$14 million for Central American Customs Union

In the next six years, the EU will invest in regional customs strengthening which it considers essential for harnessing the benefits of the AA.

Thursday, September 12, 2013

Laprensa.com.ni reports: "With the support of the Central American Economic Integration Secretariat the EU will start a Support Programme for Central American Economic Integration and Implementation of the AA".

The goal is to "facilitate the process of regional economic integration, and incidentally also intraregional trade and the general implementation of the Association Agreement between the European Union and Central America," said Javier Sandomingo, head of the EU delegation to Nicaragua, Costa Rica and Panama.

The program will run for six years and of the total investment 10 million euros will be provided by the European Union, and the rest will come from the Central American countries.



More on this topic

Central American Customs Union is Essential

June 2012

The Central American Customs Union is the most important tool for increasing trade in the region and generating the economies of a scale necessary to compete in the global market.

The Federation of Chambers of Exporters of Central America, Panama and the Caribbean (FECAEXCA) has released a statement in which it urges “the Ministers of Economy of the region to redouble their efforts so that the processes of the Customs Union can acquire the necessary priority and speed and to take actions to complete them”.

Agreement on Customs Regulations

December 2011

Central American representatives have approved various technical regulations for the regional customs union.

Among the regulations adopted are those relating to labeling and product registration.

Also under discussion in the meeting, was the process of Panama’s incorporation into the Central American Economic Integration Secretariat (SIEC), a requirement that Panama needs to meet in order to take part of the Association Agreement with the European Union.

Customs Union urgently needed

December 2008

Costa Rican businesses demand that regional common market be strengthened.

The business owners claim that join together 11 treaties is worthless unless their is a common market to ease the trade of products in the region and with harmonious tariffs, not to mention other needs.

Central America plans unification of customs procedures for Cafta

May 2008

Central America is preparing a plan to unify customs procedures with the aim of validating common rules of origin.

The plan is to be presented shortly to US trade officials as part of Cafta, said René Salazar, El Salvador's director of Commercial Treaties.

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