Honduras Negotiates an FTA with Brazil

The countries have begun talks on a free trade agreement (FTA), said Honduran President Porfirio Lobo Sosa.

Wednesday, December 14, 2011

A press release from the Presidency of the Republic of Honduras reads:

The President Porfirio Lobo Sosa, announced ..., that Brazil will help Honduras on the issue of security through social programs that complement the actions of "Operation Lightning Strike" running in different parts of the country.

"It is not only about fighting crime, but also doing work on reintegrating society through various programs that allow young people to excel in different areas. President Dilma Rousseff told me that this has had great success in Brazil. For this reason, in the first weeks of January 2012, Foreign Minister Arturo Corrales will go to the South American country with a committee to study this novel project.

Rousseff told his Honduran colleague that several entrepreneurs have shown interest in the charter cities project.

"The discussion has been about having better control and support for businesses under a free trade agreement between Honduras and Brazil, where businesses from both nations can benefit," he said.

He said that Honduras has full diplomatic relations with nations such as Argentina and Brazil. He reported that the Chancellor has instructed Arturo Corrales to conduct ongoing assessments in the various embassies to determine which ones are giving positive results.

He added that through diplomatic missions, "the aim is for the investments that are made to yield the results that people expect, because if there are no results it is better to readjust these embassies to countries where we get favorable results for the population, because the goal is to bring investment to create jobs, promote tourism, as well as aid programs in different branches. "

More on this topic

Honduras Closes Five Embassies

March 2011

The government announced it is closing its embassies in Venezuela, Ecuador, Argentina, Bolivia and Brazil.

A statement from the Foreign Ministry says it will open trade offices in India, Singapore, China and Canada.

"Foreign Minister, Mario Canahuati, said ... Honduras is revising embassies in Latin America.

Honduras Considers Fighter Plane Purchase

June 2011

The country is looking at buying Embraer EMB 314 Super Tucano planes to use in the battle against drug trafficking.

President Porfirio Lobo met with the head of the International Security Cabinet of Brazil, José Elito Siqueriam to discuss the issue.

Digital Process reported, "During the meeting they also discussed the commitment of President Rousseff ‘s government’s to collaborate with the Lobo Sosa administration in logistical support and training the police to combat crime and criminality. "

Porifirio Lobo: Honduras' New President

January 2010

The Economist analyzes the upcoming administration of Porfirio Lobo and how he will have to 'pick up the post-coup pieces'.

When he is sworn in on January 27th, Lobo will take over a country that is diplomatically isolated, economically battered and socially polarized.

He inherits an economic hole.

Spain Normalizes Diplomatic Relations With Honduras

February 2010

The Spanish Ambassador has returned to Honduras, in order to normalize diplomatic relations between both countries.

Even though Lobo’s government has not been officially recognized by the Government of Spain, their intention is to gradually normalize diplomatic relations.

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