During the eleven months that will pass between the beginning of the exit process from the European Union and the entry into force of the association agreement with Central America, trade relations with the United Kingdom will follow the same rules that have been in place until now.
In July 2019, the negotiations of the Association Agreement with the United Kingdom were completed, which contains the mechanism to address the preferential trade relations regulated between both parties, after the process of leaving the European Union, known as BREXIT, is completed.
Up to October 2019, sales abroad totaled $611 million, exceeding by 5% the amount reported for the same period in 2018.
The most recent figures of the General Comptroller of the Republic, detail that between January and October 2018 and the same period in 2019 exports reported a rise, going from $584 million to $611 million.
Since January 1, 2020, Nicaraguan authorities have been charging $25 for the electronic processing of the Single Central American Transit Declaration, a cost that exceeds by 233% what was paid until the end of 2019.
Until December 31 last year, the General Directorate of Customs Services (DGA) charged $7.5 for the Single Central American Declaration in Transit (DUCA), but with the new provision of the authorities, the cost increased by $17.5 for 2020.
From January to November 2019, the country's oil bill reached $1.379 billion, 10% less than the amount reported for the same period in 2018.
In terms of volume, imports of petroleum products increased by 76.8 million kilograms, representing a 3.2% increase, reported the Central Reserve Bank (BCR).
The BCR report states that "... The structure of the oil bill is composed mainly of gasoline (US$426.4 million), diesel (US$387.1 million), liquefied gases and propane (US$207.2 million) and fuel oil (Bunker C) with US$156.1 million. Greases and lubricating oils were imported for US$65.4 million.
The Mocalempa customs and immigration control post in the Honduran province of Lempira began operating.
In order to make it easier for customs users to pay taxes and combat smuggling, the Government of the Republic, through the Presidential Commission for Comprehensive Reform of the Customs System and Trade Operators (Coprisao), today opened Customs Mocalempa, in the Mancomunidad Mapulaca, south of the department of Lempira, border between El Salvador and Honduras, informed the Presidency of Honduras.
From January to October 2019, Honduras' foreign sales totaled $3,502 million, 4.8% less than in the same period of 2018.
The drop-in exports derives from the decline in shipments abroad of goods such as coffee, bananas, palm oil and zinc, which were affected in part by lower international prices.
Between January and October 2019, imports of Capital Goods reached $2.853 billion, 5% higher than reported in the same period of 2018.
Total imports reached $16.582 million, $124 million (0.8%) higher than October 2018 ($16.458 million). The increase in imports was mainly influenced by the positive variation observed in Non-Durable Consumer Goods with a $148 million (5.1%) increase as well as in Capital Goods for Industry with a $117.1 million (5.4%) increase, informed the Banco de Guatemala.
In a context of economic recession, Nicaraguan exports have recorded good performance, as to November 2019 revenues totaled $2,536 million, 4% higher than reported in the same period of 2018.
Figures from the Centro de Tramites de Exportaciones (Cetrex) detail that between January and November 2018 and the same period in 2019, foreign sales increased by $89 million, going from $2,447 million to $2,536 million.
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.
Along with the possibility of investing $350 million in the construction of new facilities in the Puerto Caldera, in Costa Rica, comes the promise of more competitive maritime service rates.
The interest in developing the terminal expansion project has been expressed by SPC, the current concessionaire of the Costa Rican Pacific maritime terminal, and by DP World, the UAE state port company, companies that would invest in the construction of 800 meters of berthing area at a depth of 16 meters.
During September, sales abroad in the Dominican Republic reached $969 million, 6.5% higher than in the same month of 2018.
According to data from the Centro de Exportación e Inversión de Republica Dominicana (CEI-RD), between September 2018 and the same month in 2019, exports increased by $59 million, from $910 million to $969 million.
Consistent with the behavior recorded since the beginning of the year, from January to September 2019 Honduran companies sold abroad $3.247 million, 7% less than reported in the same period of 2018.
As a result of the operations carried out by the Superintendence of Tax Administration to stop smuggling, in recent days there have been two attacks on the customs area of Tecún Umán I, on the border between Guatemala and Mexico.
According to information provided by the Guatemalan authorities, on November 13 and 17, groups of alleged smugglers attacked the customs of Tecún Umán I in San Marcos, because in the operations deployed by the tax authority, merchandise was seized that was not declared upon entry into the country.
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.
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