Central America Integration Central American Customs Union Customs union regional integration Commerce Custom International Commerce Tariffs Elías Antonio Saca Haroldo Rodas Arancel Integrado Centroamericano Central American Customs Code Central American Integration System Customs Code Cámara de Comercio e Industria de El Salvador

Customs Union Benefits

Jorge Daboub, president of the Salvadoran Chamber of Commerce, speaks about the benefits of the recent Customs Union between Guatemala and El Salvador.

Monday, February 9, 2009

©image: Daniel Lobo

Urías M. Gamarro, in a phone interview for PrensaLibre.com, asks him: "What are the most important benefits brought by this iniciative?"

"From 2002 to 2008, commerce between both countries has tripled, meaning that this Central American Union efforts are very important when facing the adversity of the world economy. I think it will be very positive for both countries and will force the rest of the countries to integrate."

Source: prensalibre.com

Key entities

Jorge José Daboub Cámara de Comercio e Industria de El Salvador

Countries

Central America

Insight

Customs union regional integration Tariffs Commerce Central America Integration Central American Customs Union

Customs Treaty in Effect in Guatemala

February 2011

With the publication in the official newspaper the Framework Convention for the Establishment of the Customs Union is now in effect.

The agreement was approved by Congress on September 9th, 2010.

Deputy Economy Minister for Foreign Trade and Integration, Raul Trejo, told Sigloxxi.com, "We are legally fulfilling a commitment made by all countries in the region” explaining that it has been ratified by almost all nations with a pending process in Costa Rica."

Guatemala Ratifies Customs Union

October 2010

With the publication in the official newspaper, Guatemala complies with the legal framework to implement the customs union.

Raul Trejo Esquivel, Deputy Minister of Economy, referring to such ratification, stated "is the legal basis to remove all restrictions on regional trade and strengthens the union process."

Customs Union Project Progresses

August 2010

Representatives of the Central American countries involved have made progress in harmonizing customs tariffs.

Agreements were achieved relating to the customs classification of various products including LED lights, van type vehicles with one row of seats and washer-dryer machines).

Honduras and Nicaragua Analyze Joint Customs Office

September 2010

In the process to form a Customs Union, authorities from both countries are analyzing a joint customs office in the Guasaule area.

They would be located in the same territory and share the same administrative offices to receive and dispatch merchandise.

This year, both countries started a customs modernization process which will improve some procedures to control imports, cut red-tape and increase the flow of trade between both countries.

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