sica countries open for business , open for trade and open for investment
DESCRIPTION
SICA countries OPEN FOR BUSINESS , OPEN FOR TRADE AND OPEN FOR INVESTMENT. Brussels, Septembre 2012. O PEN FOR BUSINESS, OPEN FOR TRADE, OPEN FOR INVESTMENT. LOCATION. OPEN FOR BUSINESS, OPEN FOR TRADE, OPEN FOR INVESMENT. MCCA ². ODECA ¹. SICA ³. - PowerPoint PPT PresentationTRANSCRIPT
SICA countriesSICA countries OPEN FOR BUSINESS, OPEN FOR TRADE AND OPEN FOR INVESTMENT
Brussels, Septembre 2012
OPEN FOR BUSINESS, OPEN FOR TRADE, OPEN FOR INVESTMENT
LOCATION
18211492
1. Treaty for the Creation of the Central American States Organization (ODECA). Best known as “Carta de San Salvador”. Signed in El Salvador on October, 1951.
1951 1991
MCCA ²MCCA ²
ODECA ODECA ¹¹
2. Created by the General Treaty for the Central American Economic integration. Signed in Managua, Nicaragua on December 13th, 1960.
3. Created by the Protocol of Tegucigalpa. Signed in Honduras on December 13th, 1991.
SICASICA³³
OPEN FOR BUSINESS, OPEN FOR TRADE, OPEN FOR INVESMENT
HISTORY
OPEN FOR BUSINESS, OPEN FOR TRADE, OPEN FOR INVESTMENT
In 1973, ODECA was suspended and progress in regional integration came to a standstill. Some 20 years later, in 1993, a new integration framework, the Central American Integration System (SICA), came into existence. SICA is made up of three Community Organs, the Central American Court of Justice (CCJ), the Central American Parliament (PARLACEN), and the Secretariat General of the Central American Integration System (SG-SICA).
Central American integration dates back to 1951 when the Organization of Central American States (ODECA) was founded. This was followed by the creation of the Central American Common Market (MCCA), the Central American Bank for Economic Integration (BCIE), and the Secretariat for Central American Economic Integration (SIECA) in 1960.
THE CENTRAL AMERICAN INTEGRATION SYSTEM
SICA
El Salvador, June 5th, 1992.
Honduras, June 8th, 1992.
Nicaragua, July 4th, 1992.
Guatemala, August 3rd, 1993.
Costa Rica, June 26th, 1995.
Panama, March 20th, 1996.
Belize, November 27th. 2000.
Dominican Republic, December 10th, 2003.
OPEN FOR BUSINESS, OPEN FOR TRADE, OPEN FOR INVESTMENT
THE ADHESION PROCESS TO SICA
El Salvador, June 5th, 1992.
Honduras, June 8th, 1992.
Nicaragua, July 4th, 1992.
Guatemala, August 3rd, 1993.
Costa Rica, June 26th, 1995.
Panama, March 20th, 1996.
Belize, November 27th. 2000.
Dominican Republic, December 10th, 2003.
OPEN FOR BUSINESS, OPEN FOR TRADE, OPEN FOR INVESTMENT
THE ADHESION PROCESS TO SICA
El Salvador, June 5th, 1992.
Honduras, June 8th, 1992.
Nicaragua, July 4th, 1992.
Guatemala, August 3rd, 1993.
Costa Rica, June 26th, 1995.
Panama, March 20th, 1996.
Belize, November 27th. 2000.
Dominican Republic, December 10th, 2003.
OPEN FOR BUSINESS, OPEN FOR TRADE, OPEN FOR INVESTMENT
THE ADHESION PROCESS TO SICA
El Salvador, June 5th, 1992.
Honduras, June 8th, 1992.
Nicaragua, July 4th, 1992.
Guatemala, August 3rd, 1993.
Costa Rica, June 26th, 1995.
Panama, March 20th, 1996.
Belize, November 27th. 2000.
Dominican Republic, December 10th, 2003.
OPEN FOR BUSINESS, OPEN FOR TRADE, OPEN FOR INVESTMENT
THE ADHESION PROCESS TO SICA
El Salvador, June 5th, 1992.
