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.
Since the entry into force in 2006 of the DR-CAFTA, the tip in favor of the U.S. in the trade balance has multiplied by 5.
"The Central America to which President Barack Obama is coming to visit on on Friday is a region that maintains multiple communication vessels with the United States, including a growing trade relationship which in 2012 amounted to $40 billion, although very much in favor of the American power," reported Prensa.com.
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.
Representatives from the US, CA and the Dominican Republic met in Santo Domingo to analyze the need for technical assitance for the signed in CAFTA-DR 2004.
The director of Foreign Trade and Administration of the Treaty from the Dominican Ministry of Industry and Trade, Pablo Amaury Espinal, said that one of the objectives of the meeting is for the Committee for the Strengthening of the Commercial Capacity of the FTA to present an operational plan in 2009 that will allow the signatory countries to the agreement to access more resources.
Deputy economy ministers of Central America and the Dominican Republic met in San Salvador to evaluate the region's trade agreements with other countries.
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.