Guatemala Joins FTA with EFTA countries

After consultation with the productive sectors Guatemala's government has decided to join the group of Central American countries negotiating a free trade agreement with Switzerland, Iceland, Liechtenstein and Norway.

Tuesday, August 21, 2012

Guatemala had ruled out the idea of participating in the negotiations for a free trade agreement which Panama, Costa Rica and Honduras began with Switzerland, Iceland, Liechtenstein and Norway, members of the old continent that are not part of the European Union and that in turn make up the European Free Trade Association (EFTA).

According to an article in Prensalibre.com now "Guatemala today is adhering to the third round of negotiations to sign a free trade agreement (FTA) between Central America with the EFTA -European Free Trade Association- countries, who do not belong to the European Union block. "

Maria Luisa Flores, Deputy Minister of Economy, in charge of foreign trade area, explained that "the countries are still discussing the normative par –text - and some of the tariff product list."

More on this topic

Central America Negotiates New Trade Deal

February 2012

The region will hold the first round of negotiations with the European Free Trade Association (EFTA).

The round of negotiations will take place between February 27th and March 1st.

Efta members are Switzerland, Iceland, Liechtenstein and Norway, all countries outside the European Union.

Region Seeks FTA with Switzerland, Norway, Iceland and Liechtenstein

April 2011

These four countries comprise the European Free Trade Association (EFTA) with which Central American countries have begun negotiations toward a free trade agreement (FTA)

In an event hosted by Panama, the Central American countries met with representatives of EFTA to exchange information on trade policy and other subjects as a first step toward an eventual free trade agreement.

Progress in Negotiations with EFTA

August 2012

The third round of negotiations for EFTA ended on Friday August 24th having made significant progress.

A press release from the Costa Rican Ministry of Foreign reads:

This Friday, in Costa Rica, saw the conclusion of the third round of negotiations for a Free Trade Agreement between Costa Rica, Guatemala, Honduras, Panama and the countries of the European Free Trade Association (EFTA acronym) comprising Switzerland, Norway, Liechtenstein and Iceland.

Significant Progress in Negotiating FTAs with EFTA

June 2012

Technical teams from Central America and the European Free Trade Association (Switzerland, Norway, Iceland and Liechtenstein) are making good progress in the second round of negotiations on an FTA.

From a press release from the Costa Rican Ministry of Foreign Trade:

Technical teams from Central America (Costa Rica, Honduras and Panama) and the European Free Trade Association (Switzerland, Norway, Iceland and Liechtenstein) are making good progress in the second round of negotiations on an FTA.

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