Eight countries will receive training from Korea and will share their experiences. They are seeking to simplify public intervention formalities and make these more transparent.
The upgrading project includes technological development, digitization, infrastructure work, and new trade policy measures.
A meeting of high-level government officials ended with an exchange of opinions with a view preparing a regional agenda for achieving the Sustainable Development Goals.
The two countries are still holding working meetings with a view to reaching trade agreements that will cover issues that include the space industry.
Some 20 years after the agreement entered into force, the two countries have reformulated parts of it and added two new sections, one of which focuses on gender.
The joining of the two countries’ trade borders marks the creation of the first customs territory in the Americas.
The main focus is on SMEs, which seek to export products with value added.
Representatives from the two blocs reiterated the importance of expanding ties with foreign partners.
Data mining determines the behavior pattern of companies that might be evading taxes.
The full implementation of the project will bring about an additional 1% annual growth in GDP.
The third round of negotiations for the modernization of the free trade agreement between Mexico and the European Union has concluded.
Companies say there will be new investments and a major opening up of the labor market.
This initiative is part of the Central American Trade Facilitation and Competitiveness Strategy (EFCC) and is supported by the European Union.
The country follows Nicaragua as temporary leader of the regional bloc.
The two countries opened a new border crossing as part of their intention to form a customs union
The project will be a source of employment in the region once the anticipated investments materialize
The agreement is expected to be made official in the coming months.
The two countries have continued the trade negotiations they began at the end of 2015 around tariff expansions within their bilateral agreement.
Government officials announced that binational cabinet meetings would be held with the governments of Ecuador, Colombia, Bolivia in order to tackle border integration issues.
Mexico’s SIEPAC Interconnection Commission met for the first time since being established.
Short-distance routes for increased integration in Mesoamerica.
Representatives from the two governments put forward an instrument to promote economic activity.
The legislation forms part of the international trade commitments the country has adopted.
The news was announced at the 11th Summit of the Pacific Alliance, which included a consolidation of international relations and a review of the progress this regional integration mechanism has made.
Costa Rica and China Consolidate Their Strategic Alliance
The US Congress has passed a new incentive for the Alliance for Prosperity plan for Honduras, Guatemala, and El Salvador, consisting of an additional US$750 million for 2017
Government officials from Mexico and Brazil met with the aim of expanding their Economic Complementarity Agreement (ECA)
The two organizations have signed an agreement that seeks to make a significant positive impact on the cost, time, and forecasting of traffic through border crossings in the short term.
The two countries are seeking to consolidate a single customs area that covers 44% of the total area of Central America so as to create a more attractive market for local, regional, and foreign investors.
The signing of the Agreement on Reciprocal Promotion and Protection of Investments demonstrates the countries’ interest in expanding bilateral economic relations.
High-ranking dignitaries consolidate the ties formalized in 2013.
Countries in the region are seeking to advocate a rational use of energy so as to meet the Sustainable Development Goals.
At a forum on new energies, members of the business community and government officials from the two countries exchanged ideas on renewable energies.
Delegations from the two countries reasserted their visions for areas such as human rights and international law and stressed that they had long been allies within both the western hemisphere and the international arena as a whole.
Panama’s Minister of Commerce and Industry has announced that, after a third round of negotiations, a free trade agreement (FTA) between Central America and the Republic of Korea will soon be signed.
On February 4, 2016, Panama raised its complaint against the tariff measures imposed by Colombia before a World Trade Organization (WTO) arbitration panel in Geneva.
The European Union seeks to expand its commercial influence in Latin America on the basis of greater penetration into the Mexican market.
The government of the Dominican Republic announced that it is making progress towards the eventual elimination of tariffs on agricultural products, as part of the commitments taken on in its agreement with Central America.
During President Enrique Peña Nieto’s visit to Dubai on January 18, 2016, 13 bilateral cooperation agreements and memoranda of understanding were signed.
Costa Rica has decided to leave the political body of the bloc over its differences with the other members in relation to the Cuban migrant crisis.
Central America has an active trade negotiation agenda, in the framework of which the second round of discussions for an FTA with Korea took place.
By unifying customs facilities at the main border crossing between Guatemala and Honduras, the two countries began the process of creating the first customs union in Latin America.
The process for the accession of Costa Rica to the Organization for Economic Co-operation and Development, which already counts Mexico and Chile among its members, has been set in motion.
El Salvador and Honduras seek to seal an FTA with Taiwan; Panama has concluded negotiations with Israel.
The COMIECO adopted a regional trade facilitation strategy and Panama ratified the WTO agreement on the subject.
Central America and Korea carried out the first round of negotiations over a bilateral free trade agreement.