No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeTopicsBusinessGuatemala-Honduras customs union first step in regional development plan

Guatemala-Honduras customs union first step in regional development plan

The leaders of Guatemala and Honduras signed a bilateral agreement creating a customs union this week, marking the first concrete action in a regional development plan designed to decrease illegal immigration to the U.S. by improving local economic opportunities.

The customs union agreement was signed during a meeting held among officials and business leaders from Central America’s Northern Triangle countries — Guatemala, Honduras and El Salvador — on Thursday in the Honduran Pacific coastal city of Tela.

The gathering was the first official meeting of the Alliance for the Prosperity of the Northern Triangle Plan, a regional development plan launched in the wake of last year’s unprecedented wave of undocumented migrants fleeing Central America for the U.S.

U.S. President Barack Obama has said he’ll request $1 billion from Congress to support the plan. Vice-President Joe Biden is traveling to Guatemala next week to discuss progress with Northern Triangle leaders.

At the meeting in Tela, Guatemalan President Otto Pérez called the customs union “the step we’ve been waiting to take for 64 years in Central America.”

Customs offices are scheduled to be removed along the two countries’ shared border in December of this year. Authorities and business leaders hope the move will cut costs and speed up transportation of goods throughout the region.

El Salvador has also been invited to join the customs union.

“Here, we’re proving that not only Honduras but the whole Northern Triangle is following a new path of peace and prosperity for all,” Honduran President Juan Orlando Hernández said in reference to the customs union and the development plan.

The plan is aimed at improving economic opportunity, citizen safety, social development and democratic institutions. Hernández acknowledged the link between economics and security.

“It doesn’t matter how many highway projects we inaugurate, no one will use them if they’re not safe,” he said.

The Honduran president stressed the need to have unified immigration requirements to enter the Northern Triangle countries. He said he hoped the three countries could integrate their immigration and police databases, “allowing our citizens to move freely between our three countries.

According to the U.N. Economic Commission for Latin America and the Caribbean, the Northern Triangle shows some of the most critical poverty levels in the region.

Trending Now

Corcovado National Park Placed on Red Alert Over Sewage and Crumbling Infrastructure

A coalition of Costa Rican environmental organizations has placed Corcovado National Park under what it calls a red alert, warning that sewage discharges, decaying...

Jannik Sinner Withdraws From Cincinnati Open With Knee Injury

World No. 1 Jannik Sinner has withdrawn from the 2026 Cincinnati Open because of a right knee injury, removing another of the tournament’s biggest...

Costa Rica President Declares Security and Intelligence Information a ‘State Secret’

President Laura Fernández has placed a broad range of Costa Rican security and intelligence information under a “State Secret” designation, restricting public access to...

Costa Rica Prices Fall Again as Inflation Remains Below Zero

Consumer prices in Costa Rica fell again in July, reversing two months of increases and keeping the country in a prolonged period of negative...

Costa Rica Faces Months of Drought as El Niño Intensifies

Costa Rica doesn't take direct hurricane hits often, but this year's El Niño is playing out with the same shape as one, tracked for...

The Unexpected Reason Some Travelers May Prefer Costa Rica

My friend Tomas has worked most of his life in one kind of tourism or another. He’s 100 percent Tico but spent many years...

Powerful Earthquake Strikes Colombia’s Pacific Coast

A powerful earthquake struck western Colombia on Monday morning, damaging buildings in the Pacific department of Chocó and sending office workers into the streets...

Costa Rica Reports Renewed Increase in COVID-19 Cases

COVID-19 has once again become the most widely circulating respiratory virus detected in Costa Rica, as health officials urge residents to take basic precautions...

Costa Rica Warns Pet Owners After Rabies Kills Cattle in Golfito

A rabies outbreak that killed three cattle in southern Costa Rica has prompted renewed warnings for ranchers and pet owners to keep animals vaccinated,...
🌴 The Weekly Pura Vida

Costa Rica, Once a Week

The week's top stories, weather & insider tips — delivered every Sunday. One email, zero clutter.

🔒 Free. No spam. Unsubscribe anytime.

Loading…

Latest News from Costa Rica

Costa Rica Coffee Maker Chorreador
Costa Rica Car Rentals
Costa Rica Travel Insurance
Costa Rica Travel