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. capital, which currently generates thousands of jobs in China, will turn south of the U.S. borders.
After several days of tension generated by the restrictions imposed by Costa Rica on the transport of cargo from neighboring countries, Central American authorities reached an agreement and opened the way at the border of Penas Blancas.
After Costa Rica imposed several restrictions on the movement of cargo entering its territory, the Panamanian government limited the permit for Costa Rican carriers to remain in the country to 72 hours.
After the Costa Rican government decided to impose several restrictions on heavy transport units entering its territory, the Honduran government decided to grant Costa Rican pilots only 72 hours in the country.
Since El Salvador, Costa Rica and Panama have set a 72-hour time limit for freight drivers operating in the region, hundreds of units have decided to halt their operations as a measure of pressure.
Due to the health crisis resulting from the covid-19 outbreak, Salvadoran, Costa Rican and Panamanian authorities decided that the drivers of the cargo transport units entering the country will have only 72 hours to make the formalities at the borders, and to unload and reload the goods from the vehicles.
After the first case of covid-19 was reported in the country, the private sector is asking authorities to close the borders partially or completely and to have people entering the nation examined and quarantined if necessary.
Jose Adan Aguerri, president of the Superior Council of Private Enterprise (COSEP), explained that among the measures taken by the companies for this emergency is the creation of a critical department so that the companies that the staff is working in three different places in case any of them is affected, have guns to measure the temperature of customers who come to the company and not allow them to enter with fever.
During the first two months of the year, the country's foreign sales totaled $1,015 million, 7% more than the amount reported for the same period in 2019, a rise that is largely explained by the behavior of manufacturing industry exports.
The manufacturing industry, including maquila, exported $974.9 million with a 6.1% annual growth, equivalent to $56.4 million more compared to the same period in 2019, reported the Central Bank.
During the first two months of the year, the country's sales abroad amounted to $519 million, 15% more than the same period in 2019, a rise that is explained by the increase in international prices.
Figures from the Center for Export Procedures (Cetrex) detail that between the first two months of 2019 and the same period of 2020, exports increased by $68 million, from $450 million to $519 million.
Local authorities announced that as of March 7, cargo vehicles traveling through the country from Costa Rica will no longer pay $50 at Nicaraguan customs.
Because the current legal framework is ineffective, Guatemalan entrepreneurs in the food sector are asking the government to draft a new law that would criminalize smuggling and also consider it a matter of national security.
Directives of the Guatemalan Chamber of Food and Beverages (CGAB) assure that the current Decree 58-90 "Law Against Fraud and Contraband" is obsolete and does not allow for direct and frontal combat against contraband.
During 2019, purchases abroad totaled Ch$12,836 million, which is 3% less than the amount reported in the previous year.
The General Comptroller's Office reported that between 2018 and 2019 foreign purchases in the country decreased by $396 million, from $13,233 million to $12,836 million.
For the periods in question, imports of intermediate goods reported a decrease, in this case it was 4.5%, from $3,311 million in 2018 to $3,161 million in 2019.
During 2019, general merchandise exports totaled Ch$4.16 billion, 2.7% less than reported in 2018, a decrease that is explained by the reduction in coffee, banana and zinc sales.
Agro-industrial activity reported exports of $2,170.9 million, $142.9 million less than in 2018, mainly because of the decline in coffee exports by $168.5 million (15.1%), this result is associated with increased global supply of the grain, reported the Central Bank of Honduras (BCH).
During January, Salvadoran manufacturing exports totaled $492 million, an amount 4.9% higher than that reported for the same month in 2019.
Exports from El Salvador in January 2020 totaled $509.8 million, $26.5 million more than in January 2019, with a 5.5% year-on-year growth, while in terms of volume it grew 23.7%, reported the Central Reserve Bank.
During 2019, the global amount of exports reached Ch$11,184 million, with clothing, bananas, coffee, sugar and cardamom being the main products sold abroad.
The total amount of General Trade exports was of Ch$11,184 million, higher by Ch$214 million (2%) than that recorded in 2018 (Ch$10,970 million).
During 2019, sales abroad totaled $713 million, exceeding the amount reported in the previous year by 6%.
Data from the General Comptroller of the Republic, detail that between 2018 and 2019 exports reported $41 million increase, from $672 million to $713 million.
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