The Minister of Economy, María Luisa Hayem, participated together with her counterparts from Honduras and Guatemala, in a working session as part of the process of integration of border posts, with the objective of achieving the free circulation of goods between the three countries.
“We are making steady progress in facilitating trade at our borders,” the official posted on her Twitter account.
According to the Secretariat for Central American Economic Integration (Sieca), the meeting, the first of this 2022, allowed to follow up on the agreements around the full incorporation of El Salvador to the Deep Integration process, in which Honduras and Guatemala are already involved, as well as the work in which the three countries and the institution are involved.
“With this aspiration, Deep Integration contributes to improve the conditions of the three countries to increase investment in intra-regional and extra-regional trade, as well as to facilitate the transit of goods by reducing response times of border operations”, SIECA published.
At the meeting, they also followed up on the status of peripheral customs and defined the dates for the technical visit to the border posts between the three countries, in order to validate the models approved since February 2018.
The Deep Integration process implemented between El Salvador, Guatemala and Honduras has as its legal basis the legal instruments of Central American economic integration and establishes the creation of a single customs territory.
According to data from Economía, between El Salvador, Guatemala and Honduras, in 2021, foreign trade operations were carried out for an amount of $6,237 million, which is equivalent to 48% of total transactions in the Central American region.