Honduras and Taiwan ratify free trade accord

Honduras and Taiwan ratified a free trade agreement that was signed just over a year ago and also includes El Salvador.

Wednesday, July 16, 2008

The FTA is due to come into force within 30 days of ratification. The Honduran embassy said the accord aims to "eliminate barriers to trade and promote fair competition."

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Seven years after diplomatic ties broke, Costa Rica is Taiwan's main trading partner in the region, with $644 million traded in 2013.

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EXPORTA attributes the increase to the free trade agreement with the island, which has been in effect for 7 months as yesterday.

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