Honduras, June 8th, 1992.
Nicaragua, July 4th, 1992.
Guatemala, August 3rd, 1993.
Costa Rica, June 26th, 1995.
Panama, March 20th, 1996.
Belize, November 27th. 2000.
Dominican Republic, December 10th, 2003.
OPEN FOR BUSINESS, OPEN FOR TRADE, OPEN FOR INVESTMENT
THE ADHESION PROCESS TO SICA
El Salvador, June 5th, 1992.
Honduras, June 8th, 1992.
Nicaragua, July 4th, 1992.
Guatemala, August 3rd, 1993.
Costa Rica, June 26th, 1995.
Panama, March 20th, 1996.
Belize, November 27th. 2000.
Dominican Republic, December 10th, 2003.
OPEN FOR BUSINESS, OPEN FOR TRADE, OPEN FOR INVESTMENT
THE ADHESION PROCESS TO SICA
El Salvador, June 5th, 1992.
Honduras, June 8th, 1992.
Nicaragua, July 4th, 1992.
Guatemala, August 3rd, 1993.
Costa Rica, June 26th, 1995.
Panama, March 20th, 1996.
Belize, November 27th. 2000.
Dominican Republic, December 10th, 2003.
OPEN FOR BUSINESS, OPEN FOR TRADE, OPEN FOR INVESTMENT
THE ADHESION PROCESS TO SICA
El Salvador, June 5th, 1992.
Honduras, June 8th, 1992.
Nicaragua, July 4th, 1992.
Guatemala, August 3rd, 1993.
Costa Rica, June 26th, 1995.
Panama, March 20th, 1996.
Belize, November 27th. 2000.
Dominican Republic, December 10th, 2003.
OPEN FOR BUSINESS, OPEN FOR TRADE, OPEN FOR INVESTMENT
THE ADHESION PROCESS TO SICA
OPEN FOR BUSINESS, OPEN FOR TRADE, OPEN FOR INVESTMENT
Central American Central American Customs Union Customs Union
DR-CAFTADR-CAFTA
CA–UE Association CA–UE Association Agreement Agreement
BilateralBilateralAgreementsAgreements
SICA’S TRADE STRATEGY
“ Recalling the common strategic objective of the Guadalajara Declaration and taking into account the positive outcome of the joint assessment exercise on regional economic integration carried out with Central America, we welcome the decision taken by the European Union and Central America to launch negotiations for an Association Agreement, including the establishment of a Free Trade Area. ”
Vienna Declaration, May 2006.
OPEN FOR BUSINESS, OPEN FOR TRADE, OPEN FOR INVESTMENT
•Demographic facts•The size of the market
•SICA trade partners•A world to discover
OPEN FOR BUSINESS, OPEN FOR TRADE, OPEN FOR INVESTMENT
SICA COUNTRIES
Association Agreement Central America – European Union
• Negotiations started in October 2007 in Costa Rica and concluded in Madrid in may 2010.
• Panama integrated fully into the negotiation process in January 2010.
• The Association Agreement was rubricated in Brussels on march 2011 by Central American Ambassador in Brussels.
• The College of Commissioners adopts the signing proposal and provisional application of the trade pillar and completion of the Association Agreement.
(Taken from internal presentation
Embassy of Costa Rica in Brussels)
Association Agreement Central America-EU
• The Association Agreement between Central America and the EU was signed on 29 june 2012, during the XXXIX Meeting of Heads of State and Government of Central America in Tegucigalpa, Honduras
• It is the first region to region agreement.• The agreements needs to be submitted to the pertinent
legislative bodies in both regions for its entry into force.
