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

Why Honduras Still Has No President Days After a Razor Thin Vote

Hondurans are on edge. Three days after the elections, they still don't know who will govern them for the next four years due to...

Why Tamales Are at the Heart of Christmas in Costa Rica

In Costa Rica, the Christmas season is closely linked to traditional dishes, among which tamales hold a special place. They’re an essential element on...

Latin American Stars Shine in Australian Open 2026 Entry Lists

Tennis Australia unveiled the entry lists for the 2026 Australian Open on Monday, showcasing nearly complete top-100 fields for the season's opening Grand Slam....

Serena Williams Re-Entered Drug Testing But Insists She’s Not Returning

Serena Williams made it clear that she has no intention of stepping back onto a tennis court as a competitor. The 44-year-old American, who...

Costa Rica’s Hyatt Centric Escazú Opens Festive Season

Hyatt Centric San José Escazú celebrates its first year in operation today by launching its Festive Season 2025. The event, set to begin at...

Bad Bunny Wows Costa Rica Crowd with Hits and Heartfelt Words

Bad Bunny delivered a powerful performance last night at the National Stadium, kicking off two sold-out dates on his DeBÍ TiRAR MáS FOToS World...
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica