APPENDIX TABLES Honduras WT/TPR/S/234 
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Table AI.1 
General merchandise exports and re-exports (f.o.b.) by product, 2003-2009 
(US$ million and per cent) 
Description 2003  2004 2005 2006 2007 2008a 2009a 
 (US$ million) 
Total 1,288 1,567 1,829 2,016 2,461 2,833 2,274 
 (Percentage of exports) 
Total primary products 70.5 71.5 74.2 71.3 69.2 67.1 69.5 
Agriculture 64.6 65.2 68.1 64.8 61.1 61.3 66.2 
Food (Chapters 01-24) 60.6 61.5 62.7 61.7 57.6 58.3 63.9 
0711 Coffee, not roasted, whether or not 
decaffeinated;  coffee husks and skins 18.4 21.5 19.4 20.3 20.5 21.3 23.1 
0573 Bananas (including plantains), fresh 
or dried 11.3 11.8 13.8 11.5 11.4 13.3 14.2 
0361 Crustaceans, frozen 4.8 3.7 9.5 10.1 6.5 5.0 5.8 
4222 Palm oil and its fractions 5.3 4.4 3.0 3.6 4.8 7.1 5.4 
1221 Cigars, cheroots and cigarillos, 
containing tobacco 1.1 1. 0 4.0 3.6 3. 9 4.3 2.7 
0579 Fruit, fresh or dried 5.1 4.8 3.0 2.6 2.3 2.0 2.8 
Agricultural raw materials (Chapter 44) 4.0 3.7 5.4 3.1 3.5 2.9 2.2 
2482 Wood of coniferous species, sawn or 
chipped lengthwise, of a thickness 
exceeding 6 mm. 1.2 1.4 1.5 1.2 1.3 1.0 0.7 
2484 Wood of non-coniferous species, 
sawn or chipped lengthwise, of a 
thickness exceeding 6 mm. 0.3 0.3 0.5 0.4 0.3 0.1 0.0 
2926 Bulbs, tubers and rhizomes of 
flowering or of foliage plants;  
cuttings, slips, live trees and other plants 0.3 0.3 0.2 0.2 0.2 0.2 0.3 
Mining 6.0 6.3 6.1 6.5 8.2 5.9 3.3 
Ores and other minerals 5.7 6.1 5.0 5.6 5.7 2.8 2.7 
2875 Zinc ores and concentrates 0.9 1.3 1.0 2.9 2.3 0.9 1.1 
2891 Precious metal ores and concentrates 4.1 3.7 3.6 2.3 2.4 1.2 0.8 
2874 Lead ores and concentrates 0.1 0.3 0.3 0.4 1.0 0.7 0.8 
Non-ferrous metals 0.0 0.0 0.9 0.4 0.4 0.2 0.4 
Fuels 0.2 0.1 0.7 0.1 0.2 0.1 0.3 
Manufactures (2005-2009 includes Chapters 28-43 and 45-89) 25.7 25.6 20.9 22.5 24.9 26.0 23.6 
Iron and steel 1.2 1.6 0.9 0.9 0.8 0.7 0.8 
6762 Bars and rods (other than those of 
subgroup 676.1) of iron or steel, not 
further worked than hot-rolled, 
hot-drawn or hot-extruded, but 
including those twisted after rolling 0.0 0.0 0.5 0.4 0.4 0.3 0.3 
6744 Flat-rolled products of iron or 
non-alloy steel, of a width of 
600 mm. or more 0.1 0.3 0.0 0.0 0.0 0.0 0.0 
6781 Wire of iron or non-alloy steel 0.3 0.3 0.1 0.2 0.1 0.1 0.1 
Chemicals 6.1 6.5 5.9 6.1 5.6 6.2 5.7 
5541 Soap;  organic surface-active 
products and preparations for use as 
soap, in the form of bars, cakes, moulded pieces or shapes, whether or 
not containing soap;  paper, wadding, 
felt and non-wovens, impregnated 3.3 3.8 2.2 2.2 1.7 1.8 2.1 
5411 Provitamins and vitamins, natural or 
reproduced 0.0 0.0 0.9 1.0 0.9 0.9 0.6 WT/TPR/S/234 Trade Policy Review 
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Description 2003  2004 2005 2006 2007 2008a 2009a 
Other semi-manufactures 7.3 5.5 5.5 5.5 6.2 6.0 4.6 
6421 Cartons, boxes, cases, bags and other 
packing containers, of paper, 
paperboard, cellulose wadding or 
webs of cellulose fibres;  box files, letter trays and similar articles, of paper or paperboard 1.1 1.0 0.6 0.5 0.7 0.8 1.0 
6931 Stranded wire, ropes, cables, plaited 
bands, slings and the like, of iron, 
steel, copper or aluminium, not 
electrically insulated 1.1 0.5 0.2 0.3 0.2 0.2 0.1 
Machinery and transport equipment 2.3 3.5 4.1 3.2 2.9 2.0 2.1 
Other electrical machinery (Chapter 85) 0.5 0.7 2.4 1.9 1.5 0.8 0.7 
7731 Insulated (including enamelled or 
anodized) wire, cable (including 
co-axial cable) and other insulated 
electric conductors, whether or not fitted with connectors;  optical fibre 
cables 0.5 0.6 0.6 0.8 1.2 0.6 0.4 
Textiles (2005-2009 does not include ma quila) 1.1 1.1 2.3 0.4 0.9 1.0 0.6 
Clothing 4.7 4.9 0.7 1.4 0.8 0.6 0.3 
8427 Women's or girls' blouses, shirts and 
shirt blouses of textile fabrics, not 
knitted or crocheted 0.7 1.1 0.0 0.0 0.2 0.0 0.0 
8414 Men's or boys' tr ousers, bib and brace 
overalls, breeches and shorts of 
textile fabrics, not knitted or 
crocheted 0.1 0.2 0.1 0.4 0.1 0.0 0.0 
Other consumer goods (Chapter 39) 2.9 2.5 4.5 5.3 7.3 6.8 4.7 
8931 Articles for the conveyance or 
packing of goods, of plastics;  
stoppers, lids, caps and other 
closures, of plastics 1.1 1.3 1.9 2.8 3.3 3.0 2.6 
Other 3.8 2.9 1.9 5.9 6.3 9.6 11.7 
a Preliminary data. 
Source : Information provided by the authorities. 
 Honduras WT/TPR/S/234 
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Table AI.2 
General merchandise imports (c.i.f.) by product, 2003-2009 
(US$ million and per cent) 
Description 2003 2004 2005 2006 2007 2008a 2009a 
 (US$ million) 
Total 3,142 3,685 5,853 5,643 7,224 8,831 6,184 
 (Percentage of imports) 
Total primary products 33.4 32.7 36.6 36.9 35.9 37.9 36.4 
 Agriculture 16.3 15.7 16.9 17.1 16.9 16.2 19.1 
 Food 15.4 15.0 16.6 16.8 16.5 15.8 18.7 
 0989 Food preparations 2.0 1.7 1.7 1.4 1.4 1.3 1.8 
 1110 Non-alcoholic beverages 0.5 0.6 0.7 0.9 0.9 0.8 1.0 
 0484 Bread, pastry, cakes, 
biscuits and other 
bakers' wares, whether or not containing cocoa 
in any proportion;  
communion wafers, empty cachets of a kind 
suitable for 
pharmaceutical use, sealing wafers, rice-paper and similar products 0.6 0.6 0.7 0.9 0.7 0.7 1.1 
 0449 Other maize, unmilled 0. 7 0.8 1.2 1.0 1.3 1.2 1.2 
 Agricultural raw materials 0.9 0.7 0.3 0.3 0.4 0.4 0.4 
 2690 Worn clothing and other 
worn textile articles;  
rags 0.3 0.3 0.3 0.3 0.4 0.3 0.4 
 Mining 17.1 16.9 19.7 19.8 19.0 21.7 17.3 
 Ores and other minerals 
 (Chapter 25) 0.2 0.2 0.2 0.2 0.3 0.2 0.2 
 Non-ferrous metals 0.9 0.7  0.7  0.8  0.7  0.6  0.5 
 6842 Aluminium and 
aluminium alloys, worked 0.8 0.6 0.6 0.7 0.6 0.5 0.4 
 Fuels 16.0 16.0 17.9 17.7 17.1 20.1 15.8 
 3421 Propane, liquefied 0.6 0.7 0.8 1.0 0.8 0.8 0.7 
Manufactures 66.5 67.3 74.04 73.82 74.04 71.86 72.64 
 Iron and steel 4.4 4.5 4.5 4.5 4.2 5.0 3.6 
 6757 Flat-rolled products of 
alloy steel 0.3 0.2 0.5 0.5 0.7 0.6 0.3 
 6726 Semi-finished products 
of iron or non-alloy 
steel, containing by 
weight less than 0.25% 
of carbon 0.5 0.6 0.7 0.5 0.6 0.9 0.3 
 Chemicals 16.5 15.6 17.22 16.26 16.09 15.87 18.49 
 5429 Medicaments 3.7 3.6 4.1 3.9 4.1 4.2 5.0 
 5421 Medicaments containing 
antibiotics or derivatives thereof 0.5 0.4 0.5 0.5 0.7 0.6 0.7 
 5621 Mineral or chemical 
fertilizers, nitrogenous 0.5 0.4 0.8 0.7 0.7 1.0 1.0 
 Other semi-manufactures 10.2 9.3 9.7 9.4 8.7 8.5 8.9 
 6414 Kraft paper and 
paperboard, uncoated, in rolls or sheets 0.8 0.8 0.6 0.7 0.7 0.5 0.4 WT/TPR/S/234 Trade Policy Review 
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Description 2003 2004 2005 2006 2007 2008a 2009a 
 6429 Articles of paper pulp, 
paper, paperboard or 
cellulose wadding 0.6 0.5 0.6 0.6 0.5 0.5 0.7 
 6424 Paper and paperboard, 
cut to size or shape 0.6 0.6 0.6 0.5 0.5 0.5 0.7 
 Machinery and transport  equipment 24.6 28.2 22.0 22.9 25.4 23.9 22.4 
 Power-generating machinery 1.4 6.6 1.9 1.8 1.6 1.7 1.6 
 7165 Generating sets 0.6 5.6 0.6 0.5 0.4 0.6 0.3 
 Other non-electrical  machinery 6.3 5.4 6.8 7.0  8.0 7.5 6.6 
 7284 Machinery and 
mechanical appliances 
specialized for particular 
industries 0.3 0.1 0.2 0.1 0.7 1.0 0.1 
 7414 Refrigerators, freezers 
and other refrigerating 
or freezing equipment (electric or other), other 
than household-type 
refrigerators and freezers;  parts of refrigerators 0.2 0.2 0.2 0.2 0.3 0.3 0.3 
 Agricultural machinery and 
 tractors 0.6 0.4 0.2 0.2 0.4 0.4 0.3 
 Office machines and 
 telecommunications 
 equipment 5.1 5.6 5.5  5.5  5.7  5.7  6.3 
 7643 Transmission apparatus 
for radio 0.7 1.5 1.4 1.4 0.0 0.0 0.0 
 7641 Electrical apparatus for 
line telephony or line 
telegraphy (including such apparatus for 
carrier-current line 
systems) 0.4 0.5 0.6 0.5 0.0 0.0 0.0 
 Other electrical machinery 3.6 3.2 3.5 3.7 3.7 3.4 3.0 
 7731 Insulated (including 
enamelled or anodized) 
wire, cable (including co-axial cable) and other 
insulated electric 
conductors, whether or not fitted with 
connectors;  optical fibre 
cables 0.4 0.5 0.6 0.8 0.8 0.9 0.5 
 7752 Household-type 
refrigerators and food 
freezers (electrical and 
other) 0.8 0.7 0.6 0.7 0.6 0.4 0.5 
 Automotive products (Section 17) 6.6 5.8 6.3 6.9 8.1 7.0 6.5 
 7821 Motor vehicles for the 
transport of goods 2.7 2.2 2.5 2.7 3.1 2.7 2.5 
 7812 Motor vehicles for the 
transport of persons, 
n.e.s. 2.6 2.3 2.0 2.3 2.9 2.1 2.0 
Textiles (Chapters 50-60) 1. 5 1.4 4.3 4.0 3.5 3.3 4.0 
Clothing 1.8 1.3 1.4 1.6 1.5 1.2 1.3 
Other consumer goods 7.5 6.8 4.3 4.4 4.7 4.3 4.9 Honduras WT/TPR/S/234 
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Description 2003 2004 2005 2006 2007 2008a 2009a 
 8931 Articles for the 
conveyance or packing 
of goods, of plastics;  stoppers, lids, caps and 
other closures, of 
plastics 1.1 0.9 1.0 1.0 1.0 1 .0 1.1 
Other 0.1 0.1 0.1 0.1 0.1 0.1 0.1 
a Preliminary data. 
Source : Information provided by the authorities. 
 WT/TPR/S/234 Trade Policy Review 
Page 116 
 
