NEWS

The Results of the FTA between Mexico and Central America are Evaluated

Tuesday, September 10, 2019

The Secretariat of Economy (SE) carried out the 3rd Meeting of the Administrative Commission of the Free Trade Agreement (FTA) between Mexico and the Republics of Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua, in which they agreed on various commitments.

During the meeting, the performance of the Agreement was evaluated, highlighting among the topics addressed: Rules of Origin and Customs Procedures related to the Origin of Goods, Dispute Settlement, and Public Procurement and Investment.

The parties agreed on several mandates for the Committees established by the Agreement, with the purpose of providing a timely and comprehensive monitoring on the commitments established by the Administrative Commission.

The last time the Treaty’s Administrative Commission met was on January 2017 in San José, Costa Rica. On 2018, the total trade between Mexico and the countries member of the agreement increased to 7.181 billion dollars.

Within the framework of this Administrative Commission, several bilateral meetings were held between Mexico and each of the five Central American countries in order to address issues of common interest.

Mexico reaffirmed its commitment to trade development and integration with Latin America, emphasizing its interest in diversifying and facilitating trade and investment in the region. It is worth mentioning that, the FTA between Mexico and Central America was signed on November 22 of 2011 in El Salvador and ratified by the Mexican Senate on December of the same year, coming into force on September 2012.