Central American Integration System(SICA)
1. Background:
The Central American Integration System (SICA) was set up in 1991 as the revived institutional framework for Regional Integration in Central America. SICA evolved from the original Organisation of Central American States (ODECA) initially begun in 1951 and Central American Common Market set up in 1960.
SICA consists of seven full members: Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama; and Dominican Republic as the Associate Member (Total 8). The 14 observers in SICA include: US, Chile, Mexico, Brazil, Argentina, Peru (as regional Observers) and Spain, France, Italy, Germany, Japan, South Korea, Taiwan and Australia (as non-regional Observers). US joined SICA as Observer in 2012 and France and South Korea’s Observer status has been approved by SICA’s apex decision-making Body and formal agreements are soon to be signed. SICA Secretariat is based in San Salvador. 2. Objectives of SICA:
The objectives of Central American Integration System (SICA) are to realise the integration of Central America in order for the Isthmus to become a Region of Peace, Freedom, Democracy and Development. It aims, inter-alia:
• to consolidate democracy and strengthen its institutions;
• to set up a new model of regional security;
• to achieve a regional system of welfare and economic and social justice;
• to attain economic union and strengthen the Central American financial system and
• to strengthen the region as an economic bloc in order to insert it successfully into the international economy. 3. Principles of SICA:
SICA has laid down fundamental principles which, inter-alia, expects member states to do “fulfilment of their obligations by refraining from establishing, agreeing or taking any action that is contrary to the provisions of SICA instrument” and to “respect the principles and norms of the charters of the United Nations and the Organisation of American States (OAS), and the
statements issued in the Central American Presidential meetings since May 1986
1. Background:
The Central American Integration System (SICA) was set up in 1991 as the revived institutional framework for Regional Integration in Central America. SICA evolved from the original Organisation of Central American States (ODECA) initially begun in 1951 and Central American Common Market set up in 1960.
SICA consists of seven full members: Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama; and Dominican Republic as the Associate Member (Total 8). The 14 observers in SICA include: US, Chile, Mexico, Brazil, Argentina, Peru (as regional Observers) and Spain, France, Italy, Germany, Japan, South Korea, Taiwan and Australia (as non-regional Observers). US joined SICA as Observer in 2012 and France and South Korea’s Observer status has been approved by SICA’s apex decision-making Body and formal agreements are soon to be signed. SICA Secretariat is based in San Salvador. 2. Objectives of SICA:
The objectives of Central American Integration System (SICA) are to realise the integration of Central America in order for the Isthmus to become a Region of Peace, Freedom, Democracy and Development. It aims, inter-alia:
• to consolidate democracy and strengthen its institutions;
• to set up a new model of regional security;
• to achieve a regional system of welfare and economic and social justice;
• to attain economic union and strengthen the Central American financial system and
• to strengthen the region as an economic bloc in order to insert it successfully into the international economy. 3. Principles of SICA:
SICA has laid down fundamental principles which, inter-alia, expects member states to do “fulfilment of their obligations by refraining from establishing, agreeing or taking any action that is contrary to the provisions of SICA instrument” and to “respect the principles and norms of the charters of the United Nations and the Organisation of American States (OAS), and the
statements issued in the Central American Presidential meetings since May 1986
Comments
Post a Comment