 
Table AI.3 
General merchandise exports and re-expor ts (f.o.b.) by trading partner, 2003-2009 
(US$ million and per cent) 
Description 2003 2004 2005 2006 2007 2008a 2009a 
 (US$ million) 
Total exports 992 1,194 1,294 2,016.3 2,461.3 2,833.1 2,273.6 
 (Percentage of exports) 
America 77.0 75.6 71.0 71.3 75.2 75.9 72.0 
USA 43.9 44.1 41.6 39.5 42.2 40.8 39.8 
Other America 33.1 31.6 29.4 31.8 33.0 35.1 32.2 
Canada 0.3 0.7 0.9 0.4 0.5 1.5 1.0 
Guatemala 7.0 6.7 7.1 7.0 6.9 6.7 7.4 
El Salvador 12.0 10.7 9.8 9.4 9.6 8.9 8.9 
Mexico 2.8 3.4 2.1 3.6 4.5 6.5 2.2 
Nicaragua 2.9 4.2 4.0 4.9 5.3 4.8 5.1 
Costa Rica 2.6 1.8 1.6 2.2 2.3 2.4 2.4 
Panama 0.5 0.5 0.4 0.7 0.8 0.8 0.7 
Dominican Republic 0.3 0.3 0.5 0.7 0.6 0.8 1.1 
Jamaica 1.3 1.1 0.5 0.9 0.5 0.4 0.3 
        
