During the first eight months of the year, the Central American country generated $600 million in sales to Eurozone countries, 4% more than reported in the same period of 2017.
According to figures from the Bank of Guatemala, the Netherlands is the destination of Guatemalan exports that showed the greatest dynamism between January and August, with sales of $235 million, an increase of 14% over what was reported in 2017.
The sale of synthetic fibers increased by 133% between November 2012 and March 2013.
Statsistics from the Central Reserve Bank (BCR) reveal that between November 2012 and March 2013, exports of synthetic fibers to Europe increased from $1.4 million to $3.4 million, which is 133%.
"In other categories, food products such as honey increased sales by 29.8%, going from $4.3 million to $5.6 million."
The Council of the European Union has approved Guatemala's application to the trade pillar of the Association Agreement with Central America.
From a press release by the Government of Panama:
The Council of the European Union met today at its headquarters in Brussels, Belgium, and confirmed the implementation of the Trade pillar of the Association Agreement between this institution and Guatemala starting December 1st.
Small and medium enterprises in the region, especially in the food sector, have great opportunities to export to the European market.
This was explained by Ingrid Figueroa, director of the Regional Center for the Promotion of MSMEs (Cenpromype), an agency of the Central American Integration System (SICA).
Aspects such as quality, standards, certifications and seals of approval are elements that European consumers evaluate before acquiring goods that are produced in the region, therefore this must be made known to the producers. "For a small company that has not met the requirements of the European market it can be a complex issue," she said.
Exports in 2012 were $488.7 million, whereas in 2011 sales totaled $158.8 million.
With the signing of the trade agreement between Central America and the European Union figures are expected to increase further. 13.5% of Panamanian exports are destined for a European country and are surpassed only by South Korea and the U.S.
With the entry into force of the Association Agreement with the EU exporters will find consumers who demand quality in products and services but at a lower price.
When negotiations began on the trade agreement in 2008, its reference point was the stability that existed at that time on the continent. However, after the economic crisis hit Europe, the outlook now is different.
The Council of the European Union has approved Costa Rica's entry into the Association Agreement between Central America and the European Union.
From a press release by the Ministry of Foreign Trade (Comex):
The European Union Council today unanimously approved Costa Rica's entry into the Association Agreement between Central America and the European Union (CAAA).
The country has fulfilled the last requirement which was pending, the registration of geographical indications, meaning that the Association Agreement could come into force in November.
The Ministry of Economy will notify on September 30 that it has complied with the ratification of the Association Agreement with the European Union and with the 60-day period required for amendments to the Law on Industrial Property related to geographical indications.
The country has resolved the differences it had with Italy, allowing the Association Agreement with the European Union to enter into force as soon as possible.
From a press release by the Ministry of Economy of El Salvador:
Today, September 23 the Finance Minister, Armando Flores and Deputy Minister of Economy, Mario Roger Hernandez, met with the Deputy Minister of Economic Development of Italy, Carlo Calenda in order to discuss the Italian opposition to the entry into force of the Association Agreement with the European Union (ADA) for El Salvador, after Italy, in July this year, did not vote for the Agreement to enter into force on 1 August 2013 for El Salvador and Costa Rica and did vote to give it to Nicaragua, Honduras and Panama.
The Trade Policy Committee of the Council of the European Union has recommended the entry into force of the agreement with Costa Rica on 1st of October.
From a press release by the Ministry of Foreign Trade (Comex):
The Trade Policy Committee of the Council of the European Union, composed of the appropriate Ministries of the Member States agreed today to recommend the entry into force for Costa Rica of the Association Agreement between Central America and the European Union (CAAA). The decision is an important step towards achieving the enforcement of this agreement from October 1.
FECAEXCA has submitted a regional strategy for the Association Agreement to be an effective tool of investment, business and employment generation.
From a press release issued by the Guatemalan Association of Exporters (Agexport):
Central American exporters meeting in the Federation of Chambers and Associations of exporters from Central America and the Dominican Republic, FECAEXCA, has delivered to its governmental and private initiative authorities a regional strategy for the Association Agreement to be an effective tool for investment, business and generating employment for regional countries.
Honduras could sell to Switzerland all of the high quality cocoa that it could produce.
The company Chocolates Halba asked Honduran producers to increase the amount of seed sown to ensure a greater presence in Europe.
"The volume of production is very low, purchase expectations are much higher. At the moment, if there were one thousand tons, then we would buy it, but we are responding to the existing supply of high quality product at the national level," said Luis Regalado, country representative of Chocolates Halba.
Despite being a major producer of canned tuna in Europe, Italians import 87,000 tonnes a year in order to meet domestic demand.
From an article by the Costa Rican Foreign Trade Promotion Office (PROCOMER):
Italy consumes a significant amount of tuna, in canned form and yellow fin and bluefin tuna, which is equivalent to about 141,000 tons per year, 2.3 kg per capita, valued at $1.47 billion.
The use of air transport for exports of tilapia, fruits, vegetables and ornamental plants grew by 15% compared those in 2012.
The continued interest of countries in Europe, in addition to the traditional markets of the U.S. and Mexico, has led to increased Honduran exports.
Miguel Sierra, an official at the airport cargo terminal Ramón Villeda Morales, said that the situation has improved external reach, as previously these products were exported by sea.
With the entry into force of the AA in August, 90% of Salvadoran products will be able to be sent to European Union countries duty free.
"What will happen is that Central America, instead of exporting to the international market, will export to Europe. It will change the export destination," said Julio Arroyo, CEO of the Asociación Azucarera.
The Elsalvador.com reports that "the challenge that lies ahead for exporters is huge, because although the doors were opened to 28 markets with over 500 million consumers, there are also requirements related to phytosanitary conditions, quality, presentation, price and promotion will become stronger, in line with the market. "