers of Commerce of the Central American Isthmus (Fecamco), "unanimously endorsed Honduras' elections" and asked the European Union to recognize them.
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."
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