The latest meeting of the leaders of the Pacific Alliance on May 23 in Cali, Colombia, was the best one yet, suggesting that this new economic bloc is an emerging powerhouse in Latin America. The alliance is an effort by Chile, Colombia, Mexico and Peru to link their economies more closely together through trade, finance and labor market integration to build mutual economic competitiveness. It is one of the most dynamic and potentially significant developments in hemispheric trade relations since negotiations to form a Free Trade Area of the Americas (FTAA) broke down in 2003. In the intervening decade, China’s [...]
In Honduras, the Central American country with the highest homicide rate in the world, the two largest and most dangerous street gangs declared a truce Tuesday. The agreement between MS-13 and Barrio 18 is modeled after one that took effect last year between the same gangs in El Salvador. “The success of the truce in El Salvador, which has reduced homicide levels from 14 per day to five per day since it was negotiated in March 2012, was certainly an important impetus for Honduras to test a similar path,” Rachel Schwartz, program associate at the Inter-American Dialogue, told Trend Lines [...]
Central America has returned as an international battleground, not against communism but against organized crime. With successive crackdowns against drug traffickers in the Caribbean, Colombia and, most recently, in Mexico, the countries of Central America’s northern triangle—Guatemala, El Salvador and Honduras—have become a center for illegal narcotics transshipment. Beyond their geographic location and extensive coastlines, the combination of weak institutions, political instability and corrupt police in these countries makes the region an ideal base for traffickers. And with astronomical crime rates—Honduras officially has the world’s highest murder rate, at more than 80 homicides per 100,000 people, with El Salvador close [...]
