Impact on Prices of Non-tariff Measures

Lack of regional standardized sanitary requirements, registration, labeling and certification, is making food more expensive and reducing competitiveness.

Friday, September 6, 2013

From a statement by the World Bank:

BM / Central America: NTMs increase product prices by 30 percent

The application of non-tariff measures, such as the requirements for the import and export of food and beverages, have a significant impact on trade in Central America and raise the price of commodities by up to 30 percent according to a new World Bank study.

A study entitled "Non-Tariff Measures in Central America: Economic impact and price rises" acknowledges that non-tariff measures have legitimate objectives such as the protection of human health, animal and plant health, but warns of the risk of countries choosing to use them in order to protect local industry.



More on this topic

Tariffs to Mexico: Opportunity for the Region?

June 2019

The plan to impose a 5% tariff on Mexican products entering the U.S. would open up opportunities for Central American countries to increase their sales to the U.S., but there are fears that similar measures could be taken against the region.

On May 30, President Trump announced on his Twitter account that he plans to impose a 5% tariff on Mexican products entering the U.S.

More Efforts for Customs Integration

February 2012

El Salvador and Guatemala have agreed to accelerate the integration process between the customs offices of both countries, once again returning to the negotiation process.

Guatemala and El Salvador have decided to accelerate the process towards the Customs Union, and in order to achieve this their economic ministers will meet once a month.

Status of the Central American Economic Integration

February 2009

SIECA report on status of the process of the Central American Economic Integration

This document contains the status of the Central American economic integration process, basically refers to the legal institutional framework, Central American trade, and incorporation of into international trade.

Central American seeks to standardize banking rules

January 2009

The Superintendents of Banks are meeting in Managua to study how to standardize banking supervision rules for the countries in the region.

The Nicaraguan Superintendent of Banks, Victor Urcuyo, said, according to elsalvador.com: "Currently the banks have to consolidate their financial statements and the supervisor of origin goes to the various countries to do the inspections.

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