Commerce
in Central America
Thursday, February 2, 2012
In a region where there should be no customs, borders continue to distort trade in goods.
Various policies, protectionist or open, in the region, continue to generate price distortions and encourage the pursuit of market equilibrium through smuggling.
This is what is happening now with sugar in Nicaragua, where l relatively low prices favour its illegal departure, in this case to Honduras.
Thursday, February 2, 2012
The Federation of Chambers of Commerce of Central America has met in Managua, to discuss proposals and initiatives to overcome barriers of various kinds to trade on the isthmus.
"The president of the Chamber of Commerce of Nicaragua (CACONIC), Mario Gonzalez, said that employers are looking for strategies to strongly influence their respective governments with the aim of stopping them from blocking regional trade, including the closure of the borders, for political reasons or non-tariff related barriers", reported La Prensa in its online edition.
Thursday, February 2, 2012
Although a WTO ruling said that the taxes and polypropylene bags and tubular fabric from Central America violate their rules, they will not be removed until April 2012.
The Dominican Republic has announced that it will keep the tariffs on tubular fabric and polypropylene products from Central America in place until April, even though the World Trade Organization (WTO) considers that they have violated international trade rules, according to the AP as reported by the online edition La Prensa Grafica.
Thursday, January 26, 2012
Several organizations are working on a management plan for roads and trade and in the border area of Paso Canoas.
Extending the customs buildings, demarcation of public roads, relocation of small businesses located at present on the sidewalks and the possible construction of a sewerage system are some of the actions included in the project.
Monday, January 23, 2012
The new Nicaraguan - Brazilian Chamber of Commerce unites Brazilian and Nicaraguan entrepreneurs and investors.
Enrique Zamora, General Manager of the agricultural company Agropecuaria LAFISE SA and Chairman of the new chamber said: "Nicaragua has received many benefits from Brazil and is now looking to further strengthen these relations and to promote Nicaraguan exports to that country and the southern region. "
Monday, January 16, 2012
The European Commission (EC) predicts that for the next eight years the prices of agricultural commodities will remain high.
According to a report by the EC, global food demand, the development of the biofuel sector and the a drop in crop production are contributing factors.
Wednesday, January 11, 2012
Nicaragua already exports products worth $1,300,000 to the Asian country and is keen to promote its agriculture and tourism sectors.
An official Taiwanese delegation headed by Deputy Foreign Minister Nonrischai Jullapong, visited Nicaragua to attend the inauguration of the second term of President Daniel Ortega and discuss business opportunities.
Tuesday, January 3, 2012
The Buyers Trade Mission (BTM) will take place from 24th to 28th September 2012 at Hotel Ramada Plaza Herradura, Costa Rica.
The event will feature at least 250 international companies who aim to strike export deals with approximately 250 Costa Rican companies through business agendas, display stands, conferences and also a showroom of high-tech industrial products produced in Costa Rica.
Monday, January 2, 2012
ProNicaragua seeks to attract companies from the footwear and auto parts industry to operate in the country's free zones.
Javier Chamorro, Executive Director of the investment promotion agency, ProNicaragua, noted that they are seeking to "generate development poles" in these two sectors.
Monday, December 19, 2011
The industry and commerce sectors in Costa Rica are reporting moderate growth at the end of the year.
The Costa Rican Chamber of Industries had projected growth of between 3.5% and 4%, but recent economic data (IMAE) which showed a slowdown in the economy, have changed the projection to only 2% growth, said Martha Castillo, vice President of the Chamber. On the positive side, the industrial sector stopped laying off workers this year, thereby changing a trend which had been in place since 2009.
Friday, December 9, 2011
Experts from the World Customs Organization (WCO) will gather today, December 9, in Panama to discuss counterfeiting and piracy.
In the meeting, in which twelve countries of the region are participating, new routes identified for the transit of counterfeit goods and new methods used to counterfeit products will be publicised.
Thursday, December 8, 2011
The Ministry of Economy has announced the enrollment period for those interested in participating as 'New Importers' in 2012 within the quotas established in the FTA with the U.S.
The Ministry of Economy of El Salvador is inviting interested parties to participate as New Importers within the agricultural quotas established under the FTA with the United States for 2012. The period for submitting applications includes December 5 to December 23 this year, and these must include product description and custom codes code, amounts requested, internal Revenue solvency and declaration of unrelated persons.
Wednesday, December 7, 2011
The perception of retailers coincides with the decline in business confidence in this sector.
A press release from the Costa Rican Chamber of Commerce reads:
A study by the Costa Rican Chamber of Commerce showed that businesses rated the administration of President Laura Chinchilla as negative, giving an average score of 4.7 on a scale of 1 to 10.
Wednesday, December 7, 2011
Panama and Cuba have signed a Framework of Understanding for the Extension of the Partial Scope Agreement between both countries.
A press release from the Panamanian Ministry of Commerce and Industry reads:
The Minister of Commerce and Industry from Panama, Ricardo Quijano signed with the Minister of Foreign Trade and Foreign Investment in Cuba, Rodrigo Malmierca, a Framework of Understanding for the Extension of the Partial Scope Agreement between both countries.
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