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

Costa Rica’s President Says US Government Already Operates on Costa Rican Soil

President Laura Fernández said U.S. government agencies already carry out operations on Costa Rican territory, describing them as the continuation of existing security arrangements...

Costa Rica’s Capital Gets a Temporary Forest and Free Saturday Music

A temporary forest at the entrance to the Central Bank Museums will host a free music event Saturday, giving residents and visitors yet another...

Francisco Cerúndolo Falls in Shanghai as Breakthrough 2026 Season Faces Another Test

Francisco Cerúndolo's run at the Shanghai Masters ended Sunday with a 6-3, 3-6, 6-2 loss to Czech player Jakub Menšík, bringing another early finish...

Costa Rica’s Lesser-Known Juan Castro Blanco Park Prepares for Tourists

Construction is underway on new visitor facilities at Juan Castro Blanco National Park, a lesser-known protected area in northern Costa Rica, as officials work...

Snoop Dogg’s Costa Rica Concert Is Canceled and Ticket Refunds Will Be Automatic

Snoop Dogg's December 3 concert in Costa Rica is canceled. Ticket refunds will be automatic, but a judicial employees' association's $2.32 million stake is unresolved.

Pandora Closes All Five Stores in Costa Rica, Leaving Shoppers With Questions

Jewelry retailer Pandora has closed all five of its stores in Costa Rica, leaving customers wondering whether the popular Danish brand plans to reopen...

The Night Costa Rica Witnessed Central America’s Worst Soccer Tragedy

This month marks the 30th anniversary of the worst soccer tragedy in Central American history. The setting was Estadio Mateo Flores in Guatemala City....

ICE Sent Two Costa Rican Children to a Texas Family Detention Center

ICE apprehended two Costa Rican children, ages 9 and 11, near New Orleans and moved them 12 hours by road to the Dilley family detention center in Texas.

Police Name 22-Year-Old Suspect in Playas del Coco Killing of American

Costa Rican judicial police released a photo today of the main suspect in the killing of an American man in Playas del Coco and...
Loading…

Latest News from Costa Rica

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