- Delays in Central American trade
pact.
A TRADE AGREEMENT designed in part to help South American and US companies compete against cheap Chinese Imports has failed to meet its January 1 target for implementation. The Central American Free Trade Agreement (CAFTA) has been delayed by a number of factors, including opposition both within the US and ......
- REGION: VENEZUELA OFFERS PREFERENTIAL OIL DEAL TO
CENTRAL AMERICAN & CARIBBEAN NATIONS.
Venezuelan President Hugo Chavez met with representatives of ten Central American and Caribbean nations in Caracas in mid-October to sign an oil-export deal. Chavez said he hopes the pact will evolve into a Latin American political and economic confederation. On Oct. 19, representatives from Belize, Costa Rica, the Dominican Republic, ......
- In Honduras: a strong preference for U.S.
products.
The signing of DR-CAFTA (the U.S.-Dominican Republic-Central America Free Trade Agreement) opens new market possibilities for U.S. exporters in Honduras and the other signatory countries (Costa Rica, Guatemala, El Salvador, Nicaragua and the Dominican Republic). Once the agreement is ratified, more than half of current U.S. farm exports to Central ......
- WORLD TRADE ORGANIZATION RULING FAVORS REGION'S
BANANAS, PORTENDS DISASTER IN THE CARIBBEAN.
Bolstered by favorable rulings from the World Trade Organization (WTO), the region's banana producers met in Panama Nov. 15 to press the European Union (EU) to reduce tariffs designed to favor African, Caribbean, and Pacific producers in the European market. Ministers from Brazil, Colombia, Costa Rica, Ecuador, Guatemala, Honduras, and ......
- U.S.-CENTRAL AMERICA FREE TRADE
TALKS.
The U.S. and Central America will begin negotiating a decisive free trade agreement in mid-November. Trade ministers from Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua will meet U.S. trade officials in Washington in order to prepare a first round of negotiations due to be held in January 2003. Depending ......
- PANAMA, EL SALVADOR FREE TRADE.
Panama and El Salvador signed a bilateral free trade agreement, signaling a further move to more open trade in the Americas, reports Reuters (March 6, 2002). "This is of great importance for the future of both our countries," said El Salvador President Francisco Flores. "It will create jobs and help ......
- Free trade extended to Central America
After a yearlong effort, the Bush administration last December concluded negotiations for the Central American Free Trade Agreement (CAFTA) with four countries: El Salvador, Guatemala, Honduras, and Nicaragua. Costa Rica, the largest economy in the region, balked at the last moment, but is expected to join the accord, as is ......