Twelve months after the entry into force of the treaty between the two countries, trade figures have favored the two Central American countries.  In 2017, exports from Honduras to Guatemala totaled $384 million, 16% more than in 2016, and sales made from Guatemala to Honduras amounted to $967 million, which is equivalent to a 6% increase.  

However, there are aspects that still need to be improved. Regarding the processes and procedures that still need to be simplified to speed up trade, Werner Florencio Ovalle, Customs Superintendent at the Superintendency of Tax Administration, explained to Prensalibre.com that " ... we need to have more modern equipment in technology for the transmission of the Central American Unique Invoices and Declarations (Fyducas), as well as the protocols for auditing."

In relation to the benefits, Enrique Lacs Palomo, executive director of the Guatemalan Chamber of Food and Beverages, said that " ... one of the main benefits of the implementation is a substantial reduction of the time it takes to enter both territories. 'From the 36 hours that was the wait time at the border crossings before, now it has been reduced to one hour and that is an improvement in the competitiveness of trade'."

Alejandro Ceballos, president of the Committee on Clothing and Textiles (Vestex), said that " ... most companies have achieved benefits, although there are some very specific aspects, which will gradually be resolved."

See export figures for Guatemala and Honduras. (In Spanish)

Source: prensalibre.com

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