Economic Relations Between Central America and Western Europe

Abstract

Economic relations between Central America and Western Europe historically have been dominated by trade in commodities. In return for Western European manufactured goods, Central America has supplied coffee, bananas, cotton and other primary commodities. Only recently has Central America seriously considered the possibility of supplying Western Europe with non-traditional (i.e. manufactured) goods, although progress so far has been very limited. Given the difficulties, however, of increasing the volume of primary product exports absorbed by Western Europe, both sides have been examining ways of removing obstacles to an expansion of trade in non-traditional goods.KeywordsInternational Monetary FundWestern European CountryCommon Agricultural PolicyEuropean Economic CommunityOfficial Development AssistanceThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.