International Commerce
in Central America
Thursday, May 24, 2012
In 2011 sales of Salvadoran services abroad totaled $1.1 billion, 10% more than in 2010.
A statement from the Agency for Promotion of Exports and Investments in El Salvador (PROESA) reads:
The Agency for Promotion of Exports and Investments in El Salvador, PROESA, today (Wednesday 24th) held the 1st International Forum on Export of Services in order to raise awareness of global trends, the outlook for the region and the country as well of some of the success stories of exporters of services. The Forum's main purpose was to stimulate more interest by Salvadoran firms to venture into this activity with high growth potential.
Thursday, May 24, 2012
The Intra-regional trade sector is excited about a project to develop an Integrated Control Center at the border crossing between Panama and Costa Rica.
Panama and Costa Rica have agreed to develop a design for an Integrated Control Centre (ICC) in the common border of Paso Canoas.
Thursday, May 24, 2012
The global market for frozen fruits and vegetables continues to grow and is estimated to reach 22.6 million tons by 2015.
Analysis conducted by the Trade Office of Costa Rica (PROCOMER) can be extrapolated to the entire region:
Global Industry Analysts Inc., an international company that conducts market research, recently published a report entitled "Frozen Fruits and Vegetables: A Global Strategic Business Report", which indicates that the global market of frozen fruits and vegetables continues to grow and expected to reach 22.6 million tons by 2015.
Wednesday, May 23, 2012
Logistics is the most attractive of the Panamanian economy to foreign investors. It is followed by banking, hospitality and construction.
In July, some 100 American businessmen will visit Panama to look at potential investment opportunities.
Wednesday, May 23, 2012
With foreign sales in 2011 of $31 million, the sector recorded a growth of 191% compared to 2006 and 93% compared to 2010.
FOB Exports of leather and footwear in 2011 amounted to $31.1 million, an increase of 190.7% ($20.4 million) compared to 2006 and 93.2% ($15 million) compared to 2010. Exports of leather and footwear were 1% of total exports for Nicaragua in 2006 and rose to 1.4% in 2011, reported the official website of El Pueblo Presidente.
Wednesday, May 23, 2012
Local Unions and those of the U.S. have filed a complaint with the U.S. Department of Labor for breach of the rules established under DR-CAFTA.
The U.S. Department of Labor has agreed to review a union complaint against the government of Tegucigalpa for breach of labor laws under the free trade agreement DR-CAFTA, according to an official announcement released today.
Tuesday, May 22, 2012
Detailed compilation of statistics of Costa Rican exports in 2011 has been released.
From the Introduction of Foreign Trade Statistics Costa Rica, 2011, by the Trade Office of Costa Rica:
The paper's main objective is to make a detailed compilation of statistics on Costa Rica’s foreign trade in 2011 with the purpose of analyzing the behavior of Costa Rican exports as well as performance according to the main variables of interest.
Tuesday, May 22, 2012
The two countries held a second round of negotiations for a Partial Agreement, reviewing sanitary and phytosanitary measures, dispute settlement and other issues.
Technical teams from Guatemala and Trinidad and Tobago began the second round of negotiations for a Partial Scope Agreement (PSA) on Monday in Guatemala City in an effort to strengthen trade relations.
Monday, May 21, 2012
The twenty-first edition of the leading trade fair for the apparel and textile sectors in Guatemala at regional level, begins with 200 booths, 186 companies and 30 international corporations.
Machinery Suppliers, high technology, and textile companies will offer their products and services in a space of over 2,000 square meters
Friday, May 18, 2012
A workshop will be convened in June with South Korean entrepreneurs and tax incentives will be offered to their companies.
In June the government of Guatemala will convene a working group with representatives from South Korean firms in order to prepare business negotiations for allowing investments in the Central American country.
Friday, May 18, 2012
In January 2012 the value of imports brought in Panamanian ports, excluding companies operating from the CFZ, reached $944.5 million, $171.1 million more than in the same period last year.
From a press release from the Ministry of Economy and Finance of Panama:
The value of imports for the month of January 2012, placed in Panamanian ports, excluding companies that operate from the Colon Free Zone, reached B/.944.5 million ($ 944.5 million), which is B /. 171.1 million ($ 171.1 million) or 22.1% more than in the same period last year, according to a study by the Economic and Social Analysis Unit at the Ministry of Economy and Finance (MEF), based on figures from the National Institute of Statistics and Census, the Controller General of the Republic.
Friday, May 18, 2012
Panama's accession will be formalized in late June and will accelerate the elimination of tariffs and facilitate regional trade.
In Costa Rica and other Central American countries there are expectations over Panama's accession to the Central American Economic Integration Secretariat, which will be signed in Tegucigalpa on June 29, and the regional benefits it will bring.
Friday, May 18, 2012
The forthcoming entry into force of the Free Trade Agreement between Canada and Panama will boost a business relationship which in the past two years has already increased by 20%.
Final approval of the FTA in the Canadian parliament is still pending, but a final vote in a chamber dominated by the ruling party is only a matter of time and it is expected that it will take place soon.
Thursday, May 17, 2012
Many Central American exports to the Northern country will be affected by the increased competitiveness of Colombian products.
The entry into force of an FTA between Colombia and the USA brings new challenges to many economic sectors in Costa Rica and other Central American countries who will now competing with Colombian products in the same entering in the duty-free category.
Thursday, May 17, 2012
The first exports of polypropylene and fabric tubular bags entered the Dominican Republic after the WTO ordered the country to eliminate the safeguard measure imposed on imports from Costa Rica, Guatemala, Honduras and El Salvador.
From a press release from the Ministry of Foreign Trade of Costa Rica (Comex):
The first exports of polypropylene and fabric tubular bags entered the Dominican Republic, after the Dispute Settlement Body (DSB) of the World Trade Organization (WTO) ordered to the country to remove the safeguard measure imposed on imports from Costa Rica, Guatemala, Honduras and El Salvador.
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