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Mexico declares progress in FTA talks with C. America

People’s Daily Online, China

Mexico declares progress in FTA talks with C. America

30 May 2011

Xinhua/Mexico said Sunday the fifth round of negotiations for forming a single free trade agreement (FTA) with Central America ended with important progress on various issues.

The most prominent achievements were made on issues such as market access, the ease of the trade and the technical obstacles to trade, the Economic Ministry said in a statement.

There were also important progress on trade mark, trade defense, government purchases and solution of trade differences.

The sixth round of the talks will be held in August in El Salvador, the ministry said.

Mexico already has FTAs with Costa Rica, Nicaragua and the so-called Triangle of the North which includes Guatemala, Honduras and El Salvador.The current talks was aimed at eastabishing a single FTA area with Mexico and the whole Central America.

Of the 50 billion dollars of Central America’s annual exports, only 8 percent go to Mexico, suggesting that there is great potential for expanding trade relations between the two sides.