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Saturday, May 25 2019 @ 11:54 AM UTC

Caricom-Central America FTA to boost economic ties

Money - Negotiations for having a free trade agreement (FTA) between Caricom and Central American countries were successful and aim at strengthening the economic and social ties. The FTA will extend to countries like El Salvador, Nicaragua, Panama, Guatemala and Honduras. Caricom looks forward to expanding its trade in Central America to include among other, a greater number of textile and industrial products. The proposal resolved, will require the sanction of respective Governments, and once approved, the expansion will provide a platform for setting up newer industries in the region. Moreover, if the FTA is given a clearance, it will enable a duty free transaction of goods between the two regions, which is a natural outcome of the increasingly globalized world.
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