Home / Knowledge / News / Textiles / EU's trade deal with Central American nations takes effect
EU's trade deal with Central American nations takes effect
Aug '13
A trade agreement between the EU on one side and the Central American nations of Honduras, Nicaragua and Panama on the other has set into motion from August 1, 2013.
The trade agreement, which was part of an Association Agreement signed in 2012, has opened up markets and is likely to create a stable business and investment relation between the European countries and Central America.
The comprehensive trade part of the agreement opened up markets for goods, public procurement, services and investment on both the sides.
"The Association Agreement is a proof of the EU’s interest and involvement in Central America, the benefits would not only be economic but would bring a positive impact on political integration as well," Karel De Gucht, the EU Trade Commissioner, said in a statement.
The agreement would reinforce economic integration and promote sustainable development in the regions, as well as set up institutions to tackle trade related issues and provide a transparent way to settle trade disputes.
The agreement would create a stable business and investment environment based on predictable and enforceable trade rules which, in many instances, go further than the commitments the parties have made in the World Trade Organization (WTO).
The EU is Central America's second largest trading partner. In 2012, the total trade flows in goods amounted to €14 billion, including approximately €1.4 billion worth of trade with Honduras, €1.2 billion with Panama and €0.4 billion with Nicaragua.
As per the ‘marking and labeling’ part of the agreement, textiles and clothing items would need to have the information on fibre content, country of origin, safety instructions for specific uses and care instructions. Both the parties have to adhere to this provision within one year from the entry into force of the Agreement at the latest.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 21st Oct 2016

China’s garment retail sales grow 7.2% in Jan-Sept ’16

Retail sales of garments, footwear, hats and knitwear of Chinese...

Mike Preston, executive director of the Arkansas Economic Development Commission (AEDC), signing MoU with Tang from Suzhou Tianyuan Garments company. Courtesy: Government of Arkansas

Apparel/Garments | On 21st Oct 2016

Suzhou Tianyuan to open $20 mn garment factory in US

Suzhou Tianyuan Garments company, a Chinese manufacturer of casual...

Textiles | On 21st Oct 2016

Pakistan’s textile exports fall 5.96% y-o-y in Q1 FY17

The value of textile and garment exports made by Pakistan decreased...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search