Strengthening Bilateral Trade Relations: Honduras and the United Kingdom Make Progress

Strategic Insights -

The UK and Honduras are deepening their economic ties under the framework of the UK-Central America Association Agreement (UKCAA). A recent meeting between Honduran Secretary of Economic Development Fredis Cerrato and British Ambassador to Honduras Juliana Correa in San Pedro Sula yielded promising results. The two parties celebrated the successful implementation of the UKCAA, which has facilitated a steady growth in trade between the countries. Bilateral trade reached ú174 million in 2024, with a notable 33.3% increase in British exports to Honduras.

Key Takeaways:

  • The UK-Central America Association Agreement (UKCAA) has facilitated a steady growth in trade between Honduras and the United Kingdom, with bilateral trade reaching ú174 million in 2024.
  • British exports to Honduras increased by 33.3% in 2024, with notable growth in specific sectors such as pharmaceuticals, industrial machinery, and refined petroleum.
  • Honduran exports, including seafood, coffee, and agricultural products, have also performed well, with Ambassador Correa expressing optimism about their potential for further growth.
  • Secretary Cerrato reiterated the Honduran government's support for the Law of Tax Justice, positioning it as a tool to enhance competitiveness and fiscal responsibility.
  • The meeting concluded with a shared commitment to deepen cooperation across the three pillars of the UKCAA, including trade, political dialogue, and cooperation.
  • Upcoming subcommittee sessions and the in-person Association Committee meeting in London in November are expected to further solidify the partnership.

Statistics:

  • 2024 bilateral trade between Honduras and the United Kingdom reached ú174 million.
  • British exports to Honduras increased by 33.3% in 2024.
  • Total trade between Honduras and the United Kingdom rose to ú186 million in the first quarter of 2025, representing a 9.4% increase year-over-year.
  • The UK-Central America Association Agreement has facilitated a steady growth in trade between Honduras and the United Kingdom.

Sources:

  • British Embassy Guatemala City (for Honduras)