El Salvador - Venezuela Trade Agreement Renegotiated

In the first round market access issues, rules of origin, customs procedures, sanitary and phytosanitary measures and technical barriers to trade were reviewed.

Wednesday, October 22, 2014

The aims of the first round of renegotiation are to provide updates and open spaces to new sectors not covered by the partial agreement signed in 1986 and for the November 17 a second round will be start which will be concluded in early 2015.

Elsalvador.com reports that "... The second round of negotiations will be held in San Salvador during the week starting from 17 to 21 November this year, and the process is expected to conclude in mid-December, therefore a closing third round of negotiations has been scheduled to be held in the Bolivarian Republic of Venezuela. "

Deputy Minister of Economy, Luz Estrella Rodríguez added that "... Through this renegotiation it is expected that both countries will continue to enhance trade ties, opening new markets for companies in order to achieve export targets and expand."

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The first round of negotiations began in the South American country to expand the list of products already traded in the framework of the agreement that has been in force since 2013.

The agreement that entered into force on February 19, 2013, has allowed immediate access to 593 products with 100% tax relief.

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Several years after conversations began, Central America and South Korea finally started the formal negotiations for a free trade agreement.

From a statement issued by the Government of Guatemala:

In Houston, Texas, the Minister of Economy of Guatemala, Sergio de la Torre, and his Central American counterparts in charge of foreign trade, met with Korean Minister of Commerce, Industry and Energy Yoon Sang-Jick, to start negotiating the Free Trade Agreement between the Republic of Korea and the Central American republics.

Costa Rica-Colombia FTA Negotiations Announced

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The two countries will start negotiations on a free trade agreement on June 15, despite opposition from the Costa Rican business sector.

On June 15 Costa Rica and Colombia will kick start negotiations on a Free Trade Agreement (FTA) that could be signed this year, said the Costa Rican president, Laura Chinchilla.

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