españolDouble Taxation: Agreement between Costa Rica and MexicoWednesday, May 15, 2019 Since April 21, the agreement that avoids double taxation and mitigates its effects has been in force, as well as helping to eliminate barriers to trade and prevent tax evasion. On March 21, Law 9644 was published in La Gaceta, corresponding to the agreement between the Republic of Costa Rica and the United Mexican States, which avoids the double taxation of income and wealth taxes.
MARKET STUDY
Paper and Cardboard: Business up 2%Thursday, May 16, 2019 In the first nine months of 2018, imports of paper and cardboard in Central America totaled $1.806 million, recording a 2% increase over the same period in 2017. Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics]
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Fridges: Imports go down 12%Wednesday, May 15, 2019 Between January and September 2018, companies in Central America imported $291 million in fridges and freezers, 12% less than in the same period last year. In the first nine months of 2018, Central American countries imported $291 million in fridges and freezers, and 42% was purchased by companies in Guatemala and Costa Rica.
MARKET STUDY
Radio Communication: Purchases Up 12%Monday, May 13, 2019 In the first nine months of 2018, countries in the region imported $100 million in communications radios, 12% more than what was purchased in the same period in 2017. Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics] Panama: The Most Dynamic EconomyMonday, May 13, 2019 According to the IMF, the Central American country has been the most dynamic economy in Latin America in the last three decades, reaching one of the highest per capita incomes in the region. A report published by the International Monetary Fund (IMF), and signed by Alejandro Santos, Panama's mission chief, and Metodij Hadzi-Vaskov, chief economist in the Western Hemisphere Department, explains that the country's growth is important, since the economy has grown at around 6% per year for a quarter of a century, well above other countries with traditionally strong growth such as Chile, the Dominican Republic and Peru, as well as twice the growth rate of Latin America as a whole. Benefits of a Unified FTA Mexico - Central AmericaTuesday, January 17, 2012 Central American countries will be able to access the Regional Integration Committee of Supplies, to supply raw materials for the development of Mexican goods, especially textiles. After three years of negotiations, the Unified Free Trade Agreement between Mexico and Central America was signed on November 22nd 2011. Mexico aims to unify trade accords with Central AmericaTuesday, July 1, 2008 Mexico aims to unify its three existing trade accords with Central America, Eduardo Sojo, the Mexican economy minister, announced. Mexico has long-standing free trade accords with Nicaragua and Costa Rica, as well as a third – with Guatemala, Honduras and El Salvador – that dates from 2001. Guatemala Renegotiates FTA with MexicoTuesday, January 19, 2010 The country will renegotiate better market access for some products which were not given tariff benefits. According to the Guatemalan Economy Ministry, these products are sugar, coffee, banana, tobacco and tuna. Recycling: A Business with Future PotentialThursday, May 9, 2019 For the industrial sector of the Dominican Republic, plastic recycling is an activity that attracts investments and favors business alliances in the country. Representatives of the Association of Industries of the Dominican Republic (AIRD) reported that two initiatives on the subject are being promoted, one being the formation by the AIRD of an organization among all the industries using PET containers in the Dominican Republic to organize collection centers and jointly valorize these products in order for them to be recovered and recycled, generate new jobs and contribute both to the sustainability of the industries and to environmental sustainability.
MARKET STUDY
Fruit Juices: $100 Million in ImportsTuesday, May 7, 2019 During the first nine months of 2018, Central American companies imported $101 million worth of fruit and vegetable juices, and 45% of the total was bought by companies in Panama and Honduras. Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics] How to Take Better Advantage of the Mexico - Guatemala FTAFriday, November 24, 2017 Lack of knowledge of the scope and characteristics of the commercial agreement has been attributed to the little use given to it in Guatemala, especially by small and medium-sized enterprises. Norberto Amador, commercial counselor for Central America at ProMéxico, told Elperiodico.com.gt that "...Guatemala is Mexico's main trading partner, but it has not yet taken advantage of the agreement, as many small and medium-sized companies have no knowledge of what they can trade through the FTA." Mexico Includes Sugar and Banana in FTA with CAThursday, October 28, 2010 Mexico could allow privileges to those products in connection with the unification of the FTA. In return, it requested access to CA of its dairy products, cars, avocado, steel and white corn. Second Round of Unified FTA with MexicoTuesday, August 10, 2010 Yesterday the second round of negotiations began to unify the various agreements Central American countries have signed with Mexico. The objective is to unify the different agreements signed by Nicaragua, Costa Rica and the "Northern Triangle" (Guatemala, Honduras and El Salvador) into one single Free Trade Agreement (FTA). IMF with Positive Outlook for GuatemalaTuesday, May 7, 2019 For the entity, "growth has been accelerating since mid-2018 after three years of weak performance," and a variation of 3.4% of GDP is expected for 2019. Backed by a positive fiscal boost, the recovery of exports after last year's decline resulting from a deterioration in the terms of trade, and the dynamism of private investment. Growth would peak at 3.7% in 2021, before converging towards the potential rate of 3.5% by 2024, the International Monetary Fund reported after its last visit to the country. Costa Rica Approves Trade Agreement with MexicoWednesday, February 27, 2013 The Legislature approved the Free Trade Agreement between Mexico and the Republics of Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua. A statement by the Legislature: Del comunicado de la Asamblea Legislativa: |
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Tuesday, May 21, 2019 - last update: Monday, 7:36 pm
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