Europe 19.2 20.6 22.8 24.8 21.4 19.1 22.8 
EU (27) 18.2 20.0 22.1 21.7 20.9 16.2 21.3 
Germany 6.0 8.1 8.3 7.0 7.3 5.5 7.5 
Belgium 3.0 3.7 5.2 6.6 4.9 5.6 4.1 
Netherlands 2.9 2.1 2.7 2.3 2.0 1.2 0.9 
Spain 1.5 1.1 1.1 4.2 3.0 1.4 1.8 
Italy 0.7 1.4 1.7 0.9 1.0 0.8 1.7 
United Kingdom 0.6 0.6 0.5 1.1 0.8 1.7 2.7 
EFTA 0.4 0.3 0.6 1.8 0.3 2.3 2.6 
Switzerland and Liechtenstein 0.2 0.2 0.4 0.0 0.0 0.0 0.0 
Other Europe 0.6 0.2 0.1 1.8 1.9 2.3 2.6 
        
CIS (Commonwealth of Independent States) 0.1 0.3 0.5 0.0 0.0 0.0 0.2 
        
Africa 0.1 0.0 0.0 0.0 0.0 0.0 0.0 
        
Middle East 0.1 0.1 0.1 0.0 0.0 0.0 0.0 
Israel 0.0 0.1 0.1 0.0 0.0 0.0 0.0 
        
Asia 3.3 3.2 5.1 2.9 4.3 3.8 4.1 
China 0.3 0.7 1.4 0.5 0.7 1.1 1.7 
Japan 1.5 1.1 1.2 1.0 0.8 0.9 0.9 
Republic of Korea 0.4 0.3 1.0 1.3 0.0 1.0 1.4 
Hong Kong, China 0.1 0.0 0.1 0.0 0.0 0.0 0.0 
Thailand 0.0 0.0 0.0 0.0 0.0 0.0 0.0 
Singapore 0.0 0.0 0.0 0.0 0.0 0.0 0.0 
Chinese Taipei 0.0 0.1 0.3 0.1 0.3 0.8 0.1 
Other Asia 0.8 0.9 1.2 0.0 0.8 0.0 0.0 
Australia 0.1 0.1 0.2 0.2 0.8 0.0 0.0 
        
Other 0.3 0.2 0.5 1.0 0.1 1.2 0.9 
a Preliminary data. 
Source : Data provided by the authorities. Honduras WT/TPR/S/234 
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Table AI.4 
General merchandise imports (c.i.f.) by trading partner, 2003-2009 
(US$ million and per cent) 
Description 2003 2004 2005 2006 2007 2008a 2009a 
 (US$ million) 
World 3,142 3,685 4,419 5,643 7,224 8,831 6,184 
 (Percentage of imports) 
America 81.4 78.0 82.9 84.9 83.1 83.2 82.2 
USA 39.8 37.0 36.8 35.9 40.2 40.1 34.0 
Other America 41.6 41.0 46.1 48.9 44.2 43.1 48.3 
Canada 0.7 0.5 0.5 0.7 0.5 0.9 0.5 
Guatemala 7.8 7.4 7.8 9.1 8.7 8.7 10.1 
Mexico 6.0 5.6 5.7 4.7 5.4 5.6 6.6 
El Salvador 4.9 4.3 4.6 5.7 5.6 5.4 6.4 
Costa Rica 4.5 4.6 4.7 5.0 4.5 4.0 4.6 
Panama 3.7 2.7 3.0 4.6 3.8 4.3 3.0 
Brazil 2.4 2.4 3.1 2.3 2.0 1.5 1.8 
Nicaragua 1.3 1.5 1.4 1.9 1.8 1.4 2.0 
Venezuela 2.5 2.4 2.3 0.8 1.1 1.6 2.5 
        
