November 18th, 2009 · 2 Comments
Dozens of Honduran farmers have blocked the customs office of El Salvador in the capital city for nearly a week to protest against El Salvador’s rejection of their products.
Santiago Ruiz, president of the National Federation of Agriculture and Livestock of Honduras, said the farmers used their trucks and machines to block the office. El Salvador forbids the imports of Honduran milk products, vegetables and shrimps.
Tuesday was the sixth day since the farmers have blocked the customs office, causing millions of dollars in losses.
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Tags: Honduran Business & Economics
January 9th, 2009 · Comments Off
The Free Trade Agreement (FTA) between Panama and Honduras took effect on Friday, which will facilitate the circulation of 80 percent of the goods between both countries, the Panamanian Ministry of Commerce and Industry (Mici) said, Xinhua reported.
According to Mici, the commercial agreement will allow the free circulation of goods, intensify the services sector and create opportunities for bilateral commercial exchanges, which totaled 165 million U.S. dollars.
The agreement was signed in June 2007 by Panamanian President Martin Torrijos and his Honduran counterpart Manuel Zelaya after one-year negotiations.
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Tags: Honduran Business & Economics · Politics in Honduras
July 25th, 2008 · Comments Off
A free trade agreement between Taiwan and Honduras, one of the ROC’s 23 diplomatic allies, came into effect July 15. Ambassador to Honduras Lai Chien-chung and Honduran Foreign Minister Angel Edmundo Orellana Mercado ratified the pact at the presidential office in Tegucigalpa, the capital of the Central American country.
Benefiting immediately from the FTA were 3,881 items exported from Taiwan, a figure that represents 61.9 percent of all exports to Honduras, most of which are industrial products. In return, Taiwan waived custom duties for 6,135 imported items, representing 69.4 percent of imports from its diplomatic ally, the Bureau of Foreign Trade under the Ministry of Economic Affairs stated.
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Tags: Honduran Business & Economics
July 23rd, 2008 · Comments Off
President Manuel Zelaya assured Hondurans that his government is studying the advantages offered by The Bolivarian Alternative for the Peoples of our America (ALBA).
He said in a press conference that Honduras needs new forms of commercial association with more dignity.
Zelaya stressed that the country has been an observer member for four months of that mechanism, which is boosted by Venezuela and Cuba.
The dignitary clarified that mainly the economic and conservative sectors are opposed to the country’s joining the integration agreement, explaining they want to keep control of their monopolies.
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Tags: Honduran Business & Economics · Politics in Honduras