Central American Countries Discuss Free-Trade Area, Customs Union

Members of the Council of Ministers for Central American Economic Integration (Comieco) have discussed in in Managua, Nicaragua the establishment of a regional free-trade zone and customs union.

Nicaragua's Ministry of Promotion, Industry and Commerce Orlando Solorzano told a press conference that the commerce and economic ministers of Central America were working to resolve details concerning the proposals.

According to the minister, discussions for the two projects have advanced and a number of measures are being finalized, including documentation for cargo transportation, single migration checks at the country of arrival, and zoosanitary and phytosanitary standards, Solorzano added that the ministers signed a strategy to facilitate trade in the region and would issue a joint declaration on economic integration.

Alexander Mora, Costa Rica's minister of foreign trade, added that reaching a free-trade agreement and a regional customs union would mark a major milestone for the region.

Source : QNA