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These include the suspension of fuel taxes, initially for three months, and the reduction of import tariffs on 20 basic and agricultural goods. President Nayib Bukele, who made the announcement on ...
El Salvador, Guatemala, Honduras, and Nicaragua also are negotiating a free trade agreement with Canada, and negotiations started on 2006 for a free trade agreement with Colombia. El Salvador's balance of payments continued to show a net surplus. Exports in 1999 grew 1.9% while imports grew 3%, narrowing El Salvador's trade deficit.
The Dominican Republic, Costa Rica, El Salvador, Guatemala, Nicaragua, and Honduras have also approved the agreement. They are all the current members of CAFTA-DR. El Salvador became the first country to formally implement CAFTA, which went into effect on March 1, 2006, when the Organization of American States (OAS) received signed copies of ...
CA-4 travel regime A clickable Euler diagram showing the relationships between various multinational organizations in the Americas v • d • e. The Central America-4 Free Mobility Agreement (CA-4; Spanish: Convenio Centroamericano de libre movilidad) is a treaty signed in June 2006 between the Central American nations of El Salvador, Guatemala, Honduras, and Nicaragua, establishing the free ...
A maquila in Mexico. A maquiladora (Spanish: [makilaˈðoɾa]), or maquila (IPA:), is a word that refers to factories that are largely duty free and tariff-free.These factories take raw materials and assemble, manufacture, or process them and export the finished product.
The Agreement on Trade-Related Investment Measures (TRIMs) are rules that are applicable to the domestic regulations a country applies to foreign investors, often as part of an industrial policy. The agreement, concluded in 1994, was negotiated under the WTO's predecessor, the General Agreement on Tariffs and Trade (GATT), and came into force ...
Republic of Colombia and the Republic of El Salvador have maintained a friendly relationship since the 19th century. Between the two countries there are organizations such as the Colombia-El Salvador Joint Drug Commission, the Joint Commission for Technical, Scientific, Educational, Cultural and Sports Cooperation and the Bilateral Consultation and Coordination Mechanism.
Another example of foreign trade regulations is import deposits. Import deposits is a form of deposit, which the importer must pay the central bank for a definite period of time (non-interest bearing deposit) in an amount equal to all or part of the cost of imported goods. [citation needed]