Upon the signing of Decision No. 3 of the Free Trade Agreement between the two countries, a scheme will be established in early September to simplify the issuance of Certificates of Origin, based on current technologies.
On July 22, the Panamanian and Mexican authorities signed Decision No. 3 of the trade agreement between the two economies. The document will become effective 45 days after its signature.
The Congress approved the Association Agreement between the United Kingdom and Central America, which aims to protect trade relations between the two economies within the framework of the Brexit process.
In the Ordinary Session held on November 27, Decree 11-2019 was approved, with which the Agreement establishing an Association between the United Kingdom of Great Britain and Northern Ireland and Central America is approved, informed the Congress.
Since Congress has not yet ratified the Association Agreement, the exporters' union warns that they will lose the opportunity to sell to that European market on an equal basis with their Central American neighbors.
As part of the United Kingdom's exit from the European Union, Central American countries must ratify the Association Agreement so as not to disrupt trade relations with British companies.
The National Assembly of Panama approved in third debate the Free Trade Agreement between both countries, signed in May 2018.
Some of the results that will be achieved with the entry into force of this agreement include immediate access to the Israeli market for agricultural products such as: frozen beef and hamburger, palm oil, cassava, rum and vinegar.
The National Assembly approved in first debate the bill of the Free Trade Agreement between the State of Israel and Panama, signed in May 2018.
The Foreign Affairs Committee approved in first debate the bill of the Free Trade Agreement between the State of Israel and Panama, informed the National Assembly last October 2.
Authorities from the European country are asking the region to speed up the processes so that the Association Agreement between the United Kingdom and Central America can be ratified before October 31 this year.
Since August 23, Simon McDonald, Undersecretary of Foreign Affairs of the United Kingdom, makes a tour through Central American countries, in which he has requested that the procedures for ratifying the Agreement signed with the region be expedited.
In order to guarantee the continuity of trade relations between Costa Rica and the European country, the agreement must still be approved by the Legislative Assembly and published in the Official Newsletter before October 31st.
The Constitutional Chamber of El Salvador declared the demand of the sugar manufacturers inadmissible, arguing that there is no link between the cancellation of the FTA with Taiwan and the application of constitutional norms.
After the Salvadoran government decided to finalize the trade agreement with the Asian country in December last year, an act that was not consulted with the country's productive sector, the guild presented in February this year an appeal of unconstitutionality.
In El Salvador, the Constitutional Chamber admitted an appeal against the government's decision to terminate the trade agreement, and ordered a temporary suspension of the effects of the cancellation.
After the Salvadoran government decided to finalize the trade agreement with the Asian country in December last year, an act that was not consulted with the productive sector of the country, the union of sugarcane workers filed a lawsuit.
Not fearing free trade, lowering tariffs and facilitating business development are some of the ingredients the Chilean export model that Central America could follow.
In an interview with Elfinancierocr.com, ProChile's director, Roberto Paiva, explained that one of the main reasons behind the success of his country's foreign trade model is the high degree of trade liberalization.Not only for having reduced tariffs, but also for"... 'having negotiated trade agreements. We have agreements with Europe and much of Asia. We don't yet have Africa.This opening not only lowers tariffs but brings us closer to the market and the business'. "
Three years after being signed, the Colombian Constitutional Court has approved the bilateral agreement that liberalizes 75% of industrial products over terms of 5 to 15 years.
This was the last institutional step needed to for the FTA between Costa Rica and Colombia, as the Central American country had completed all the necessary procedures, leaving only formal communication from Colombia to Costa Rica remaining, so that the agreement will go into force 60 days later.
They argue that joining the bloc offers growth potential for commercial partners who to date represent only 4% of total exports.
Enrique Egloff, president of the Chamber of Industries of Costa Rica provided support for this with figures which show that in 2015 Costa Rica's exports to the countries in the Pacific Alliance totaled $377 million and imports $1.786 billion.