Europe 8.2 12.4 7.6 6.8 7.4 7.8 7.1 
EU (27) 7.5 11.6 6.9 5.5 5.7 6.4  
Germany 1.5 3.3 1.8 1.2 1.4 1.8 1.4 
Sweden 1.0 0.8 1.0 0.8 1.0 1.3 0.7 
Spain 1.4 1.6 1.1 1.2 1.0 1.0 1.0 
Italy 0.5 0.5 0.5 0.6 0.6 0.4 0.3 
France 0.7 0.5 0.6 0.4 0.4 0.5 0.5 
EFTA 0.5 0.4 0.4 0.2 0.4 1.4 1.4 
Switzerland and Liechtenstein 0.4 0.4 0.4 1.4 0.0 0.0 0.0 
Other Europe 0.1 0.3 0.2 1.4 0.0 1.4 1.4 
        
Commonwealth of Independent States (CIS) 1.3 1.1 0.6 0.0 0.0 0.3 0.3 
Russian Federation 0.3 0.6 0.5 0.0 0.0 0.3 0.3 
        
Africa 0.2 0.3 0.3 0.0 0.0 0.0 0.0 
        
Middle East 0.2 0.3 0.2 0.0 0.0 0.0 0.0 
Israel 0.1 0.2 0.2 0.0 0.0 0.0 0.0 
        
Asia 8.6 7.6 7.9 9.4 12.6 9.0 10.2 
China 1.2 1.8 2.3 2.4 3.0 3.4 4.4 
Japan 3.8 2.3 2.0 2.5 2.7 1.7 1.5 
Republic of Korea 0.7 0.7 0.6 0.8 0.8 0.8 0.8 
Thailand 0.2 0.2 0.3 0.3 0.7 1.0 1.1 
Hong Kong, China 0.5 0.5 0.5 0.0 0.0 0.0 0.0 
Malaysia 0.2 0.4 0.2 0.1 0.2 0.2 0.2 
Singapore 0.0 0.0 0.0 0.0 0.0  0.0 
Chinese Taipei 0.7 0.7 0.8 0.6 0.6 0.5 0.6 
Other Asia 1.3 1.1 1.1 0.5 1.3 0.7 0.8 
India 0.3 0.4 0.4 0.5 0.3 0.7 0.8 
Australia 0.2 0.2 0.1 0.0 0.3 0.0 0.0 
        
Other 0.1 0.4 0.5 1.2 1.3 0.8 1.2 
a Preliminary data. 
Source : Information provided by the authorities. WT/TPR/S/234 Trade Policy Review 
Page 118 
 
 
Table AII.1 
Description of preferential trade agreements involving Honduras, 2010 
Central American Common Market and related agreements 
Parties Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua 
Date of signature/entry into force 13 December 1960 / 4 June 1961 
Transition period for full implementation There is no specific timeframe for applying free trade arrangements between the 
Central American countries to 100% of prod ucts;  however, pursuant to Art.  XXXI, 
Chap. XI, of the General Treaty on Central American Economic Integration, the Treaty shall remain effective for a period of 20 years fr om the date of its entr y into force and shall 
be indefinitely. 
Duty-free lines All are covered, excep t for unroasted coffee, and sugar. 
Goods-related provisions Customs tariff and regime, uniform customs code, re gulations on the origin of goods, 
safeguard measures, dispute settlement mechan ism, sanitary and phytosanitary measures. 
Services related provisions A Treaty on Investment and Trade in Services ha s been negotiated between the States 
Parties involved in the integration process;  a Protocol of Amendment was subsequently 
negotiated and signed on 22 February 2007.  This Protocol entered into effect for 
Honduras on 20 June 2008. 
Other provisions Unfair trade practices, standardizatio n measures, metrology and authorization procedures. 
Related WTO documents Notification:  GATT docum ent L/1425 of 24 February 1961;  Biennial Report 
WT/REG93/R/B/2 of 6 October 2004. 
Relevant website http://www.sieca.org.gt/site/ 
Dominican Republic-Central America -United States Free Trade Agreement (DR CAFTA) 
Parties CACM members, Dominican Republic, United States 
Date of signature/entry into force 5 August 2004 / 1 March 2006 
Transition period for full implementation 20 years 
Duty-free lines Only white maize is excluded;  40 are subject to tariff quotas. 
Goods-related provisions Market access, rules of origin, customs administra tion and trade facilitation;  SPS and 
TBT. 
Services related provisions "Negative lis t" approach to liberalization;  M ode 4 excluded;  investment related 
provisions;  chapters on financia l and telecommunication services. 
Other provisions Government procurement;  investment, intellectual property, labour rights, environment, 
transparency, dispute settlement. 
Related WTO documents Notification:  Notificati ons GATS S/C/N/369 of 12 July 2006 and S/C/N/391 of 
6 March 2007;  text, WT/REG211/1 of 7 June 20 06;  terms of reference, WT/REG211/2 of 
3 July 2006;  entry into force, WT/REG211/N/3 of 17 August 2006;  agencies responsible 
for implementation and enforcemen t, WT/REG211/N/4 of 6 March 2007. 
Relevant websites http://www.sic.gob.hn 
Northern Triangle Mexico FTA 
Parties El Salvador, Guatemala, Honduras, and Méxicoa 
Date of signature/entry into force 29 June 2000 / 15 March 2001 
Transition period for full implementation 12 years 
Duty-free lines Exemptions for live swine, poultry, pork , chicken cuts, dairy products, beans, fruit, coffee, 
maize and rice. 
Goods-related provisions Market access for goods, customs proce dures, rules of origin, tec hnical standards, sanitary 
and phytosanitary measures, safeguards. 
Services related provisions Trade in services, financ ial services, temporary entry of company staff;  
telecommunications. 
Other provisions Investments, intell ectual property and dispute settlement. 
Related WTO documents Notification:  WT/REG212/N/1 of 30 May 2006, S/C/N/367 of 30 May 2006;  terms of 
reference WT/REG211/1 of 27 September 2006. 
Relevant websites http://www.sic.gob.hn Honduras WT/TPR/S/234 
 Page 119 
 
