MARKET STUDY
Pharmaceuticals: How do Markets Behave?Tuesday, December 1, 2020 Nicaragua, Costa Rica and Guatemala are the Central American markets that during the first half of 2020 and in year-on-year terms, increased their imports of pharmaceutical products. Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"] Banana Price Faces Downward PressureThursday, November 12, 2020 Since 2018, the price of the banana box that Costa Rican producers sell to the German supermarket chain ALDI is falling, there is concern that other European chains will begin to negotiate lower prices. Representatives of the National Banana Corporation of Costa Rica (Corbana) explained that in 2018 the 18.14 kilo banana box sold to ALDI was quoted at 13.55 Euros. However, in 2019 and 2020 the amount paid for the fruit was reduced, and by 2021 a price of 11.33 euros has been set, which is equivalent to a -16% variation with respect to what was charged in 2018. Switzerland Will Not Close Embassy in GuatemalaWednesday, April 17, 2013 The National Council of Switzerland has ratified the refusal to close the embassy in Guatemala as was previously proposed by the Government of that country. "The ongoing negotiations between Switzerland and Central America to reach a free trade agreement or the situation regarding human rights in Guatemala were the main arguments against the closure of the embassy in Guatemala City", noted an article Siglo21.com.gt. Business Opportunities in SwitzerlandWednesday, August 8, 2012 The Costa Rica Foreign Trade Promotion Office has presented a study on the Swiss market, with the opportunities available for Costa Rican exports. The findings of the mapping of the Swiss market by PROCOMER are applicable to all Central American countries, with appropriate adjustments according to the exportable supply of each. Switzerland Bans Products Treated with EthephonWednesday, August 6, 2014 The Federal Office of Agriculture has banned the use of the ripening accelerator ethephon in foods sold in the country. From a statement issued by the Foreign Trade Promotion Office (Procomer): Honduras and Guatemala Suspend EFTA NegotiationsThursday, June 27, 2013 The apparent impossibility of reaching agreements with Switzerland on agriculture and exclusions at the industry level, has stalled negotiations for a FTA with the European Free Trade Association. Melvin Redondo, Undersecretary of Foreign Trade, confirmed that Honduras and Guatemala have halted negotiations with the European Free Trade Association (EFTA), comprising of Switzerland, Iceland, Liechtenstein and Norway.
MARKET STUDY
Pharmaceuticals: $825 Million in BusinessTuesday, August 25, 2020 From January to March 2020, pharmaceutical product imports in Central America totaled $825 million, with Costa Rica and Guatemala being the markets where purchases increased the most. Figures from CentralAmericaData's Commercial Intelligence Unit: [GRAFICA caption="Click to interact with graphic"] Trade Agreement Between EFTA, Panama and Costa RicaFriday, August 15, 2014 On August 19th the agreement with Norway will come into effect, on the 29th with Liechtenstein and Switzerland and finally with Iceland on September 5th. From a statement issued by the Information System of Foreign Trade of the Organization of American States: Costa Rica - European Association FTA ApprovedWednesday, February 26, 2014 The Legislature has approved a Free Trade Agreement with the group made up of Iceland, Liechtenstein, Norway and Switzerland. "The initiative states that another important aspect of the plan is that the EFTA countries are among the most developed in the world, as they have a high per capita income averaging $47,800 per year." Designation of Origin Colombia Coffee RecognizedThursday, May 30, 2013 The seal which refers to Colombian beans became the first denomination of foreign origin to be accepted in Switzerland. The certification process lasted five years, but from now on the Confederation will protect the coffee from this country as a unique product in the world. Panama To Negotiate New FTAsFriday, September 25, 2009 Authorities announced their intent of negotiating FTAs with Norway, Iceland, Switzerland, and the Principality of Liechtenstein. These potential new Free Trade Agreements are good news for the Association of Panamanian Exporters. Their president, Máximo Gallardo, argues that this could be their way of entering the European market. Guatemala Without Swiss and Dutch EmbassiesThursday, August 9, 2012 Both countries, as part of their plans to re-structure their diplomatic network, have announced the closure of offices in Guatemala. In the case of the Netherlands, from July 2013 the embassy site will be moved to Costa Rica from where it will attend to the whole region. In Guatemala, an Honorary Consulate General will be established. $10 Million for Small- and Medium-Sized Honduran BusinessesTuesday, February 24, 2009 The project “Pymerural” will give support to seven thousand small- and medium-sized businesses (PYMES, initials in Spanish) from rural areas. La Tribuna, on its website, publishes: "The project is supported with funds contributed by the government of Switzerland and will cover ten departments throughout the country, with different areas of aggregate value and with agricultural and non-agricultural products from the rural areas of Honduras." Guatemala and Opportunities from EFTAMonday, August 10, 2015 Honey, flowers, coffee, textiles and tropical fruit are among the products that can take advantage of the tariff conditions of the trade agreement with Switzerland, Norway, Liechtenstein and Iceland. The free trade agreement with EFTA, comprising Switzerland, Norway, Liechtenstein and Iceland opens the doors to four countries with high purchasing power and complementary conditions in Guatemala in the production and marketing of certain products. FTA between Guatemala and EFTA RatifiedThursday, February 27, 2020 The Guatemalan Congress ratified the protocol of accession of Guatemala to the European Free Trade Association, formed by Switzerland, Norway, Iceland and Liechtenstein. This trade agreement is a complementary instrument for Guatemalan products such as vegetables, fruits, flowers, ornamental plants, honey, spices, oils, fish and differentiated products to have easier access to Europe. |
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