Guatemala: Customs Union with Honduras Approved

The decree approved by the Guatemalan Congress was the missing step needed to implement the free movement of people and goods between the two Central American countries.

Friday, January 22, 2016

From a statement issued by the Ministry of Trade:

Guatemala, January 22, 2016. The Congress of Guatemala yesterday approved a Protocol Enabling the Deep Integration towards the free movement of people and goods between the Republics of Guatemala and Honduras.

The Minister of Economy, Ruben Morales, said "it is a historic decision that will allow us to achieve the first customs union in the Americas. In addition, it is a first step towards the Central American customs union, a cornerstone for the development of the region. "

The Central American customs union is a process that began more than 60 years ago. Guatemala and Honduras have proposed advancing more quickly and began a bilateral process in December 2014.



More on this topic

Guatemala-Canada TLC is Stalled

February 2016

Fifteen years after the first approach was made, the countries have not reached an agreement on the conditions of entry of products such as textiles, meat and sugar.

Since 2001, Guatemala and Canada have been trying to close negotiations to create a free trade area between the two markets.

Guatemala: Customs Union with Honduras Approved

January 2016

The decree approved by the Guatemalan Congress was the missing step needed to implement the free movement of people and goods between the two Central American countries.

From a statement issued by the Ministry of Trade:

Guatemala, January 22, 2016. The Congress of Guatemala yesterday approved a Protocol Enabling the Deep Integration towards the free movement of people and goods between the Republics of Guatemala and Honduras.

Trade Between EU and Central America - I Quarter 2014

July 2014

Central American exports destined for the EU in the first quarter of 2014 totaled $1,021,600,000, down 10.5% compared to the same period in 2013.

From a report entitled "Central America's Bilateral trade with the EU: Evaluation of the first quarter of 2014" by SIECA:

Part IV of the Association Agreement between Central America and the European Union (EU-CA) took effect for each of the Republics of the Central American side in 2013. It has now been active for six months in 2014.

Pacific Alliance and Costa Rica

February 2014

Colombia, Peru, Chile and Mexico approved the inclusion of Costa Rica to the Partnership Framework Agreement, the first step towards total integration into the block.

From a press release issued by the Presidency of Costa Rica:

Under the VIII Summit of Heads of State of the Pacific Alliance, the President of the Republic, Laura Chinchilla Miranda, along with her counterparts in Colombia, Juan Manuel Santos Calderón, Chile, Sebastián Piñera Echenique, Mexico, Enrique Peña Nieto and Peru, Ollanta Humala Tasso signed a Declaration on the Accession of Costa Rica to the Pacific Alliance.

 close (x)

Receive more news about Central America Integration

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Professional ink refill franchise for sale

Ink and toner refills with latest generation machinery exclusively for the franchisee in Central America, investment opportunity with fast return.
Ink and toner refills with latest generation machinery...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Apr 2)
Brent Crude Oil
30.070
Coffee "C"
120.20
Gold
1,616
Silver
14.63