It is announced that technical groups from the governments of El Salvador and Guatemala began negotiations in London to conclude a new trade agreement.
Now, there is a possibility that the agreement the region seeks to sign with the European country will not be consolidated, since it is not yet clear how the process of Britain's exit from the European Union will be carried out, an issue that is generating great tension between the British Parliament and Prime Minister, Theresa May, at this very moment.
Guatemala, El Salvador and Honduras have yet to finalize their Customs Union, since this week a new round of negotiations began in which they will follow up on the project to implement the advance declaration.
Although in December 2018 it was reported that the El Poy integrated border post in Chalatenango, the first to have the necessary infrastructure to operate within the framework of the customs integration of the Northern Triangle, began operating in El Salvador, the unification process is currently under negotiation among the countries.
After several rounds of negotiations, El Salvador formally joined the Customs Union process with Guatemala and Honduras, so it will have to adjust its systems to the community information platform.
Authorities from the countries of the Northern Triangle reported that since November 20th, El Salvador has been fully incorporated legally and administratively into the process of Deep Integration of the Customs Union between Guatemala and Honduras.
Negotiations have started to incorporate El Salvador into the Customs Union that is already functioning, albeit partially and with some setbacks, between Guatemala and Honduras.
Internal taxes, customs procedures, migration, tariffs and sanitary and phytosanitary permits are some of the issues to be addressed in the first round of negotiations between the Salvadoran government and its Guatemalan and Honduran counterparts.
Price of a gallon of regular gasoline: Panamá $2,09, Guatemala $2,15, El Salvador $2,20, Nicaragua $2,88, Honduras $2,89, and Costa Rica, $3,75.
From a statement issued by the Ministry of Economy of El Salvador:
Variations in international prices of refined products (gasoline and diesel) over the last few weeks have influenced prices in Central America, placing El Salvador in second place in terms of lowest prices in petrol and diesel.
Price of a gallon of regular gasoline: $2.15, El Salvador $2.22, Guatemala $2.26, Nicaragua $2.93, Honduras $2.94, y Costa Rica, $3.73.
From a statement issued by the Ministry of Economy of El Salvador:
Variations in international prices of refined products (gasoline and diesel) over the last few weeks have influenced prices in Central America, allowing El Salvador to be located in first place in terms of the lowest prices of gasoline, and second place for the lowest price in diesel.
Price of a gallon of regular gasoline: Panamá $2,19, Guatemala $2,27, El Salvador $2,29, Nicaragua $2,90, Honduras $3,02, y Costa Rica, $3,74.
From a statement issued by the Ministry of Economy of El Salvador:
Variations in international prices of refined products (gasoline and diesel) over the last few weeks have influenced prices in Central America, allowing El Salvador to be located in second place in terms of the lowest prices of gasoline, and second place for the lowest price in diesel.
An agreement has been announced to create a system of refunds of the Import Duty Tariff, which is already working to ensure that the procedures in each border post are performed in a single office.
El Salvador has internally made progress on the process of customs integration with Honduras, which aims to establish a single post at the border crossing.
Price of a gallon of regular gasoline: Panamá $2,09, Guatemala $3,02, El Salvador $3,04, Honduras $3,59, Nicaragua $3,74 y Costa Rica $4,04.
From a statement issued by the Ministery of Economy of El Salvador:
In recent weeks the international prices of petroleum products recorded the following variations:+4,42% in special gasoline, +3,33% for regular gasoline and +6,50% in diesel.
Gallon of regular gasoline: Panama $2,81, El Salvador $2,98, Guatemala $3,01, Honduras $3,60, Nicaragua $3,63 and Costa Rica $4,04.
During April, the price of WTI (West Texas Intermediate) in the Gulf Coast of the United States had an average value of $51.11 per barrel, an increase of + 7.94% compared to the previous month. In recent weeks the international prices of petroleum products recorded the following variations: -2,09% in special gasoline, -1,46% for regular gasoline and -3,53% in diesel.
Gallon of regular gasoline: Panama $2.82, Guatemala $2.89, El Salvador $3, Nicaragua $3.60, Honduras $3.61 and Costa Rica $3.83.
From a statement issued by the Ministry of Economy of El Salvador (MINEC):
During March, the price of WTI (West Texas Intermediate) in the Gulf Coast of the United States had an average value of $48.67 per barrel, which is a decrease of -1.93% compared to the previous month.
Gallon of regular gasoline: Panama $2,85, El Salvador $2,87, Guatemala $3,01, Honduras $3,57, Nicaragua $3,73 and Costa Rica $3,82.
From a statement issued by the Ministry of Economy of El Salvador (MINEC):
In recent weeks the international prices of petroleum products recorded the following variations: + 5.4% in special gasoline, + 5.1% for regular gasoline and + 0.6% in diesel.
Gallon of regular gasoline: Panama $2.56, El Salvador $2.71, Guatemala $2.86, Honduras $3.40, Nicaragua and Costa Rica $3.52.
From a statement issued by the Ministry of Economy of El Salvador (MINEC):
During the month of February, the price of WTI (West Texas Intermediate) in the Gulf Coast of the United States had an average value of $49.63 per barrel, showing a variation of + 10.81% compared to the previous month.
Price of a gallon of regular gasoline: Panama $2.40, Guatemala $2.43, El Salvador $2.50, $3.20 Honduras, Nicaragua $3.23 and Costa Rica $3.51.
From a statement issued by the Ministry of Economy of El Salvador (MINEC):
During the month of January, the price of WTI (West Texas Intermediate) in the Gulf Coast of the United States had an average value of $44.78 per barrel, down 27.97% compared to the previous month.
Price of a gallon of regular gasoline: Panama $2.46, $2.56 Guatemala, El Salvador $2.58, Nicaragua $3.25, $3.28 Honduras and Costa Rica $3.84.
From a statement issued by the Ministry of Economy of El Salvador (MINEC):
During the month of December, the price of WTI (West Texas Intermediate) in the Gulf Coast of the United States had an average value of $45.45 per barrel, a decrease of -20,69% compared to the previous month.