Central America – Mexico Trade agreement

NameCentral America – Mexico
MembersEl Salvador – Guatemala – Honduras – Mexico
Type of agreementMultilateral Free Trade Agreement
Date of signatureJune 29, 2000
Current StatusOn-going
Key points1. More than 80% of U.S. exports of consumer and industrial products to Central America will be duty-free immediately upon entry into force of the Agreement, and 85% will be duty free within 5 years. All remaining tariffs will be eliminated within 10 years.
2. Guatemala, Honduras and Nicaragua will soon join the WTO’s Information Technology Agreement (ITA), which removes tariff and non-tariff barriers to IT products. Costa Rica and El Salvador are already participants.
3. Key U.S. exports, such as information technology products, agricultural and construction equipment, paper products, chemicals, and medical and scientific equipment will gain immediate duty-free access to Central America.

For more details, kindly check the link in references.

1. Central America – Mexico Trade Agreement, accessed November 2020, https://ustr.gov/about-us/policy-offices/press-office/fact-sheets/archives/2003/december/free-trade-central-america-summary-us-centr 

Was this article helpful?

Related Articles

Leave A Comment?