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

Costa Rica Braces for Rain and Thunderstorms as Tropical Wave Moves Through

Costa Rica will see unstable weather from today through June 3, with warm mornings followed by afternoon and early-evening rain across much of pur...

Costa Rica Warns Smoking and Vaping Raise Heart Attack Risk Under 40

Costa Rica health officials are warning that smoking and vaping are putting younger adults at serious risk of heart attacks, with specialists from the...

Panama Joins 10 Worst Countries for Workers Rights in ITUC Report

The International Trade Union Confederation placed the three Latin American nations in that group in its Global Rights Index released Monday. The list also...

Costa Rica’s Northern Neighbors Are Quietly Rewriting Central America Tourism

Tourism between El Salvador and Guatemala is consolidating as one of Central America's strongest growth stories, with millions of cross-border travelers fueling a regional...

Argentine Sierra Becomes the Surprise Story of the French Open Women’s Draw

Argentina's Solana Sierra has become one of the most improbable stories of the 2026 French Open, reaching the third round at Roland-Garros as a...

Brazil’s Fonseca Ends Djokovic’s Quest for a 25th Major in Paris

Brazilian teenager João Fonseca produced the defining win of his young career on Friday, rallying from two sets down to stun Novak Djokovic 4-6,...

Argentina’s Top Hope Falls as Cerúndolo is Knocked Out of French Open

Argentina's Francisco Cerúndolo, the highest-ranked Latin American man in the Roland Garros draw, was knocked out of the French Open on Saturday, beaten in...

Costa Rica Airport Partners With U.S. Embassy on Travel Safety

Guanacaste Airport in Liberia has become the first airport in Costa Rica to partner with the U.S. Embassy to promote the Smart Traveler Enrollment...

Paul McCartney Turned a Rainy Costa Rica Day Off Into a New Song

Costa Rica's rain has been immortalized in one of Paul McCartney's newest songs. The legendary British musician revealed that "First Star of the Night,"...
🌴 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

Live prediction market odds via Kalshi. Updates every 60 seconds.
Kalshi is available to US residents 18+. The Tico Times may earn a commission from new signups.

Costa Rica Car Rentals
Costa Rica Travel Insurance
Costa Rica Travel