EFTA and Central American States sign Protocol of ... · negotiations between EFTA and four Central...
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European Free Trade Association (http://www.efta.int) EFTA and Central American States sign Protocol of Accession of Guatemala to the EFTA-Central America Free Trade Agreement Ministers from the Member States of the European Free Trade Association (EFTA) – Iceland, Liechtenstein, Norway and Switzerland – and from Costa Rica, Guatemala and Panama signed the Protocol of Accession of Guatemala to the EFTA-Central American Free Trade Agreement (FTA) on 22 June 2015 in Schaan, Liechtenstein. Guatemala is the first country to accede to this FTA, which will further enhance the economic ties and promote trade and investment between the EFTA States and Guatemala. The Protocol of Accession was signed by Aurelia Frick, Minister of Foreign Affairs of Liechtenstein; Gunnar Bragi Sveinsson, Minister for Foreign Affairs and External Trade of Iceland; Dilek Ayhan, State Secretary from the Ministry of Trade, Industry and Fisheries of Norway; and Johann N. Schneider- Ammann, Federal Councillor and Head of the Federal Department of Economic Affairs, Education and Research of Switzerland; as well as by Álvaro Cedeño Molinari, Ambassador and Permanent Representative of Costa Rica to the WTO; Eduardo Sperisen-Yurt, Ambassador and Permanent Representative of Guatemala to the WTO and Alfredo Suescum, Ambassador and Permanent Representative of Panama to the WTO. Building on a Joint Declaration on Cooperation signed by the EFTA States and Panama in July 2010, negotiations between EFTA and four Central American States were launched in November 2011 and were concluded with Costa Rica and Panama in December 2012. Negotiations with Guatemala were concluded in November 2014. The negotiations with Honduras are on hold. The EFTA-Central America FTA was signed by the EFTA States, Costa Rica and Panama in June 2013 and entered into force in August 2014 for Costa Rica, Panama, Norway Liechtenstein and Switzerland and September 2014 for Iceland. The EFTA-Central America FTA has comprehensive coverage, including trade in goods (industrial and agricultural goods, fish and other marine products), rules of origin, trade facilitation, trade in services, investment, competition, protection of intellectual property rights, government procurement and sustainable development. A Joint Committee supervises the functioning of the FTA. The accession of Guatemala will become effective after completion of the necessary internal procedures by all the Parties. Economic relations between the EFTA States and Costa Rica, Guatemala and Panama Page 1 of 2
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European Free Trade Association (http://www.efta.int)
EFTA and Central American States sign Protocol of Accession ofGuatemala to the EFTA-Central America Free Trade Agreement
Ministers from the Member States of the European Free Trade Association (EFTA) – Iceland,Liechtenstein, Norway and Switzerland – and from Costa Rica, Guatemala and Panama signed theProtocol of Accession of Guatemala to the EFTA-Central American Free Trade Agreement (FTA) on 22June 2015 in Schaan, Liechtenstein. Guatemala is the first country to accede to this FTA, which willfurther enhance the economic ties and promote trade and investment between the EFTA States andGuatemala.
The Protocol of Accession was signed by Aurelia Frick, Minister of Foreign Affairs of Liechtenstein;Gunnar Bragi Sveinsson, Minister for Foreign Affairs and External Trade of Iceland; Dilek Ayhan, StateSecretary from the Ministry of Trade, Industry and Fisheries of Norway; and Johann N. Schneider-Ammann, Federal Councillor and Head of the Federal Department of Economic Affairs, Education andResearch of Switzerland; as well as by Álvaro Cedeño Molinari, Ambassador and PermanentRepresentative of Costa Rica to the WTO; Eduardo Sperisen-Yurt, Ambassador and PermanentRepresentative of Guatemala to the WTO and Alfredo Suescum, Ambassador and PermanentRepresentative of Panama to the WTO.
Building on a Joint Declaration on Cooperation signed by the EFTA States and Panama in July 2010,negotiations between EFTA and four Central American States were launched in November 2011 andwere concluded with Costa Rica and Panama in December 2012. Negotiations with Guatemala wereconcluded in November 2014. The negotiations with Honduras are on hold. The EFTA-CentralAmerica FTA was signed by the EFTA States, Costa Rica and Panama in June 2013 and entered intoforce in August 2014 for Costa Rica, Panama, Norway Liechtenstein and Switzerland and September2014 for Iceland.
The EFTA-Central America FTA has comprehensive coverage, including trade in goods (industrial andagricultural goods, fish and other marine products), rules of origin, trade facilitation, trade inservices, investment, competition, protection of intellectual property rights, governmentprocurement and sustainable development. A Joint Committee supervises the functioning of the FTA.The accession of Guatemala will become effective after completion of the necessary internalprocedures by all the Parties.
Economic relations between the EFTA States and Costa Rica, Guatemala and Panama
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European Free Trade Association (http://www.efta.int)
Total merchandise trade between the EFTA States and Guatemala was valued at USD 121 million in2014, with EFTA’s exports to Guatemala amounting to USD 49 million and imports valued at USD 72million. EFTA’s exports to Guatemala include machinery, organic chemicals, and watches. EFTAStates imports consist principally of coffee and vegetables.In 2014, total merchandise trade between the EFTA States and the three Central American States(Costa Rica, Guatemala, and Panama) was valued at USD 890 million, with EFTA’s exports to CostaRica, Guatemala and Panama amounting to USD 497 million and imports valued at USD 393 million.
EFTA as a trade partner
With a combined population of around 14 million, the EFTA States are the world’s 12th largestmerchandise trader, and rank 5th in services and foreign direct investment, counting the EuropeanUnion (EU) as one. They have 25 FTAs with a total of 36 partner countries and territories outside theEU.
High resolution photos are available at photos.efta.int
Contact info:
Federico Cruz AizarnaSenior OfficerTrade Relations DivisionGeneva+41 223322 [email protected]
Source URL: http://www.efta.int/Free-Trade/news/EFTA-and-Central-American-States-sign-Protocol-Accession-Guatemala-EFTA-Central-America-Free-Trade-Agreement-60201
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