Central American Customs Union is Essential

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.

Thursday, June 7, 2012

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”.

Regarding the Association Agreement with Europe, the statement went on to say that “The European Union represents a major trading partner in the region” and that while aware of the economic crisis that has affected the European Region, they still “consider that the signing of the Partnership Agreement is a step that will contribute to boost both economies.”

The signing of the Association is scheduled for June 29, 2012 at the Presidential Summit to be held in Honduras.

More on this topic

Central America: A Single Customs Territory

October 2015

An urgent call is being made for greater efforts to be undertaken between Guatemala and Honduras and between Panama and Costa Rica, with the ultimate goal of creating a much needed Customs Union.

From a statement issued by the Federation of Chambers and Associations of Exporters of Central America (FECAEXCA):

$14 million for Central American Customs Union

September 2013

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

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".

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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