Central American Economic Integration: An Introduction to the Study of Customs Union and Relations with the European Union

La integración económica centroamericana: introducción al estudio de la unión aduanera y de la relaciones con la Unión Europea

José Antonio Nieto Solís ()
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José Antonio Nieto Solís: Departamento de Economía Aplicada I (Economía Internacional y Desarrollo). Universidad Complutense de Madrid., https://www.ucm.es/deaeh

No 07-03, Documentos de trabajo de la Facultad de Ciencias Económicas y Empresariales from Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales

Abstract: This Working Paper focuses on the characteristics and challenges of the process of economic integration in Central America and it analyses the situation and alternatives of the existing customs union in the region. It also refers to the external relations of Central America, in particular with the European Union (EU), the USA (CAFTA) and Mexico (Plan Puebla Panama). In order to extend the analytical scope, Central American relations with the EU have been considered in the general context of the relations between Latin America and the EU (Group of Rio Dialogue). The Paper emphasizes the importance of strengthening economic integration and improving external relations of Central American countries. For this reasons, I suggest to establish a common budget in the region, with a revenue system based on national contributions and on the customs union incomes and an expenditure mechanism able to carry out structural projects. A common budget will reinforce the existing process of integration, will contribute to the improvement of the international insertion of Central American countries and will boost economic social development in the region.

Keywords: Central American Economic Integration; Customs Union; European Union.; Centroamerica; Integración económica; Unión Europea; Relaciones económicas. (search for similar items in EconPapers)
Pages: 43 pages
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:ucm:doctra:07-03

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