Honduras: Textile Companies and the FTA with Peru

Peruvian negotiators have asked Honduran maquila companies to use thread from the South American country at the same time as demanding that the agreement not contain exclusions.

Tuesday, November 25, 2014

The United States is the largest supplier of yarn for used by the Honduran textile industry and at the same time is the largest buyer of its production. In the context of negotiations, Peru is calling for more flexibility so that Honduras can the raw material not only from the US but also from the South American country.

Lidabel Almendares, a private sector representative told Latribuna.hn that "... We made a proposal that aims to make things related to textiles and clothing more flexible, so that they can produce using American and Peruvian thread, meanwhile, Peruvians are asking for there not to be any exclusions, which would be complicated for Honduras. In parallel to this, there is also a proposal to include products that are complementary to both economies . "

A representative from the Honduras-Peru Business Council, Obdulio Hernandez, added "... Honduras is looking forward to a proposal which is related to the theme of rules of origin. For Honduras an FTA with Peru is important because it would provide access to the Pacific Alliance trade bloc made up of Mexico, Chile and Colombia, it only needs to fulfill the requirement to have an agreement with the Inca country. Meanwhile in trade terms, it is unattractive because in recent years the balance has thrown Honduras in deficit. "



More on this topic

Textiles Undefined in Honduras - Peru FTA

February 2015

Honduran textile companies are not prepared for the total elimination of industrial exclusions demanded by Peru in the negotiation of the trade agreement.

The textile sector represents 20% of the items to be negotiated in order to close the FTA deal with Peru. This negotiation focuses on issues relating to rules of origin of threads and a request by Peru to eliminate industrial exclusions.

Guatemala and Peru FTA Closer

June 2011

More than 5000 Guatemalan products will enter the Andean country duty free.

The fifth round of negotiations on the Free Trade Agreement between the representatives of both governments concluded with the definition of a list of products to be exported duty free to Peru. Sugar cane and coffee are excluded.

El Salvador: Textile Producers Seek FTA with Peru

April 2011

Sector representatives have presented a proposal to be considered within the scope of the trade agreement.

After hearing that Peru was seeking to exclude products receiving preferential tax rates from the free trade agreement (FTA) negotiations, El Salvador's textile sector, together with the government, decided to present a different offer to be considered for inclusion within the agreement.

Peru and Central America Analyze Potential FTA

September 2010

With the aim of making progress toward a free trade agreement (FTA), the region's Ministers for Trade are meeting with their Peruvian counterpart in the Panamanian capital.

Present at the meeting will be Honduras' Héctor Escalante, Costa Rica's Fernando Ocampo and El Salvador's Carlos Moreno, representing their respective countries, which have all expressed an interest in participating in the FTA negotiations with Peru.