Mercosur Formalizes Observer Petition in SICA

Today the official request was made to join, as an observer, the Central American Integration System, appointing Ivan Ramalho, to act in that instance.

Friday, July 12, 2013 reports: "The resolution was adopted by the bloc's foreign ministers, meeting in the Common Market Council (CMC), which prepared the statement later to be signed by the presidents."

"The SICA was created in 1993 and is comprised of Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama. The ministers approved another 16 points to be submitted for consideration by the presidents and they have to do with the joint tasks of institutional bodies, Venezuela's participation in Family Farming Fund and financing of the education sector, among other things. "

More on this topic

Mercosur: Not a Trade Alliance But An Ideological One

June 2013

The entry of Venezuela to the South American block has consolidated its character as being driven more by domestic political considerations that modern commercial criteria.

"We need to get rid of this straight jacket, since we will not conclude any agreement while having Argentina and Venezuela as partners," said Roberto Giannetti, director of the Department of International Relations and Foreign Trade of the Federation of Industries of the State of Sao Paulo (Fiesp).

The Incorporation of Panama into SICA

February 2013

The Cabinet Council has approved Panama joining the Economic Integration Subsystem of the Central American Integration System.

From the press release issued by the Presidency of Panama:

The Cabinet Council approved a project that supports the Protocol of Incorporating Panama into the Economic Integration Subsystem of the Central American Integration System.

Single currency for Central America to be analyzed

December 2008

The SICA summit ended with a declaration that includes a dozen measures that they are seeking to implement in order to deal with the global financial crisis.

The session ended with the reading of the "Declaration of San Pedro Sula", which sets out the resolutions that the leaders of the region plan to carry out immediately and in the future, within the framework of a series of meetings that SICA will continue to hold next year. The document, which was read by Foreign Affairs Minister, Edmundo Orellana, highlights the integration project called Esquipulas III, the purpose of which is the creation of a Central American Constitution.

Brazil's Lula flies in to seek alliance with Central America

May 2008

Brazilian President Luiz Inácio Lula da Silva is flying in tomorrow to El Salvador to explore the possibilities of a trading alliance between Central America and the South American alliance, Mercosur.

Spokesman Marcelo Baumbach said Lula is slated to address a Brazil-Central America business forum tomorrow.

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