New Northern Winds for Central America

Strengthening trade between the US and the region, fighting corruption in the Northern Triangle and reducing illegal migration flows, are some of the axes on which Joe Biden, the US president who has been sworn in, is expected to focus.

Wednesday, January 20, 2021

Biden, representative of the Democratic Party and winner of the last US elections, whose results were close, arrives at the White House to replace Donald Trump.

The new US president assumed power on the morning of January 20, in a context of falling economic activity, high levels of unemployment, a health crisis caused by the spread of covid-19 and social divisions within the country due to the results of the last election, in which Trump was defeated.

Although Biden will spend much of his time on domestic issues, his administration will also have to take positions on issues that are transcendental for Central America.

Nuria Marin, analyst and political scientist, told Elfinancierocr.com that "... Biden's voting record on trade agreements leaves doubts: The Democrat also supported the agreement with Mexico and Canada (Nafta), but not the one with Central America and the Dominican Republic (DR-CAFTA)."

For Steve Liston, director of the Council of the Americas, due to the fact that President Biden values "... the importance that Latin America has for the U.S. in political and economic terms", it is expected that the trade agreements signed with the countries of the region, including DR-CAFTA, will be taken advantage of, according to an article published by Prensalibre.com.

Prior to Biden's arrival at the White House, Juan Carlos Paredes, economic analyst, explained to Prensalibre.com that ".... The U.S. observes as a problem the cases of corruption that have spread to several sectors in recent years, in the sense that social and economic issues are not being addressed, nor the stable conditions of the country, which motivates people to migrate in an irregular manner."

Regarding the situation in Central America, Biden's Plan of Government explains that "...fundamental to becoming a secure, democratic and prosperous place is to ensure that the nations of Central America, especially El Salvador, Guatemala and Honduras, the Northern Triangle countries, are strong, secure and capable of providing opportunities for the future for their own people."

"As President, Biden will immediately remove the Trump Administration's draconian immigration policies and galvanize international action to address the poverty and insecurity that drive Northern Triangle migrants to the United States. Central American governments and societies have the primary responsibility to address the drivers of emigration in their own countries, but the depth of the necessary reforms requires sustained international assistance and cooperation," the document states. See the full document.

See Elfinancierocr.com article "Biden arrives at the White House: this will be the direction of his administration in key areas for Costa Rica" and Prensalibre.com "Biden supports agreements with Latin America to boost economic recovery after pandemic".



More on this topic

Geopolitics and the Future of Central America

November 2020

The next U.S. president is not yet known, but in the region it is expected that in an eventual new Trump administration, the focus will be on the recovery of the U.S. economy, while an eventual Biden administration would focus on countering corruption and illegal migration.

Two days after Election Day took place, the United States is experiencing an atmosphere of tension and uncertainty, since because the results are closed, neither candidate can yet be declared the winner.

Uncertainty Increases over Relationship with the U.S.

July 2019

Guatemalan exporters report that President Trump's warning about export tariffs and taxes on remittances and transfers is raising doubts among U.S. buyers.

Uncertainty prevails among most Guatemalan businessmen after President Trump reacted to the provisional protection established by the Guatemalan Constitutional Court, which limits the functions of the Executive Branch to negotiate or sign any foreign policy agreement.

NAFTA Review and Immigration Crisis

July 2019

In the NAFTA review carried out by the Central American and U.S. authorities, it is ruled out that the U.S. government will apply trade sanctions in retaliation for the deepening of the migration problem.

After the Trump administration pressured Mexico with the threat of increased tariffs on Mexican imports, the region has generated expectations for the planned review of the NAFTA with Central America.

Biden-Central America: Only a Social Gathering

March 2009

The US Vice President promised to listen to the problems of Central America, but nothing more

Inaugurating a new era in US relations with the region, Vice President Joseph Biden showed the willingness of the new US administration to listen to Central American governments, but he made it clear that the priority is to restore the economy of the country to the north, insisting that this is the best way to help the economy of these countries.

 close (x)

Receive more news about Economics

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


Costa Rica ECO-Residential Development & Business

Real Estate Development & Adventure Park Jacó, Costa Rica. Multiple Investment Opportunities Available.
The Ocean Ranch eco-residential development is located...

Stock Indexes

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

Commodities

(Dec 9)
Brent Crude Oil
76.01
Coffee "C"
244.20
Gold
1,785
Silver
22.285