No Future Without Common Tariffs

"Only when there are real common external tariffs we will be able to take full advantage of the Agreement with the European Union."

Wednesday, January 26, 2011

It is still important to keep this issue in mind. This was the warning given by the head of the EU mission in El Salvador, Stefano Gatto, who recalls that the full force of the Agreement with the European Union is contingent upon the existence of a common external tariff by all signatory countries.

The article in Martesfinanciero.com, outlined that Gatto stated that the common external tariff "is a nonnegotiable condition," noting that "knowing the difficulties of Central America in completing this process, a term has been agreed which ends in 2015.”

Current problems caused by the replacement of Yolanda Mayora at the direction of Central American Economic Integration Department by Ernesto Torres Chico does not seem to help the process of the much needed regional common tariff system.



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Customs Union is Essential

July 2010

The cost of customs procedures adds up to 40% to the price of products traded between countries in the region.

The isthmus is the natural destination for the region’s export producers and a large part of the countries’ economic development depends on the 40 million people that inhabit Central America, forming a unified marketplace.

Europe Demands Full Integration

July 2010

European authorities noted that as long as there are border controls, custom and tariffs, Central America's Integration process won't be complete.

For many years Central American countries have been trying to create an economic integrated block, but now the Association Agreement with Europe requires them to step on the gas and fully complete it.

Panama Could Join Sieca in 2010

November 2009

Panama's Economic Cabinet is receiving technical assistance from Sieca for its incorporation in the regional system.

The announcement was made by Yolanda de Gavidia, Sieca Secretary, who explained they are also working with Panamanian authorities in commercial topics.

"Even though an official date has not been set, Panama could finish the process and join Sieca in 2010", reports Prensalibre.com.

Short comings in integration of the Isthmus disappoints Europe

September 2008

Progress made by the Central American Isthmus regarding integration do no meet the expectations of the European Union.

Although they are aware that the topic depends on the will of the region's governments, they are expecting that the integration and customs union will advance at a rhythm similar to that of negotiations for the agreement of association.

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