Strengthening trade between the US and the region, fighting corruption in the Northern Triangle and reducing illegal migration flows, are some of the axes on which Joe Biden, the US president who has been sworn in, is expected to focus.
Biden, representative of the Democratic Party and winner of the last US elections, whose results were close, arrives at the White House to replace Donald Trump.
The next U.S. president is not yet known, but in the region it is expected that in an eventual new Trump administration, the focus will be on the recovery of the U.S. economy, while an eventual Biden administration would focus on countering corruption and illegal migration.
Two days after Election Day took place, the United States is experiencing an atmosphere of tension and uncertainty, since because the results are closed, neither candidate can yet be declared the winner.
In the context of the tense diplomatic and commercial relationship between the two world powers, Central American countries could have the opportunity to attract new investments, as it is estimated that some American companies would need to migrate their operations to the American continent.
As a result of the tension between the two nations, Mauricio Claver-Carone, an advisor to President Trump, believes that U.S.
Guatemalan exporters report that President Trump's warning about export tariffs and taxes on remittances and transfers is raising doubts among U.S. buyers.
Uncertainty prevails among most Guatemalan businessmen after President Trump reacted to the provisional protection established by the Guatemalan Constitutional Court, which limits the functions of the Executive Branch to negotiate or sign any foreign policy agreement.
The US president is already putting into practice his premise "America First", which leads Central America to anticipate negative changes in the flow of remittances from that country.
From a statement issued by the Central Institute for Fiscal Studies (Icefi):
Icefi recommends changing the economic and fiscal model in Central America in light of possible adoption of radical US policies.
This is good news for Central American textile manufacturers. We will have to wait and see what other protectionist measures will be implemented by President Trump.
The possibility that the United States buys textiles from Vietnam at lower prices than those paid by textile manufacturers in Central America seems to have now disappeared, however, in order to measure the true impact of the Trump protectionist policy on trade between US business and the region we will have to wait to see what other decisions on international trade deals are take by the new administration.
The attendance of the president of the rebellious Chinese island to the inauguration of President Ortega and visits to the countries of northern Central America could have profound geopolitical significance.
EDITORIAL
It is not only the importance of Taiwan for Central Americans in terms of trade and financial assistance to governments in the area.The visit of President Tsai Ing-wen could be related to the turmoil of the global political status quo that will surely arise with the new US government
Central Americans and other Latin Americans are feeling more concerned about what Trump can say or do, than over the only thing that can really change the fate of poverty in the region, which is education.
EDITORIAL
The recently published results of the PISA tests confirm that in the best case, these countries maintain positions midway down the table of global results, and in the worst case have fallen in the objective measurement of quality of the most important resource for economic and social development, people and their cognitive abilities.
If the United States withdraws from the Transpacific Agreement, there will be less risk of competition from Asian countries for the Central American textile industry.
If the US does eventually abandon the Trans-Pacific Partnership Agreement (TPP), as promised by President-elect Donald Trump, the Central American textile industry could benefit from the elimination of the possibility that the US, its main market, will buy textiles from Vietnam at lower prices.Since the start of negotiations for the TPP, the Central American textile industry has tried to negotiate bilaterally with the US in order to minimize the negative effects that the TPP could have on the industry in the region.
The choice of Donald Trump as the 45th President of the United States is another clear example of how the deterioration of liberal democracies enlightens the way for the emergence of authoritarian leaders.
EDITORIAL
(Both the article by Kevin Casas on Nacion.com as well as this editorial prologue on CentralAmericaData.com were written one day before the presidential election in the United States, when the prognosis was that Hillary Clinton had a more than 80% chance of win the election.)
For having wrongfully terminated the management company of the building, Donald Trump is claiming $75 million from the condominium owners in Panama.
CBS News reported that the suit was filed by Donald Trump confidentially with the International Chamber of Commerce, based in Paris. The argument behind the claim is that the owners of the condominium Trump Ocean Tower prepared a "...
A real estate company has filed a lawsuit against the developer for breach of contract.
The delicate situation faced by Newland International Properties Corp., developer of the Trump Ocean Club International Hotel & Tower complex, has been further complicated by a lawsuit filed by a customer, which adds to three other lawsuits filed by other five clients.
Holders of bonds issued by Newland International Properties Corp. are willing to become partners in the project because the developer does not have the necessary capital for the next repayment.
On November 15, Newland International Properties Corp., developer of Trump Ocean Club International Hotel & Tower, is due to pay $31 million in amortization of capital to holders of bonds issued to finance the Trump Ocean Club.
A proposal has been presented to the bondholders to extend the term of the debt.
$220 million in bonds issued in 2007 to build a luxury apartment building called Trump Ocean Club, owned by tycoon Donald Trump, will be restructured before the next payment of debt, which is due on November 15.
This is the date when Newland International Properties Corp.
The structure of 284 meters, the highest in Latin America, was inaugurated on Wednesday in the presence of Donald Trump and President Ricardo Martinelli.
The Trump Ocean Club building required an investment of $430 million, and has a hotel, residential apartments, a 4,200 square meter convention center of, a spa, marina and a private beach island.
The development is the Trump Group's first project outside of the United States, and employs around 1,000 people.
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