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Economy, Commerce and Trade

Association of Caribbean States, Central American Common Market, CACM, important exports, international trade organizations

Bananas and coffee are the leading Honduran exports by value. Other important exports include frozen meat, wood and timber, shellfish, silver, lead, and zinc. The total yearly value of exports in 2000 was $1.32 billion. Since the mid-1970s imports have risen rapidly, reaching a value of $2.88 billion in 2000. The largest increases have been in raw materials and capital goods. The United States is the principal trading partner. Other leading purchasers of exports are Germany, Belgium, and the United Kingdom; other sources for imports are Mexico and Guatemala. Honduras is a member of two international trade organizations, the Central American Common Market (CACM) and the Association of Caribbean States (ACS). Both organizations work toward the economic integration of member countries by lowering tariffs and encouraging trade.



Article key phrases:

Association of Caribbean States, Central American Common Market, CACM, important exports, international trade organizations, capital goods, Bananas, frozen meat, ACS, s imports, shellfish, Guatemala, tariffs, timber, coffee, silver, raw materials, Belgium, wood, Mexico, Germany, United States, United Kingdom, sources

 
 

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