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Honduran Minister to Negotiate Textiles with Mexico

Strategic Insights

— 1 min read

Norman Garcia, the Honduran Minister of Commerce, has arrived in Mexico to negotiate the issue of textiles as an annex to the free trade agreement (FTA) between the two countries. The negotiation is crucial for increasing benefits from the US-Honduras trade agreement, which allows imports of Mexican cloth to Honduras for use in clothing to be exported to the US. The focus is on importing Mexican denim for jeans, as Honduras does not produce this textile. Garcia is accompanied by Melvin Redondo, the official negotiator, and businesspeople from the Honduran Council of the Private Company (Cohep).

Key Takeaways:

  • Norman Garcia, Honduran Minister of Commerce, is leading the negotiations with Mexico on textiles.
  • The objective of the negotiation is to resolve the case of textiles to allow greater benefits from the US-Honduras trade agreement.
  • The trade agreement between the US and Honduras allows imports of Mexican cloth to Honduras for use in clothing to be exported to the US.
  • The focus of the negotiation is on importing Mexican denim for jeans, as Honduras does not produce this textile.
  • Garcia is accompanied by Melvin Redondo, the official negotiator, and businesspeople from the Honduran Council of the Private Company (Cohep).
  • The Honduran Council of the Private Company (Cohep) is involved in the negotiation.
  • The trade agreement between the US and Honduras has provisions for textile imports.

Statistics:

  • The Honduran trade agreement with the US allows imports of Mexican cloth to Honduras for use in clothing to be exported to the US.
  • The focus of the negotiation is on importing Mexican denim, a key component for jeans production.
  • The Honduran Council of the Private Company (Cohep) is involved in the negotiation.

Sources:

  • Notimex/Corporate Mexico by Internet Securities, Inc. via COMTEX https://www.comtexnews.com/
  • Internet Securities, Inc. acknowledges that the abstract is provided as a service to its customers, with no representation or warranty regarding the accuracy or content of the translation.

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