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Central America increases trade with Mexico after FTA signed

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Staff writer |
Central America tradeIn September, Central American countries will celebrate the first anniversary of the Free Trade Agreement (FTA) signed between Mexico and the region, which has led to an increase in trade.

By the end of 2012, commercial exchanges reached a value of 9,211 million dollars, according to the Mexican ambassador in San Salvador, Raul Lopez Lira.

Mr. Lira said that when negotiations started in 2010 to unify all FTAs Central American purchases and sales with Mexico were worth 6,554 million dollars.

The head of Economic and Commercial Affairs of the Mexican Embassy Julio Cesar Escobedo said that, in 2012 Costa Rica was the Central American country that made the most commercial exchanges with Mexico, with 4,253 million dollars, followed by Guatemala, with 2,440 million dollars.

Honduras reached 927 million dollars; Nicaragua 875.7 million and El Salvador 715.1 million. Another two countries in the region that remain outside of the FTA but maintain trade relations with Mexico are Panama, with 1,218.7 million dollars and Belize, with 135.9 million.

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