Honduras Wants to Enter Trans-Pacific Agreement

The maquila industry approves of the government's decision to apply for formal admission into the agreement, which would improve conditions for textile companies competing with countries like Vietnam.

Tuesday, May 26, 2015

The Honduran Maquila Association (AHM) is one of the unions in the country which is most interested in being part of the trade union agreement, because the United States is the main destination for its production, and where textiles also come from countries that are already part of the agreement, such as Vietnam.

Daniel Facussé, president of AHM, told Laprensa.hn that "... The US government position on the inclusion of Honduras is 'open but cautious', as negotiations on this issue have not finished. However, he anticipated that 'there is a chance that Honduras will enter into the TPP'. "

"... Among the findings of the national maquiladora sector, not entering into the agreement would disadvantage Honduras against Vietnam in terms of textile production, since the latter will, as a member of the TPP, have a direct way of sending products without restriction. "

More on this topic

Central America Happy Over Trump´s TPP Decision

November 2016

If the United States withdraws from the Transpacific Agreement, there will be less risk of competition from Asian countries for the Central American textile industry.

If the US does eventually abandon the Trans-Pacific Partnership Agreement (TPP), as promised by President-elect Donald Trump, the Central American textile industry could benefit from the elimination of the possibility that the US, its main market, will buy textiles from Vietnam at lower prices. Since the start of negotiations for the TPP, the Central American textile industry has tried to negotiate bilaterally with the US in order to minimize the negative effects that the TPP could have on the industry in the region.

Nicaragua: Optimism in Textile Industry

February 2016

Despite the challenges facing the Central American textile industry with the coming into force of the TPP and Asian competition, projections are that there will be growth of 8% in 2016.

The main reason is the decision of the US government to extend for ten years the tariff advantages enjoyed by Nicaraguan exports to the northern country, supporting them against the entry into force of the Trans-Pacific Economic Partnership Agreement (TPP).

Honduras: Cheap Power for Textile Industry

February 2014

The private sector and the government are developing a plan to maintain competitiveness and minimize the effect of the zero tariff entry of textiles to the U.S. market from Vietnam.

The program being worked on is called 'Total Occupancy of Industrial Parks'. The plan involves reducing the cost of electricity in the maquila parks, developing a project for generation which will devote its production to industrial parks and offer "in the case of new projects, a discounted rate (per kilowatt)".

24 Maquilas Close in Honduras

April 2009

With the closing of enterprises during 2008 and so far in 2009, 20 thousand people were left unemployed.

Most of the businesses operated in free trade zones or industrial parks. Currently, of the one million square meters available in the the 27 parks and free zones, 250 thousand (25%) are unoccupied.

 close (x)

Receive more news about International Commerce

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

Looking for Importers and distributors of furniture

Mexican manufacturer of office furniture seeks importers and distributors interested in dealing their products in Central America.
PM Steele is a 100% Mexican company, with more than 67...


Stock Indexes

(Apr 6)
Dow Jones
S&P 500


(Jan 18)
Brent Crude Oil
Coffee "C"