Central America-EU FTA Coming Into Force Soon

In late June the Association Agreement between Central America and the European Union will be signed in Tegucigalpa, containing a section on trade which will take effect as soon as it is ratified by one of the governments of the region.

Wednesday, May 9, 2012

The final flourish of the Association Agreement between Central America and the European Union (EU) - which consists of three pillars: economic, political and cooperation, is scheduled for between 28th and 29th June in Tegucigalpa, during a summit of Central American presidents.

The trade agreement will phase out tariffs on 99% of the products that both regions sell.

The head of the EU delegation to Central America, Javier Sandomingo, said that "due to imbalances between the regions, Central America still has the challenge of improving its productive capacity in order to meet market demand in Europe."

The political and cooperation pillars will be pending ratification by the parliaments of the 27 countries of the EU.

More on this topic

El Salvador Ratifies Agreement with European Union

July 2013

The Association Agreement with the EU was approved with no negative votes by the Salvadoran Legislative Assembly.

From a press release from the Legislative Assembly of El Salvador:

The Legislative Assembly of El Salvador in plenary session, affirmed on Thursday with 82 votes, the Association Agreement between Central America and the European Union (AA), which will enter into force on August 1.

Start Date of AACUE to be Defined In May

April 2013

Lack of ratification of the Association Agreement by most Central American countries, has raised questions about the time of its entry into force.

An article in 7dias.com.do reports that "Representatives from the Central American countries and the European Union (EU) will define on May 15, the day when the Association Agreement will enter into force, diplomatic sources said today."

EU Requests to Resume Negotiations with C.A.

December 2009

The European Union has requested Central America to resume negotiations for an Association Agreement.

While gathering at Brussels, EU's foreign relationships ministers remarked the council's intention of concluding the negotiation process for an association agreement with Central America.

$14 million for Central American Customs Union

September 2013

In the next six years, the EU will invest in regional customs strengthening which it considers essential for harnessing the benefits of the AA.

Laprensa.com.ni reports: "With the support of the Central American Economic Integration Secretariat the EU will start a Support Programme for Central American Economic Integration and Implementation of the AA".

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