International Commerce Ministry of Economy of Guatemala Exports & imports María Luisa Flores exports Association Agreement between Europe and Central America Free Trade Agreement Free trade export sector Exports to Europe partnership trade trade agreement Sergio de la Torre AACUE implications

Guatemala and Harnessing the Europe Agreement

The elimination of tariffs on agricultural products and flexible rules of origin for products such as tuna, textiles and plastics are part of the changes incorporated in the Agreement.

Thursday, January 9, 2014

The Minister of Economy, Sergio de la Torre said that in the next few years Guatemala's exports to Europe could be doubled, as has happened with the other trade agreements that the Central American nation has signed.

The Deputy Minister of Foreign Trade, Maria Luisa Flores, told Revistaindustria.com that some of the opportunities provided by the Association Agreement with the European Union include:

- Better access to the European market as the EU released 91% of tariff lines for exports, while Central America will do the same for 48% of the lines and complete the liberalization schedule in 10 years.

Source: revistaindustria.com

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Key entities

Ministry of Economy of Guatemala Sergio de la Torre María Luisa Flores

Countries

European Union Central America

Insight

Association Agreement between Europe and Central America Exports to Europe export sector exports imports non tariff barriers tariff benefits Free Trade Agreement free trade agreement Free trade AACUE implications International Commerce Exports & imports

Guatemala: EU Agreement Will Be Effective starting December 1st

November 2013

The Council of the European Union has approved Guatemala's application to the trade pillar of the Association Agreement with Central America.

From a press release by the Government of Panama:

The Council of the European Union met today at its headquarters in Brussels, Belgium, and confirmed the implementation of the Trade pillar of the Association Agreement between this institution and Guatemala starting December 1st.

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).

Guatemala Could Enter AA with EU in November

September 2013

The country has fulfilled the last requirement which was pending, the registration of geographical indications, meaning that the Association Agreement could come into force in November.

The Ministry of Economy will notify on September 30 that it has complied with the ratification of the Association Agreement with the European Union and with the 60-day period required for amendments to the Law on Industrial Property related to geographical indications.

Guatemala Concedes Its EU Sugar Quota

September 2013

Nicaragua and Honduras are allowed to sell 65,000 more metric tons duty-free to the European Union.

The country has given approval for both Nicaragua and Honduras to receive this benefit temporarily, until the trade agreement becomes effective for Guatemala. "The Council of Ministers of Economy and Trade for Central America (Comieco) gave authorization this weekend for each country in the region to be able to make available its quotas at will" reported Nicaraguahoy.info.