Producers from the Guatemalan sugar industry have not accepted the Peruvian proposal.
Although the Guatemalan government has said that agreements have been approved by Peruvian authorities, representatives from the sugar industry indicate that negotiations related to this topic are not over yet.
The Economy Ministry will study the Free Trade Agreement between Costa and Rica and China, by request from the National Export Promotion Council (Conapex).
Conapex requested the ministry to evaluate the possibility of strengthening trade ties with China through the Trade Agreement negotiated between the Asian giant and Costa Rica. These treaty allows other Central American nations to join in, nut negotiating separate terms and conditions.
Transporting a truckload from Guatemala to Costa Rica takes four days, when the journey could be completed in 30 hours.
The Business Committee for Customs Union launched a campaign to accelerate and complete the integration, attacking in particular mental and cultural barriers which persist in economic actors and in the general population.
An article in Prensalibre.com reported that the president of the Business Committee, Adam Aquino, claimed, “Not being able to facilitate trade results in losses and high costs for Central American consumers. The main causes for slow cargo movement between El Salvador and Guatemala, is the different interpretation officials make of the legal instruments approved by the customs union.
With the publication in the official newspaper the Framework Convention for the Establishment of the Customs Union is now in effect.
The agreement was approved by Congress on September 9th, 2010.
Deputy Economy Minister for Foreign Trade and Integration, Raul Trejo, told Sigloxxi.com, "We are legally fulfilling a commitment made by all countries in the region” explaining that it has been ratified by almost all nations with a pending process in Costa Rica."
The private sector, except for rice and tuna, reached a preliminary agreement for the distribution of export quotas to the European Union.
Deputy Minister of Economy of El Salvador, Mario Roger Hernandez, told media that "the sugar, processed mushrooms, frozen and canned sweet corn, cassava starch, beef and plastic products industries are among those who already reached agreements.”
The region has unified its decision to exclude from the text possible economic sanctions to be applied for labor law violations.
Raúl Trejo Esquivel, Guatemala's Vice-minister for the Economy, indicated that Canada would like them included while the CA-4 (composed of Guatemala, Nicaragua, El Salvador and Honduras) proposal is to develop supporting policies to improve the application of the region's labor laws.
After almost 10 years of negotiations, Guatemalan authorities have announced that they should be concluded by the end of the year.
In the last meeting, held back in March in Ottawa, Canada, progress was made regarding textiles.
Guatemala’s Economy Vice Minister, Raúl Trejo, told Sigloxxi.com that Canadian negotiators have offered a gradual move toward customs tax exemption over three years for textiles exported from Guatemala, provided that the rules of origin proposed in CA-4 are followed.