HUGE participated in today’s CATO Institute event with Dr. Ngozi Okonjo-Iweala, a thought-provoking conversation on global economic development, sustainable growth, and the future of international trade. During these discussions, we like to consider what opportunities exist for Honduras, Guatemala and El Salvador that would further capitalize on the CAFTA-DR free trade agreement. The Northern Triangle’s geographical proximity to the US offers significant advantages over Asia suppliers in terms of reduced shipping costs, faster delivery times, and improved supply chain flexibility. CAFTA-DR eliminates tariffs on most goods traded between the US and the Northern Triangle, making it even more attractive for US companies to source from the region. By addressing challenges and effectively capitalizing on the opportunities, Honduras, Guatemala, and El Salvador can attract sustainable investments, create jobs, and drive economic growth within the region.
Watch the event here.