españolCentral America - Mercosur FTA: Will It Be Done?Thursday, December 5, 2019 The possibility of negotiating a free trade agreement with the trade bloc of South American countries is back on the discussion. The issue will be discussed in detail at the meeting of the Council of Ministers of Economy of the region (Comieco), to be held in El Salvador on December 5 and 6. Guatemala Confirms Agreement with United KingdomThursday, November 28, 2019 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. Construction of Overpass AwardedFriday, December 6, 2019 Grupo Muratori S.A. was awarded the contract to build in Guatemala the overpass of Route CA-01 West at kilometer 27.5, return to San Lucas Sacatepéquez. The evaluation report of the proposals of the tender "Construction of the uneven crossing of the CA-01 West Route Return to San Lucas Sacatepéquez" was published in the public procurement portal, which details that the amount awarded for this work is $2.6 million. FTA El Salvador - South Korea Applies from January 2020Friday, November 22, 2019 The Free Trade Agreement between the Asian nation and El Salvador will enter into force on January 1 of next year, and the value traded between the two economies is expected to increase in the future. After two years of negotiation, the treaty in question was signed in February 2018 by El Salvador. Agreement with United Kingdom: Tension Persists in GuatemalaTuesday, November 19, 2019 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. Credit Card Law: Progress on New ProposalWednesday, December 4, 2019 Last December 2, the new Credit Card Law proposal received a favorable opinion from the Economy Commission of the Guatemalan Congress, and now it should be discussed in the plenary session. This is the second attempt made in the country to regulate the credit card market, since on March 8, 2016 a law came into force, which was suspended weeks later, because the business chambers, card issuers and the Bank of Guatemala filed legal appeals before the Constitutional Court (CC). At the beginning of 2019 the law was definitively declared unconstitutional by the CC. Guatemala: S&P Confirms Risk RatingThursday, December 5, 2019 Arguing that continuity in economic policies is expected after the change of administration in January 2020, Standard & Poor's maintained the country's credit risk rating at BB-. From S&P report: BAC Panama and Multibank to Compete SeparatelyMonday, December 2, 2019 Although Grupo Aval S.A. de Colombia owns both financial entities, the conglomerate has decided that the two banks will compete separately in the Panamanian market. Early last month it was reported that Grupo Aval de Colombia S.A., owner of BAC Credomatic, signed an agreement to acquire Multibank Financial Group of Panama, and according to the business group, the transaction process is expected to be completed in the second quarter of 2020. Tourism Agreement between Panama and JamaicaThursday, November 14, 2019 The agreement to be signed in 2020, aims to make a strategic alliance and promote both countries in the multi-destination format. The governments of Panama and Jamaica, represented by Tourism Ministers Ivan Eskildsen and Hon Edmund Bartlett, respectively, agreed to sign a multi-destination agreement next year to strengthen tourism relations and increase tourist arrivals, according to the Panama Tourism Authority (ATP). Panama-Israel FTA in ForceMonday, November 11, 2019 On November 1, 2019, the Free Trade Agreement between the two countries entered into force, which promises to boost exports from the Panamanian agricultural sector. With this agreement, which was signed in May 2018, the country will have immediate access to the Israeli market for agricultural products such as: frozen beef and hamburger, palm oil, cassava, rum and vinegar. Seafood such as sole fish, albacore, codfish, fresh tilapia, and lobster, among others. As well as industrial products such as soap powder and paste, cement and aluminum profiles. Fiscal Transparency between Panama and FranceThursday, November 28, 2019 An agreement was signed to create a working group on fiscal and financial transparency cooperation, with the aim of removing Panama from the French list of non-cooperating countries in tax matters. The Ministry of Economy and Finance of Panama reported that the working group will contribute to strengthening cooperation, improving the exchange of fiscal information, promoting financial transparency and the fight against money laundering, focusing on finding more efficient mechanisms and practices for the exchange of information for fiscal purposes, within the framework of the provisions of the tax agreements in force between the parties, including all aspects of the process, from the preparation and sending, to the receipt and response of requests for exchange of information. Agribusiness: How to Generate More Added Value?Friday, November 29, 2019 The cultivation, processing and export of coconut and its derivatives, and the transformation of goat activity focused on the manufacture of personal care and health products, are some of the proposals for Costa Rican agriculture to generate greater added value. A study conducted by FUNDES Strategy identifies new opportunities for Costa Rica's agricultural sector. Honduras: Cable Car Feasibility StudyFriday, November 22, 2019 The SETEC-ARDANUY consortium will carry out studies to establish whether it is feasible to build an aerial cable network in Tegucigalpa. The contract was signed between the Central American Bank for Economic Integration (CABEI) and the consortium awarded for the consultancy, which will be in charge of developing the "Feasibility Studies of an Air Cable Transport Network for the Municipality of the Central District of the Republic of Honduras." Temporary Brake on Bovine Meat ImportationFriday, November 22, 2019 In Panama, the authorities ordered a temporary special agricultural safeguard measure to be applied to imports of beef other than prime and choice beef originating in the United States. The Ministry of Commerce and Industries (MICI) indicated that this special safeguard, which will be in effect until December 2019, is because imports of this product reached last October, the activation level of the measure agreed in the SPC between Panama and the United States. Guatemala Prepares to Export Livestock to MexicoThursday, November 14, 2019 The protocol allowing Guatemalan companies to sell live cattle in the neighboring country will come into effect on December 15, 2019. After the negotiation process between Mexican and Guatemalan authorities has concluded and the sanitary regulations for the entry of animals have been approved, the Central American country has the green light to start selling live cattle. |
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Tuesday, December 10, 2019 - last update: 5:13 pm
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