•Demographic facts
OPEN FOR BUSINESS, OPEN FOR TRADE, OPEN FOR INVESTMENT
201253.3 millions inhabitants
Sources: World Development Indicators Database World Bank (2011) and World Development Report (2012)
POPULATION
OPEN FOR BUSINESS, OPEN FOR TRADE, OPEN FOR INVESTMENT
•The size of the market
OPEN FOR BUSINESS, OPEN FOR TRADE, OPEN FOR INVESTMENT
OPEN FOR BUSINESS, OPEN FOR TRADE, OPEN FOR INVESTMENT
AREA
559,130 kms²
OPEN FOR BUSINESS, OPEN FOR TRADE, OPEN FOR INVESTMENT
72 DOMINICAN REPUBLIC 73.7474 GUATEMALA 60.5784 COSTA RICA 48.7798 EL SALVADOR 33.20109 PANAMA 25.29112 HONDURAS 22.13127 NICARAGUA 16.83183 BELIZE 2.30
SICA COUNTRIES 282.84
SIZE OF THE MARKET*(Billions of US Dollars)
*for comparative purposes figures are in PPPSource: 2006 World Bank’s Facts & Statistics.
SICA countries
2006 Gross Domestic Product
US$282.84 billion* Source: World Bank (2006)
GDP GROWTH RATE: 8.87%
World Bank’s Ranking of the biggest economies*:
34 EGYPT 328.8035 MALASYA 308.8036 SWEEDEN285.10
37 SICA COUNTRIES 282.8439 VIETNAM 258.60
52 VENEZUELA 176.4058 SINGAPORE 138.60
*for comparative purposes figures are in PPP
Source: 2006 World Bank’s Facts & Statistics.
OPEN FOR BUSINESS, OPEN FOR TRADE, OPEN FOR INVESTMENT
OPEN FOR BUSINESS, OPEN FOR TRADE, OPEN FOR INVESTMENT
SICA foreign trade: $81.7 billion(X+M) / GDP : 74.3%
EU: 20.4% - USA: 21.3%
$50.2 billion $31.5 billion
EXPORTSIMPORTS
OPEN FOR BUSINESS, OPEN FOR TRADE, OPEN FOR INVESTMENT
2006 SICA TRADE BALANCE(billions of US Dollars)
SICA – EU TRADE: $6.55 billion
$3.99 billion $2.56 billion
EXPORTSIMPORTS
OPEN FOR BUSINESS, OPEN FOR TRADE, OPEN FOR INVESTMENT
2006 SICA – EU TRADE BALANCE
(billions of US Dollars)
SICA – BEL/LUX TRADE: $581.6 Million
$228.13 Million $353.47 Million
EXPORTSIMPORTS
OPEN FOR BUSINESS, OPEN FOR TRADE, OPEN FOR INVESTMENT
2006 SICA – BEL/LUX TRADE BALANCE
(Millions of US Dollars)
2006 : Top Imports from the EU(First ten chapters)
OPEN FOR BUSINESS, OPEN FOR TRADE, OPEN FOR INVESTMENT
1 Electronic devices $900.52 Machinery $410.73 Pharmaceuticals $255.94 Mineral fuels $239.35 Chemicals $198.26 Vehicles and transportation $173.77 Iron and steel $107.28 Plastics and/or plastic manufactures$92.29 Precision devices $86.110 Paper, carton and celulose $83.711 Fertilizers and pesticides $83.7
in millions of US Dollars - Source: 2007 SIECA TRADE STATISTICS
2006 : Top Exports to the EU
in millions of US Dollars - Source: 2007 SIECA TRADE STATISTICS
OPEN FOR BUSINESS, OPEN FOR TRADE, OPEN FOR INVESTMENT
1 Coffee $704.62 Tropical Fruits $605.43 Electronics and microchips $320.74 Flowers and green plants $109.15 Fisheries $97.96 Processed tropical foods $95.87 Precision and medical instruments $54.38 Beef and canned foods $48.99 Minerals $42.710 Mineral fuels $40.4
OPEN FOR BUSINESS, OPEN FOR TRADE, OPEN FOR INVESTMENT
•A world to discover
2006: VISITORS TO OUR COUNTRIES
13,058,583Sources: DITUR/ SG-SICA. & Dom. Republic Tourism Office. 2006
OPEN FOR BUSINESS, OPEN FOR TRADE, OPEN FOR INVESTMENT
2006: REVENUES
GENARATED BY TOURISM:
$9,89 Billions
OPEN FOR BUSINESS, OPEN FOR TRADE, OPEN FOR INVESTMENT
Sources: DITUR/ SG-SICA. & Dom. Republic Tourism Office. 2006
Thank youThank you