 
FTA with the Dominican Republic 
Parties CACM members and the Dominican Republic 
Date of signature/entry into force 16 April 1998 / 15 October 2001 
Transition period for full implementation 6 years 
Duty-free lines Exemptions for chicken cuts, certain dairy products, onions, beans, coffee, rice, soya bean 
oil, sugar, alcohol, tobacco, certain petroleu m by products and certain  textile and clothing 
products. 
Goods-related provisions Market access for goods, customs pr ocedures, rules of origin , SPS, TBT;  unfair trade 
practices, safeguards. 
Services related provisions Chapter on servic es;  temporary entry of business persons. 
Other provisions Investment, govern ment procurement, acquisitions, intellectual property, dispute 
settlement. 
Related WTO documents Not notified to the WTO. 
Relevant website http://www.sic.gob.hn 
FTA with Chile 
Parties CACM members and Chile 
Date of signature/entry into force 18 June 1999 / 3 June 2002 
Transition period for full implementation 16 years 
Duty-free lines Exemptions for live animals, meat and edible offal,  tobacco and manufactured tobacco 
substitutes, certain iron and steel products, arms and ammunition. 
Goods-related provisions Market access, ru les of origin, customs procedures, safeguard measures, unfair practices, 
sanitary and phytosanitary m easures, technical regulations. 
Services related provisions Chapter on serv ices, air transport, telecommunications. 
Other provisions Investment, gove rnment procurement, competition policy, dispute settlement. 
Related WTO documents Not notified to the WTO. 
Relevant website http://www.sic.gob.hn 
FTA with Colombia 
Parties El Salvador, Guatemala, Honduras and Colombia 
Date of signature/entry into force 9 August 2007 / 26 March 2010 
Transition period for full implementation 20 years 
Duty-free lines Exemptions include  processed foods, waste, pharmaceuti cal products, toiletries and paint. 
Goods-related provisions National treatment and market access for goods, rules of orig in, customs procedures 
relating to the origin of go ods, trade facilitation, safeguard measures, antidumping and 
countervailing measures, sanitary and phytosanita ry measures, technical barriers to trade. 
Services related provisions Chapters on cross border trade in services and the temporar y entry of business persons. 
Related WTO documents Not notified to the WTO. 
Relevant website http://www.sic.gob.hn 
FTA with Panama 
Parties Honduras and Panama 
Date of signature/entry into force 6 March 2002 / 9 January 2009 
Transition period for full implementation 10 years 
Duty-free lines Exemptions for live animals, meat and edible offal,  coffee, dairy products, certain textiles 
and vehicles. 
Goods-related provisions Market access for goods, rules of or igin, customs procedures, safeguard measures, unfair 
practices, sanitary and phytosanitary  measures, technical regulations. 
Services related provisions Chapte r on services, financial services, air transport, telecommunications. 
Other provisions Investment, governme nt procurement, competition policy,  intellectual property, dispute 
settlement. 
Related WTO documents Notification:  Documents WT/REG278/N/1 and S/C/N/535 of 17 December 2009. 
Relevant websites http://www.sic.gob.hn 
http://www.mici.gob.pa/TLC nuva.php WT/TPR/S/234 Trade Policy Review 
Page 120 
 
 
FTA with Chinese Taipei 
Parties El Salvador, Honduras and the Separate Customs Territory of Taiwan, Penghu, Kinmen 
and Matsu 
Date of signature/entry into force 7 May 2007 / 1 March 2008 
Transition period for full implementation 15 years 
Duty-free lines Exemptions for beef, pork, chicke n, seafood, processed meat, certain dairy products, 
potatoes, garlic, fruit, tea, rice, flour, peanut s, fats and oils, chocolate, pastry products, 
sugar, bread products, processe d foods, alcoholic beverages,  tobacco, certain petroleum by 
products, pharmaceutical products, toiletries, certain plastic products, certain wood and 
paper products, and certain te xtile and clothing products. 
Goods-related provisions Market access for goods, customs pr ocedures, rules of origin , SPS, TBT, unfair trade 
practices, safeguards. 
Services related provisions Trade in services, temporary entry of business persons, chapters on air and maritime 
transport, investment. 
Other provisions Transparency, disput e settlement, intellectual property. 
Related WTO documents Not notified to the WTO. 
Relevant website http://www.sic.gob.hn 
a Trade between El Salvador, Guatemala and Honduras continues to be governed by  the CACM agreements;  the Northern 
Triangle FTA consists of three bilateral agreements between Mexico and its Ce ntral American partners. 
Source : WTO Secretariat based on informa tion provided by the authorities. 
 
