Nicaragua Removes VAT from Central American ProductsMonday, January 14, 2013 A Nicaraguan business leader announced that its government will maintain equal tax treatment for products imported from countries in the region. The affected Central American employers expect the Nicaraguan government to sign the rectifying documents as soon as possible so that the Directorate General of Customs can stop collecting the tax from today. Nicaragua and El Salvador to join Customs UnionTuesday, July 25, 2017 The governments of Nicaragua and El Salvador have started the observation process, a step in the process to join the Customs Union which is already in effect between Guatemala and Honduras. The process starts with the incorporation of representatives from the Nicaraguan and Salvadoran governments as observers in the meetings between Guatemala and Honduras. Nicaraguans Investors After CITI's Consumer Banking BusinessThursday, October 16, 2014 Local financial groups are interested in negotiating with the U.S. company in order to acquire the consumer banking operation in Nicaragua. The consumer banking business that will be left behind by Citigroup could return to the hands of Central American companies, as some have expressed interest in acquiring the operation in Nicaragua, although it is not yet known who the interested parties are. The Region Analyzes Nicaraguan Beef Tariff BarriersThursday, May 19, 2011 Tariff barriers imposed by Honduras and Guatemala on meat from Nicaragua are being discussed at ministerial level in countries of the region. Aguerri Adam Joseph, president of the Superior Council of Private Enterprise (COSEP) reported that at the last meeting of the Consultative Committee for Economic Integration the issue was discussed and agreement was settlement on at ministerial level. Crisis in Nicaragua: National Strike AnnouncedWednesday, June 13, 2018 In response to the rupture of the dialogue on the part of the Ortega administration, companies and citizen organizations have called for a national strike on Thursday, June 14. Demanding the cessation of repression by the Government and the resumption of the National Dialogue, social and business organizations, called for a general strike to take place tomorrow. A Gas Pipeline from Mexico to PanamaThursday, May 2, 2013 Central American entrepreneurs will propose to Barack Obama the revival of a project conceived in 1996 by the Regional Energy Forum of Central America. The aim of this initiative is to lower energy costs and increase production through this route. According to Joseph Adam Aguerri, president of the Superior Council of Private Enterprise of Nicaragua (Cosep), at the meeting of the Central American Integration System which will involve Obama, entrepreneurs will propose the project in order to make the region more competitive . Single Declaration Form for Central American CustomsThursday, May 2, 2013 Preparations are being made for a single form that will streamline customs trade ahead of the entry into force of the Association Agreement between Central America and the European Union. According to the president of the Superior Council of Private Enterprise (Cosep), Joseph Adam Aguerri, already working on this issue are the Central American Integration System (SICA), and the Secretariat of Central American Economic Integration (SIEC). Nicaragua: Entrepreneurs Want to Resume Negotiations with EUTuesday, April 7, 2009 COSEP asked the government of Nicaragua to return to the talks for the association agreement with Europe, which they asked to be more flexible in negotiations. The chairman of the Higher Council of Private Enterprise (COSEP), José Adán Aguirre, said that Nicaragua should be in the negotiations, that is why he urged the government to participate in the meeting to be held in Brussels next April 23 and 24. TPL Needed for Central American Textile CompaniesFriday, November 21, 2014 Nicaraguan businessmen have proposed that Central America as a whole operates a preferential tariff treatment in the US for imports of textiles in the region. After trying to negotiate, through several formats, tariff preference levels (TPL), so far unsuccessfully, textile entrepreneurs are now appealing to the union of the region to address the issue with the US once again. Summit of Central American Business and Political LeadersFriday, June 6, 2014 On June 27, business leaders from the region will present their proposals to the presidents for improving and eliminating barriers to intraregional trade. In the meeting with the presidents from the region scheduled for June 27 in the Dominican Republic, guilds that make up the Federation of Private Entities of Central America, Panama and the Dominican Republic (FEDEPRICAP), will describe once again the obstacles that currently limit the competitiveness of Central American companies. Customs Still a ProblemWednesday, February 29, 2012 Instead of being reduced, bureaucracy at the Central American borders is becoming increasingly burdensome, complicating and making intra regional trade more expensive. Constant delays which increase transportation costs, lack of progress in the streamlining of customs procedures and a perceived stagnation of the customs and economic integration project are the most pressing problems observed by business associations in Central America. C.A. Entrepreneurs Urge to Accelerate IntegrationTuesday, December 14, 2010 Seasoned in negotiations with Europe, Central American employers are demanding to political sectors to accelerate the process for the economic integration of the isthmus. 50 years after the signing of the General Treaty of Central American Integration, over 40 million people living in the region still do not enjoy the economic benefits and development opportunities that could effectively be consolidated if Central America would act as a single economic unit, much like the European Union. EU-CAAA Evaluation in NicaraguaMonday, May 31, 2010 The Association Agreement between Central America and the European Union is “historical”, stated José Adán Aguerri, president of COSEP, the Superior Council of the Private Enterprise. According to him, Nicaragua gets many benefits from the agreement, including assuring some key beneficial tariff conditions when exporting to Europe, which include zero tariffs for all its agricultural goods and 99% of the country’s industrial production. Sugar Quotas are Responsibility of Central AmericaThursday, September 5, 2013 The European Union will not mediate in the distribution between the Central American countries of the sugar quota of 60,000 tonnes allocated to the region. "The European Union will only check the total regional quota has been reached and will not intervene in how it is distributed among the five Central American countries. The distribution and quota management is an internal matter for the Central American region," said Klara Klanska, commercial counselor of the EU to Central America. Regional Freight StrikeMonday, July 15, 2013 The Central Council of Transport has announced a three-day strike in protest against El Salvador levying a tax on freight carriers of between $35 and $250. Laprensa.com.ni reports that "the measure will affect all regional trade, because the rest of the international freight carriers from the isthmus will join the strike 'in solidarity' in order to send a message to other governments who have created new taxes on trade merchandise ... ". |
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