Monday, 30 November 2020

Time For Customs Unity For Central America

SICA headquarters in Honduras.
SICA headquarters in Honduras.

QCOSTARICA- -Now is the time to fulfill the clear mandate of the Presidents of the Central American Integration System ( (Spanish: Sistema de la Integración Centroamericana, or SICA)) for the establishment of a Customs Union in Central America.

The purposes for establishing a customs union is to increase economic efficiency and establishing closer political and cultural ties between the countries.

- Advertisement -

From a statement issued by the Federation of Chambers of Commerce of Central America (FECAMCO):

The Federation of Chambers of Commerce of Central America (FECAMCO) held in San José, the transfer of chairmanship of this regional entity to the Chamber of Commerce of Costa Rica for the period 2015.

As a Federation we believe it is important that the Presidents of the Central American Integration System are taking up the agenda of a Customs Union in everything related to having trade facilitation in the region, which we consider of great value for promoting foreign and domestic investment, the latter driven mostly the involvement of MSMEs, which represent 85% of our membership and 90% of the economy of the Isthmus.

In 1991, SICA’s institutional framework included Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica and Panama. Belize joined in 2000 as a full member, while the Dominican Republic became an associated state in 2004 and a full member in 2013. Mexico, Chile and Brazil became part of the organization as regional observers, and the Republic of China, Spain, Germany and Japan became extra-regional observers.

- Advertisement -

Source: Centralamericandata.com; SICA; wikipedia

- Advertisement -
Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Ghost lodging: the new way to scam families on vacation

QCOSTARICA - If it seems better than expected, the ads for...

Government makes clear its disinterest in regulating Uber

QCOSTARICA - The government of Carlos Alvarado has no intention of...

MOST READ

Volaris Costa Rica resumed operations on Monday

QCOSTARICA - Volaris Costa Rica resumed operations in Central America as of this Monday, November 23, after several months slowed down by the effects...

U.S. Embassy San Jose closed Thursday and Monday

QCOSTARICA - This note in from the United States Embassy in San Jose, that they will be on Thursday, November 26, 2020, to commemorate...

Children’s Museum cancels its traditional lighting

QCOSTARICA - Although this year the traditional lighting of the Museo de los Niños (Children's Museum), which year after year attracted thousands of families...

Government makes clear its disinterest in regulating Uber

QCOSTARICA - The government of Carlos Alvarado has no intention of entering into the discussion about the regulation of the provision of private paid...

Puntarenas reaches the highest number of homicides in the last five years

QCOSTARICA - With the homicide of a 61-year-old man this Sunday, in Puntarenas, the province reaches 77 murders, the highest number in the last...

Playas del Coco, Costa Rica

QPHOTOS - Playas del Coco is one of the oldest beach communities in Guanacaste Province, Costa Rica. This region is also one of the...

Let's Keep This Going!

To be updated with all the latest news and information about Costa Rica and Latin America.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.