 Honduras WT/TPR/S/234 
 Page 121 
 
 
Table AIII.1 
Main taxes on goods and services which may be applied to imports, October 2009 
Tax and legal basis Type of tax Exemptions Rate 
Sales tax (Decree 
No. 24-63;  most recent 
amendment:  Decree 
No. 51-2003) Applied at the import stage 
and throughout the sales process - Products included in the basic 
basket (approximately 150 food products) 
- Sweetened bread products 
(pan dulce ) in general 
- All domestically grown fruit 
- Domestically produced beef, 
frozen;  domestically produced 
meat of sheep or goats, fresh, 
chilled or frozen;  domestically 
produced edible offal of bovine animals, swine, sheep and goats, 
chilled or frozen;  domestically 
produced meat and edible offal of poultry, fresh, chilled or frozen;  
domestically produced sausages of 
meat and offal in natural and artificial casings;  other 
domestically produced meat and 
edible offal, fresh, chilled or frozen;  all types of domestically produced frozen fish, and dried, salted fish 
- Ice creams containing domestic raw 
materials 
- Flavoured liquid milk containing at 
least 70% domestic raw materials 
- Fruit juices in general containing 
domestic raw materials 
- Domestically produced flowers - Pharmaceutical products for human 
use 
- First aid boxes or kits - Machinery, equipment and spare 
parts for electricity generation 
- Petrol and other petroleum 
by-products 
- Books and newspapers;  scientific, 
technical and cultural reviews;  
exercise books, school materials, artistic paintings and sculptures;  some handicrafts 
- Bovine skins and hides for small 
industries and handicrafts 
- Tools, equipment, accessories and 
spare parts used for agricultural and 
livestock production, pharmaceutical products for 
veterinary use, agro-chemicals, 
fertilizers, fungicides, herbicides, pesticides, insecticides, 
concentrates for animal use, 
mixtures for animals, alfalfa, dried fodder, fish meal, meat and bone 
meal, coconut and wheat bran and 
all other ingredients for animal use, 
seeds and bulbs for planting 
- Live animals and frozen semen of 
animal origin 
- Machinery and apparatus for the 
dairy industry and spare parts 
thereof General rate of 12%;  15% in the case 
of beer, spirits (" aguardiente "), 
blended spirits and other alcoholic 
beverages, cigarettes and other tobacco 
products WT/TPR/S/234 Trade Policy Review 
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Tax and legal basis Type of tax Exemptions Rate 
  - Raw materials and materials needed 
for the production of articles 
exempt from tax 
- Electricity, drinking water and 
sewage services;  professional and 
teaching services, among others 
- Freight service for products 
destined for export 
- Transport service for petroleum 
products 
- Sodium hypochlorite, chlorine gas, 
chlorine and calcium hypochlorite  
Production and 
consumption tax (IPC)    
Alcohol suitable for 
drinking (Decree 
No. 219-2003)   US$0.1556 per litre 
Fully denatured alcohol 
(Decree No. 219-2003)   US$0.0056 per litre 
Sparkling beverages and 
other ready-made 
drinks a Specific tax on domestic and 
imported products None US$0.0213 per litre 
Beera Specific tax on domestic and 
imported products None US$0.1692 per litre 
Winea Specific tax on domestic and 
imported products None US$0.1920 per litre 
Brandy, cognaca Specific tax on domestic and 
imported products None US$2.6954 per litre 
Whiskya Specific tax on domestic and 
imported products None US$1.6744 per litre 
Aged rum 40°a Specific tax on domestic and 
imported products None US$0.8936 per litrea 
Aged rum 38°a Specific tax on domestic and 
imported products None US$0.8478 per litre 
Aged rum 36°a Specific tax on domestic and 
imported products None US$0.7987 per litre 
Spirits (" aguardiente ") 
45°a Specific tax on domestic and 
imported products None US$0.2333 per litre 
Spirits (" aguardiente ") 
40°a Specific tax on domestic and 
imported products None US$0.2042 per litre 
Spirits (" aguardiente ") 
38°a Specific tax on domestic and 
imported products None US$0.1750 per litre 
Spirits (" aguardiente ") 
30°a Specific tax on domestic and 
imported products None US$0.1725 per litre 
Gin and Geneva;  vodka 
and tequilaa Specific tax on domestic and 
imported products None US$1.1030 per litre 
Liqueurs (including 
cream liqueurs) and 
cordialsa Specific tax on domestic and 
imported products None US$0.8790 per litre 
Ready-made beverages 
(breezers, coolers etc.)a Specific tax on domestic and 
imported products None US$0.8790 per litre 
IPC on cigarettes 
(Decree No. 106-55;  
most recent amendment:  
Decree No. 219-2003) Tax on domestic and 
imported products (based on 
the consumer price 
excluding tax) None 47.5% Honduras WT/TPR/S/234 
 Page 123 
 
 
Tax and legal basis Type of tax Exemptions Rate 
Selective consumption 
tax (Decree No. 58-82;  
most recent amendment:  
Decree No. 194-2002) Tax on some 50 products None 10%: 
- Aquarium fish:  Fish, crustaceans, 
molluscs and preparations thereof, 
including caviar and edible fish 
eggs, in hermetically sealed 
packaging or prepared in a manner 
n.e.s., except for sardines; 
- Chewing gum, except in the form of 
balls or coins, whether or not candy 
coated, sold to  the public in 
individual units; 
- Healthy or instant coffee;  tea;  
alcoholic beverages other than beer;
- Olive oil; 
- Perfumery and cosmetic products 
and other toiletries, not including 
toothpaste or mouthwash; 
   - Other, except for tableware and 
kitchenware of china and pottery; 
- Jewellery of gold and silver, and 
goldsmiths' and silversmiths' wares;
- Coin-operated games;  motorized 
electrically operated toys and 
clockwork toys, and motors for 
toys; 
- Lighters of all kinds; - Perfume atomizers or vaporizers 
and refills therefor; 
- 10-60% for vehicles depending on 
the c.i.f. value of the vehicle
b 
Tax on petroleum 
by-products (Decree 
No. 41-2004) Specific tax on domestic and 
imported products Private electricity producers Tax per gallon in US$: 
Premium-grade petrol 1.1589 
Regular-grade petrol 0.9916 Diesel 0.6106 
Bunker fuel 0.4267 
Kerosene 0 LPG (less than 25 lb.) 0.2118 
LPG (more than 25 lb.) 0.2100 
AvJet 0.0300 
a Decree No. 3-1958;  most recent amendment:  Decree No. 51-2003. 
b Decree No. 17-2010, Law on Revenue Enhanc ement, Social Equity and Rationalizati on of Public Expenditure, 22 April 2010. 
Source : WTO Secretariat on the basis of informa tion provided by the Honduran authorities. 
 WT/TPR/S/234 Trade Policy Review 
Page 124 
 
