Agreement on Customs Regulations

Central American representatives have approved various technical regulations for the regional customs union.

Monday, December 5, 2011

Among the regulations adopted are those relating to labeling and product registration.

Also under discussion in the meeting, was the process of Panama’s incorporation into the Central American Economic Integration Secretariat (SIEC), a requirement that Panama needs to meet in order to take part of the Association Agreement with the European Union.

Nacion.com quoted the Deputy Minister of Economy of El Salvador, Mario Hernandez, "... many regulations are pending, which means 'very complex' technical work , but it has to be done in order to 'continue working on facilitating trade and tariff harmonization' in the isthmus ... also being worked on are regulations for handling export quotas to the EU. "

More on this topic

Economy ministers study reforms to improve Central American trade

April 2008

The Board of Economic Integration Ministers of Central America met today in San Salvador to analyze reforms that would improve regional trade.

Yolanda Mayora, the Salvadorean Minister, told the news media that during the meeting they analyzed reforms to the Uniform Customs Code of Central America and its rules. They considered technological improvements to transmit commercial transactions and customs payments electronically.

Customs Union urgently needed

December 2008

Costa Rican businesses demand that regional common market be strengthened.

The business owners claim that join together 11 treaties is worthless unless their is a common market to ease the trade of products in the region and with harmonious tariffs, not to mention other needs.

Customs Union is Essential

July 2010

The cost of customs procedures adds up to 40% to the price of products traded between countries in the region.

The isthmus is the natural destination for the region’s export producers and a large part of the countries’ economic development depends on the 40 million people that inhabit Central America, forming a unified marketplace.

Central America plans unification of customs procedures for Cafta

May 2008

Central America is preparing a plan to unify customs procedures with the aim of validating common rules of origin.

The plan is to be presented shortly to US trade officials as part of Cafta, said René Salazar, El Salvador's director of Commercial Treaties.

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