Association Agreement with EU as of May 15

Honduras and Nicaragua will be the first countries to export to the European market under the preferential tariff agreed between the two regions.

Thursday, March 21, 2013

The agreement will be effective only in these two countries, as the parliaments of the rest of the region have not yet ratified it.

Both nations also will benefit from use of the regional quotas agreed for products such as meat, tuna, rice, sugar, sweet corn, preserved mushrooms, cassava flour, fresh or chilled garlic, among others, which can enter without paying tariffs.

The Association Agreement is the first region to region agreement with the EU and covers three areas of negotiation: trade, political dialogue and cooperation. The agreement on a commercial level will take effect in May, while agreements on political dialogue and cooperation require the approval of the 27 European countries and six Central American countries who are members of the treaty, said Fernando Ocampo, Vice Minister of Foreign Trade of Costa Rica.



More on this topic

Two Months to Ratify EU-CAAA

May 2013

The Association Agreement between Central America and the European Union will enter into force on August 1 for countries which ratify it before July 15.

From a press release from the Ministry of Foreign Trade of Costa Rica (COMEX):

Today, the deputies in charge of foreign trade of Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama met in San Jose, where they held a video conference with the Director General of the Directorate General for Trade of the European Commission, Joao Aguiar Machado, who served as Chief Negotiator for the European Central America Association Agreement (CAAA). During the meeting they discussed the progress of the registration of geographical indications in the legislative process and approval of the Agreement.

Costa Rica Could Lose Export Quotas to Europe

April 2013

A good part of the agroindustrial production could lose its share of the quotas allocated to the isthmus by the AACUE if the Legislature does not ratify the EU agreement in time.

Failure to approve the Agreement for Free Association between Central America and the European Union (AACUE by its initials in Spanish) before 15 May, could mean that Costa Rica will be excluded from the allocation of quotas for access to Europe.

Central America-EU FTA Coming Into Force Soon

May 2012

In late June the Association Agreement between Central America and the European Union will be signed in Tegucigalpa, containing a section on trade which will take effect as soon as it is ratified by one of the governments of the region.

The final flourish of the Association Agreement between Central America and the European Union (EU) - which consists of three pillars: economic, political and cooperation, is scheduled for between 28th and 29th June in Tegucigalpa, during a summit of Central American presidents.

Central America to make new offer to the EU

December 2008

The countries of Central America already made an offer of 90% of the tariff items that they will allow the European Union.

According to the Guatemalan vice minister of Foreign Trade, Ruben Morales, the negotiating teams from the region agreed to the 90% of the items as required by the EU at a private meeting that was held for one week in Guatemala.

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