 
Table AIV.1 
Agricultural support programmes 
Type/nature of 
funding Brief description of 
project Cost of project (US$ million) 
Name of project 
  External 
funding 
(loan) External 
funding 
(donation)National 
funding Local 
contribution  Total 
 0.5   2.2 
   1.1  
   0.2  
   0.2  
  0.2   Pilot project on socially 
responsible rural fish 
farming in Honduras  
2007-2009 Non-repayable 
National Develop fish farming 
in rural communities 
with a view to 
alleviating poverty, 
improving the nutritional status of 
the population and 
generating 
employment 0.0 0.5 0.2 1.5  
Woodland and rural 
productivity project 
(PBPR)  
21/12/2004-31/01/2010 Repayable 
Multilateral Improve access to 
natural resources 
20.4  4.5  24.9 
Irrigation enhancement 
project for the Western 
Comayagua Valley micro-watershed 
(PROMORCO)  
01/2004-01/2008 Repayable 
Multilateral Raise the income 
levels and increase 
the food security of 
1,222 families 
7.0 0.05 1.4  8.45 
Agribusiness 
development 
programme for small and medium-sized African palm producers 
(PROPALMA)  
01/01/2007-01/01/2010 Repayable 
Bilateral Support for small and 
medium-sized African 
palm producers through the integration of palm oil 
production, 
processing and marketing.  
Replanting and 
expansion of 28,000 ha. of African palm crops. 
Setting up of two 
oil-extraction plants 7.0  1.05  8.05 
Sustainable rural 
development project for 
ecologically vulnerable 
areas in the Trifinio 
region (PRODERT)  
06/2003-12/2009 Repayable 
Multilateral Contribute to the 
sustainable 
development of 
ecologically 
vulnerable areas in 
the Trifinio region 12.8  1.6 1.5 15.9 
PYMERURAL 
programme  
01/09/08-31/12/2012 Non-repayable 
Bilateral Promotes the 
integration of micro, 
small and medium-sized rural 
enterprises (MSME) 
into agro-industrial chains and tourism clusters    4.2 4.2 
Provision of inputs to vulnerable sectors of the 
population within the 
framework of the Initiative on Soaring 
Food Prices 
(ISFP)  
01/07/2008-31/12/2009 Non-repayable Small-scale 
production of staple 
grain seed to support 
families in rural areas affected by soaring food prices 
 0.5   0.5 
National programme for 
local development 
(PRONADEL)  
06/2003-06/2008 Repayable 
Multilateral Promote sustainable 
rural development 
43.0  2.3  45.3 Honduras WT/TPR/S/234 
 Page 125 
 
 
Type/nature of 
funding Brief description of 
project Cost of project (US$ million) 
Name of project 
  External 
funding 
(loan) External 
funding 
(donation)National 
funding Local 
contribution  Total 
Trust for the 
administration of the 
fund for the 
restructuring of staple grain-producing farms  
06/2005-08/2009 Non-repayable 
Bilateral Provide credit to 
small and 
medium-sized maize 
producers 
    2.1 
Promotion of bean seed 
production in the 
Jamastran Valley  
11/2006-Ongoing Non-repayable 
Bilateral Promote the 
installation of drip 
irrigation systems;  provide credit to 
small-scale bean 
producers     0.2 
Socio-productive 
initiatives carried out 
with the participation of women within the 
framework of food and 
nutritional security policy implementation in 
the poorest 
municipalities of Honduras/Honduran 
food security support 
programme (PASAH)  
05/2007-07/2008 Non-repayable 
Multilateral n.a. 
    1.4 
  n . a .       
Project for fisheries 
development in the Gulf 
of Fonseca  
25/03/04-Indefinite Non-repayable n.a. 
0.74    0.74 
Efficiency improvement 
in the marketing of 
small-scale fishery 
products in Central America and the 
Caribbean  
2006 Non-repayable Improve distribution 
channels for fishery 
products on the 
domestic and export 
markets 
 0.5   0.5 
Technology voucher 
project  
01/05/2009-31/12/2009 Non-repayable The project seeks to 
improve rural 
population food security by increasing 
the production of 
staple grains using appropriate 
technology  12.2   12.2 
Strengthening of local 
management of natural 
resources in the Patuca 
and Choluteca river 
basins (FORCUENCAS)  
06/12/2002-05/12/2009 Non-repayable 
Multilateral Sustainable 
conservation and 
management of 
natural resources and 
funding for environment-related investment projects N/A 34.0 4.9 5.7 44.6 
Project for rural competitiveness in 
Honduras  
(COMRURAL)  
2008-2013 Repayable 
Bilateral Funding and technical 
support for 
investment projects of 
small and medium-sized producers 34.0  17.2  51.2 WT/TPR/S/234 Trade Policy Review 
Page 126 
 
