Central America - Mercosur FTA: Will It Be Done?

The possibility of negotiating a free trade agreement with the trade bloc of South American countries is back on the discussion.

Thursday, December 5, 2019

The issue will be discussed in detail at the meeting of the Council of Ministers of Economy of the region (Comieco), to be held in El Salvador on December 5 and 6.

Acisclo Valladares Urruela, Minister of Economy of Guatemala, confirmed to Prensalibre.com that "... there is proximity and negotiations with Mercosur, and during this day it will be discussed deeply. Up to now there is nothing concrete, but Guatemala's position in its foreign trade policy is to open negotiations, in search of new markets."

Amador Carballido, general director of the Guatemalan Association of Exporters (Agexport), explained that "... to speak of Mercosur is to speak of giant markets such as Argentina and Brazil, in which there is a potential for goods and services produced in Central America. We definitely have to work with Mercosur, it is an area in which there are opportunities for Guatemalan and Central American businessmen who are interested in doing business."

Argentina, Brazil, Venezuela, Uruguay and Paraguay are the countries that make up the Southern Common Market (Mercosur). Bolivia is in the process of accession.

This is not the first time that the issue has occupied the attention of the region, since in 2013 CentralAmericaData reported that Luis Almagro, Uruguayan Foreign Minister at the time, made a tour of the region, in which he proposed to the local authorities to initiate meetings to negotiate an FTA between Central America and Mercosur.

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More on this topic

Promise to Sign FTA with South Korea

August 2019

Guatemalan authorities, the only country in the region that is negotiating the FTA with Korea unilaterally, announced that they will speed up efforts to sign the agreement before the end of the year.

The announcement was made by President Jimmy Morales in the company of the Minister of Economy, Acisclo Valladares Urruela, before the members of the board of directors of the National Coffee Association (Anacafé), which is one of the sectors that is demanding the adhesion of the country to the Free Trade Agreement (FTA) between Central America and South Korea.

Guatemala: 2019 International Business Agenda

January 2019

For this year, one of the priorities Morales administration has as a priority to advance in the signing of free trade agreements with South Korea, Israel and the United Kingdom.

Representatives of the Ministry of Economy (Mineco) reported that by 2019, among the priorities of the agenda is the resumption of discussions of the trade agreement being negotiated with South Korea.

An Absurd Proposal: Central America - Mercosur FTA

March 2013

The Foreign Minister of Uruguay is touring the isthmus proposing an FTA with Mercosur, even though the President of the very same country describes it as "a bad customs union".

EDITORIAL:

The Foreign Minister of Uruguay, Luis Almagro, is touring the Central American countries, saying that he is mandated by the countries of the southern block to propose to Central America, a free trade agreement with Mercosur.

SICA and MERCOSUR begin FTA process

September 2008

The date to start the negotiation process for a Free Association Agreement between both regions will be September 9 and 10 in Brasilia.

The Guatemalan vice-minister of Foreign Affairs, Alfredo Trinidad, pointed out that there is "an interest in the (Central American) region that the negotiation between SICA and MERCOSUR not be just another Free Trade Agreement, but a more integral agreement that contemplates other types of alliances.

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