The important measures taken by Honduras in recent years to liberalize
trade and investment have produced only moderate results, and further
reforms would help to raise the country’s modest rate of economic
growth, according to a report on the trade policies and practices of
Honduras released on 1 October by the WTO Secretariat.
New laws have been passed in key areas and significant structural
changes have taken place. Free-trade zones have become important
generators of employment and investment, and transformed manufactures
into a key export. However, the zones’ long-term effectiveness may need
reconsideration in the light of Honduras’s low growth and new factors
which might come into play.
The report also points out that Honduras, with one of the lowest per
capita GDPs in Latin America, depends heavily on remittances from
Hondurans living abroad, and export diversification remains limited.
While expanding its multilateral commitments would help Honduras lock-in
its recent reforms, its growing participation in preferential agreements
is straining its institutional capacity.
following documents are available in MS Word format.
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Trade Policy Reviews are an exercise, mandated in the WTO agreements,
in which member countries’ trade and related policies are examined and
evaluated at regular intervals. Significant developments that may have
an impact on the global trading system are also monitored. For each
review, two documents are prepared: a policy statement by the
government of the member under review, and a detailed report written
independently by the WTO Secretariat. These two documents are then
discussed by the WTO’s full membership in the Trade Policy Review Body
(TPRB). These documents and the proceedings of the TPRB’s meetings are
published shortly afterwards.
copies of previous TPR publications are available for sale from the
WTO Secretariat, Centre William Rappard, 154 rue de Lausanne, 1211 Genève 21 and through the on-line
TPR publications are also available from our co-publisher Bernan Press, 4611-F Assembly Drive, Lanham, MD 20706-4391, United States.
of forthcoming reviews back to top
Bulgaria: 15, 17 October 2003
Guyana: 29, 31 October 2003
Haiti: 4, 6 November 2003