EU-CAAA Evaluation in Nicaragua

The Association Agreement between Central America and the European Union is “historical”, stated José Adán Aguerri, president of COSEP, the Superior Council of the Private Enterprise.

Monday, May 31, 2010

According to him, Nicaragua gets many benefits from the agreement, including assuring some key beneficial tariff conditions when exporting to Europe, which include zero tariffs for all its agricultural goods and 99% of the country’s industrial production. EU-CAAA made permanent the advantages Nicaragua had under the Generalized Preferences System (SGP Plus), removing the transitional and discretional nature of the former system.

Although at least two years must pass before the agreement enters into force, experts agree on some of the specific benefits that Nicaragua will get:
- The country’s top export goods to Europe, shrimp and coffee, will stop paying tariffs immediately after the agreement enters into force.
- Beef exports will increase to €42 million, and the country will save €20 million in tariffs.



More on this topic

Costa Rica: EU Agreement in Effect From October

September 2013

The Council of the European Union has approved Costa Rica's entry into the Association Agreement between Central America and the European Union.

From a press release by the Ministry of Foreign Trade (Comex):

The European Union Council today unanimously approved Costa Rica's entry into the Association Agreement between Central America and the European Union (CAAA).

Sugar Quotas are Responsibility of Central America

September 2013

The European Union will not mediate in the distribution between the Central American countries of the sugar quota of 60,000 tonnes allocated to the region.

"The European Union will only check the total regional quota has been reached and will not intervene in how it is distributed among the five Central American countries.

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.

EU-CAAA Analysis: Nervous Producers

May 2010

The Agreement with the European Union was closed this week; although nearly two years will pass before it take effect, the analysis of potential gains and losses is well underway.

Consolidating the tariff benefits of the Generalized System of Preferences (GSP), was labeled as a major accomplishment for Central America’s European-bound production.

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