Honduras, Guatemala – Closer to Free-Trade Zone

admin March 9, 2015 0

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With the Honduran Caribbean as the background, the presidents of Guatemala, El Salvador, and Honduras gathered on Thursday, February 26, for the First Meeting of the Alliance for Prosperity in the Northern Triangle (APP). The Central American heads of state discussed the implementation a US-designed plan to fight drug trafficking in the region.

Guatemalan President Otto Pérez Molina and his Honduran counterpart, Juan Orlando Hernández, agreed on establishing a customs union as the first step towards the creation of a free-transit zone between the two countries. The agreement will formalize an agenda for 2015 that will lead to a fully implemented customs union by January 1, 2016. Once finalized, customs offices along the Honduran-Guatemalan border will disappear, clearing the way for greater commercial flows between the two countries.

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