Logistics and trade facilitation between CARICOM and Central America
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The purpose of this article is to analyze the progress and challenges in the trade relationships between CARICOM and Central America. First, it highlights the increase in the trade dynamic between both regions, its progress in investment as well as its economic complementarities, establishment of lines of communication between their institutions, and trade negotiations. Secondly, it emphasizes upon the elements that inhibit a greater trade dynamic and investment between CARICOM and Central America. Among these elements are high tariff protections between the members of CARICOM, low availability of transport routes and their high costs, the heterogeneity in their visa policies as well as the costs related to cross-border trade. Moreover, it does a perfunctory approach to the aid these countries receive for trade and development, within an emphasis on projects related to trade facilitation. Both regions have the potential to mutually benefit through an economic complementarity. Notwithstanding, joint progress is needed to mitigate the elements that inhibit their trade and commerce.
Abstract .-- I. Steps forward .-- II. Elements that inhibit trade and commerce .-- III. Conclusions and recommendations.