Central American ministers review progress on free trade

Deputy economy ministers of Central America and the Dominican Republic met in San Salvador to evaluate the region's trade agreements with other countries.

Wednesday, June 4, 2008

Central America and the Dominican Republic signed the Cafta accord with the United States in 2004, and the Central American countries are currently negotiating an association with the European Union.
Only last week, Brazilian President Luiz Inácio Lula da Silva said he would like to establish free trade between Central America and Mercosur, the trade association of Latin America's Southern Cone.



More on this topic

"Geography is destiny"

July 2010

Annual growth in trade between Central American countries from 1960 to the close of 2008 averaged 11.7%, increasing from $30 million to $6.3 billion.

"Geography is destiny,” Napoleon would often say, and Central America is a clearly a case in point. As far as trade is concerned, the region’s countries are one, and in terms of business it is essential to take this into account.

Brazilian Ethanol to US via Costa Rica

June 2009

Costa Rica will import raw alcohol from Brazil to dehydrate it and re-export it to the US with zero-tariff, in accordance with DR-CAFTA rules.

The Brazilian president's visit to Costa Rica formalized at the government level what was already in the works between businesses in both countries.

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.

Guatemala to press for accord with Mercosur

May 2008

Guatemala's Foreign Minister Haroldo Rodas said that, at the Central American summit on May 29 in El Salvador, he intends to press for a commercial agreement with the South American common market, Mercosur.

Rodas said that President Alvaro Colom and the Brazilian leader Luiz Inacio Lula da Silva recently agreed to kick-start the stalled trade talks between Central America and Mercosur.

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