Paralyzed in political terms, the integration of Central American countries continues to advance in commercial terms.
Monday, November 21, 2011
While trade between the Central American countries continues to grow, as well as regional synergy between its companies, governments have been unable in recent years to marry the process of trade integration with the necessary institutional integration.
In relation to commerce, in the first six months of 2011 sales between countries in the region increased by 21.8%.
In the governmental side, there is political weakness in the Central American Economic Integration Secretariat (SIEC), a Secretary General whose nomination is protested, and a border dispute between Costa Rica and Nicaragua, which is preventing normal relations between their respective governments.
In his column in Elfinancierocr.com, Gustavo Arias Retana analyzes the situation: "The problems facing the Central American Integration System (SICA), the economic crisis and conflicts between Central American countries has meant that the Central American integration process has made little progress in the last six years, according to The State of the Region 2011. A truth reflected in the meetings between American presidents which declined from 15 in 2005 to three in 2010. "
Arias Retana highlights the view taken by Luis Guillermo Solis, "Integration increases the stability of nations politically and economically, a fact that should matter more to the country's leaders."
An agreement has been announced which will allow Salvadoran and Panamanian investors to buy securities on the stock exchange of the other country without them being registered in both markets.
The stock exchange authorities announced that the agreement implies that each recognizes the other's jurisdiction, allowing a "...
Advantage must be taken of the opportunities offered by local markets, and of the importance of endorsing policies and regional negotiation standards.
Eduardo Rodríguez, Director General of PiPCA (Central American Integral Price Provider), in the blog "Integrated Securities Markets" in Capitales.com, analyzed the opportunity for access to local capital due to the restriction in international credit and its related benefits.
The Treaty on payment systems in Central America and the Dominican Republic.
1. Introduction: Central American Integration
From the start of their independent lives, Central American countries have sought to travel together on the road of development, remaining conscious of their common origin, objectives and destination.
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7265Government Procurement Opportunities in the region