The resolution signed yesterday by officials of the two nations to enable the passage through Corinth in Entre Ríos, Izabal, heralds the start of a new route with greater opportunities for bilateral trade. 

"One of the benefits of the resolution signed yesterday by officials of the two nations to enable passage through Corinth, is that you can bring through cargo more directly from Puerto Santo Tomas to Puerto Cortes, according to Ministry of Economy (Mineco)".

Prensalibre reports that "...In addition, another meeting has been scheduled in Guatemala, for the week that starts on December 12, in order to advance the process and it is expected that by July 2017 the entire Customs Union between the two countries will be able to fully operate, explained the Minister of Economy of Guatemala, Ruben Morales." See details of the Customs Union process.

Source: prensalibre.com

More on this topic

Panama: Central American Customs Union In 6 months

April 2016

The current customs legislation has been unified into a single document and changes will be implemented in processes to establish deposits made to order merchandise and refunding taxes, among other things.

Approval of the decree that integrates into a single document all national regulations and the Central American Uniform Customs Code (Cauca) is one of the steps that was needed for full integration of Panama into the Central American Customs Union. It is expected that accession to the bloc will occur within six months.

Honduras - Guatemala Customs Union on Hold

December 2015

The legislative session in Guatemala has ended and the Enabling Protocol needed to implement the customs union planned for December 15, was not even looked at by lawmakers.

Elperiodico.com.gt reports that "... The Protocol was not studied by the plenary, despite having a favorable ruling from the Committee on Foreign Affairs and the existence of a privileged motion signed by several heads of benches, as was stated by the deputy and president of the Commission, Juan Alcázar, so that it could be read and approved as a matter of national urgency. "

Customs Union in the Northern Triangle

October 2015

It has been announced that El Salvador will join the process being undertaken by Honduras and Guatemala to integrate customs posts between the three countries.

From a statement issued by the Ministry of Economy and Commerce of Guatemala:

Guatemala, October 22, 2015. After a meeting between the Ministers of the Northern Triangle, it was confirmed that El Salvador will join the Customs Union efforts which have been initiated by Guatemala and Honduras.

New Guatemala - Honduras Customs Scheme

September 2015

Posts will be set up in peripheral positions with third party countries, an integrated post in Agua Caliente, and free movement posts in El Florido and Entre Rios-Corinth.

From a statement issued by the Ministry of Economy and Commerce of Guatemala:

CUSTOMS UNION WILL PREVENT CORRUPTION IN CUSTOMS OFFICES