Intra-Regional Trade Challenges

Improvements to infrastructure, consolidation of regional integration and increasing its competiveness are a few of the challenges faced by Central America.

Monday, September 27, 2010

The world economic crisis was felt by the region with a 29% drop in exports and 13% less imports, according to data from Central American central banks.

Journalist Leonel Díaz Zeceña analyzes the issues in his article for Prensa Libre and reports comments from businesses and analysts.

Regarding the need to be competitive, Nicholas Virzi, Business Economics director at Guatemala's Rafael Landívar University, commented that, "exports are related to countries' competitiveness and their role in the world economy. The region needs to look to open new markets and seek new opportunities, although this also represents a risk".



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Intra-regional Trade Reaches $ 5.726 million

February 2011

After a 18.4% fall in 2009, 2010 closed with an 8.6% increase.

According to information from the Central American Economic Integration Department (SIEC), 2008 figures show a total of $ 6,412 million in 2009, down from the 18.4% closing at $ 5,274 million.

"...commercial integration between the CA countries could be considered the most advanced of all projects of the Central American integration framework," Sigloxxi.com reported.

6% Increase in Regional Trade

November 2010

Regional trade grew 6% in the first 6 months of the year compared to the same period of 2009.

According to information from the Central American Economic Integration Department (SIECA), between January and June of this year, trade reached $ 2,844 million, $ 165 million higher than the same period of 2009.

Intra Regional Trade Down 22%

October 2009

$900 million have been traded within Central America in the first half of this year, $261 million less than the same period of 2008.

The most affected sectors are construction, raw materials (chemical products), and industry (glass, plastics and metals), reported Luis Godoy, director of Agexport, the Guatemalan exporters association.

Inter Regional Trade Down 17%

July 2009

Trade between Central American countries decreased 17% in the first third of 2009, when compared to the same period of 2008.

According to data from the Central American Economic Integration Secretary, exports between the countries of the region reached $1.74 billion, $356 million less than the first third of 2008 ($2.1 billion).

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