How to Strengthen the Regional Integration Process

Transporting a truckload from Guatemala to Costa Rica takes four days, when the journey could be completed in 30 hours.

Thursday, March 24, 2011

The Business Committee for Customs Union launched a campaign to accelerate and complete the integration, attacking in particular mental and cultural barriers which persist in economic actors and in the general population.

An article in Prensalibre.com reported that the president of the Business Committee, Adam Aquino, claimed, “Not being able to facilitate trade results in losses and high costs for Central American consumers. The main causes for slow cargo movement between El Salvador and Guatemala, is the different interpretation officials make of the legal instruments approved by the customs union.



More on this topic

Is Central America Interested in an Agreement with the European Union?

May 2014

To date the Trade Pillar Committee has not yet been formed with representatives of each of the Central American countries, despite the entry into force of the Association Agreement on January 1st 2014.

Central America has not managed to harmonize and standardize regional interests in order to make use of the Agreement with the European Union.

C.A. Entrepreneurs Urge to Accelerate Integration

December 2010

Seasoned in negotiations with Europe, Central American employers are demanding to political sectors to accelerate the process for the economic integration of the isthmus.

50 years after the signing of the General Treaty of Central American Integration, over 40 million people living in the region still do not enjoy the economic benefits and development opportunities that could effectively be consolidated if Central America would act as a single economic unit, much like the European Union.

"Geography is destiny"

July 2010

Annual growth in trade between Central American countries from 1960 to the close of 2008 averaged 11.7%, increasing from $30 million to $6.3 billion.

"Geography is destiny,” Napoleon would often say, and Central America is a clearly a case in point. As far as trade is concerned, the region’s countries are one, and in terms of business it is essential to take this into account.

Integration Held Back by Large Obstacles

November 2009

In spite of globalization driving various forms of private economic integration, there still remain custom and tariff barriers.

International commerce experts agree that in order to fully take advantage of the benefits of free trade agreements with extra-regional blocks, Central America must complete the economic integration process started on October 14, 1951.

 close (x)

Receive more news about Central America Integration

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


Professional ink refill franchise for sale

Ink and toner refills with latest generation machinery exclusively for the franchisee in Central America, investment opportunity with fast return.
Ink and toner refills with latest generation machinery...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Jan 26)
Brent Crude Oil
55.63
Coffee "C"
125.55
Gold
1,853
Silver
25.44