 
Type/nature of 
funding Brief description of 
project Cost of project (US$ million) 
Name of project 
  External 
funding 
(loan) External 
funding 
(donation)National 
funding Local 
contribution  Total 
Promoting the 
integrated management 
of ecosystems and 
natural resources in Honduras/00034579  
20/05/2004-20/05/2009 Non-repayable 
Multilateral n.a. 
4.2     
Improving the 
competitiveness of the 
rural economy in Yoro (PROMECOM)  
2008-2015 Repayable 
Multilateral Strengthen producers' 
organizations 
11.1  2.7  13.8 
Creation and operation 
of a revolving fund for 
financing improved 
agricultural tools for small-scale staple grain 
producers in Francisco 
Morazán, Yoro, Olancho and El Paraíso  
01/06/2007-31/06/09 Non-repayable 
Bilateral Provide credit to 
small and 
medium-sized staple 
grain producers to buy animal-drawn 
agricultural 
implements 
 0.2   0.2 
Supervised livestock 
module  
01/06/07-31/12/09 Non-repayable 
Bilateral Donate livestock to 
small-scale producers 
 0.8   0.8 
Potato seed production 
in Honduras  
01/10/2008-30/04/2010 Non-repayable 
Bilateral Seed production 
 0.6   0.6 
Availability of staple 
grain thanks to the 
reduction of 
post-harvest losses  
1980-Indefinite Non-repayable Creation of a 
"community grain 
bank" for small-scale 
producers, for the 
purchase, storage and marketing of maize, beans and sorghum  0.9 0.4  1.3 
Support for small-scale farmers in the 
department of Olancho  
1995-Indefinite Non-repayable Development 
assistance from trust 
funds managed by 
FAIL, FADM and 
SFR  1.2 0.7  2.0 
Environmental 
management of the Sico 
Valley and Paulaya  
1996-Indefinite Non-repayable 
Bi-national n.a. 
 0.8 0.1  0.9 
Conservation and 
economic development 
of natural resources 
(western component)  
2005-2014 Non-repayable 
Bi-national Promote the 
conservation and 
sustainable use of 
natural resources with 
a view to increasing the productivity of agricultural activities  5.4 2.0  7.4 
Rural business promotion 
(PRONEGOCIOS 
RURALES)/Inter-American Development Bank 
(IDB)  
2008-2013 Repayable Support for rural 
business services and investment credits 
27.1  5.0  32.1 
National plan for rural 
credit funds  
2006-2010 Non-repayable Financing for small 
and medium-sized 
producers in rural 
areas  0.1 0.3  0.4 Honduras WT/TPR/S/234 
 Page 127 
 
 
Type/nature of 
funding Brief description of 
project Cost of project (US$ million) 
Name of project 
  External 
funding 
(loan) External 
funding 
(donation)National 
funding Local 
contribution  Total 
Prevention and control 
of highly pathogenic 
avian influenza  
11/2008-06/2011 Non-repayable 
Multilateral Provide technical 
assistance to the 
Honduran 
government so that it may build capacity in 
respect of the 
prevention, control and early detection of avian influenza 0.3    0.3 
National plan for rural 
credit funds  
2006-2010 Non-repayable 
Multilateral Provide loans to small 
and medium-sized 
producers in rural 
areas 0.13 0.33   0.46 
   (millions of lempiras) 
Granting of own funds  
01/2009-12/2009 Non-repayable 
National   16.1  16.1 
Granting of trust funds  
01/2009-12/2009 Repayable 
National Loans for the 
development of 
agriculture, livestock, 
fisheries, poultry-farming, 
bee-keeping, forestry 
and activities relating to the processing of 
the products thereof, 
including marketing   29.1  29.1 
Microcredit for micro, 
small and medium-sized 
enterprises  
03/2009-Indefinite Repayable 
National Support for micro, 
small and 
medium-sized 
producers in 
Honduras   13.0  13.1 
n.a. Not available. 
Source : Information provided by the Ministry of Agriculture and Livestock (SAG). 
 WT/TPR/S/234 Trade Policy Review 
Page 128 
 
 
Table AIV.2 
Summary of GATS commitmentsa 
   Market access National treatment 
Horizontal limitationsb         
Modes of supply:         
Cross-border supply 1    1    
Consumption abroad  2    2   
Commercial presence   3    3  
Presence of natural persons    4    4 
  No  No Yes Yes  No No Yes Yes 
Specific commitments 
Modes of supply         
Cross-border supply 1    1    
Consumption abroad  2    2   
Commercial presence   3    3  
Commitments (■ full;  ◨partial;  □ no commitment;  - does not appear in the Schedule)
         
1. Business services         
A. Professional services − − −  − − −  
B. Computer and related services, exclusively:         
Data processing servicesc ■ ■ ■  ■ ■ ■  
Software development servicesc ■ ■ ◨  ■ ■ ■  
C. Research and development services − − −  − − −  
D. Real estate services − − −  − − −  
E. Rental/leasing services without operators − − −  − − −  
F .  O t h e r  b u s i n e s s  s e r v i c e s          
a. Advertising servicesc  ■ ■  □ ■ ■  
2. Communication services         
A. Postal services − − −  − − −  
B. Courier services − − −  − − −  
C. Telecommunication services ◨ ◨ ◨  ◨ ◨ ◨  
(a) Local and domestic long- distance telephone services □ ■ ◨  □ ■ ■  
(a) International telephone services ◨ ■ ◨  □ ■ ■  
(a) Public telephone services □ ■ ◨  □ ■ ■  
(b) and (c) data transmission services □ ■ ■  □ ■ ■  
(d) and (e) telex and telegraph services □ ■ ◨  □ ■ ■  
(g) Leased circuit services (carrier services) □ ■ ◨  □ ■ ■  
(o) Mobile telephone services: 
 Cellular mobile telephone services 
 Personal communications services (PCS) □ ■ ◨  □ ■ ■  
D. Audiovisual services − − −  − − −  
3. Construction services − − −  − − −  
4. Distribution services − − −  − − −  
5. Educational services − − −  − − −  
6. Environmental servicesc − − −  − − −  
7. Financial services         
A. Insurance and insurance-rela t e d  s e r v i c e s          
Life and general insurance services and reinsurance □ □ ◨  □ □ ■  
Services auxiliary to insurance □ □ ■  □ □ ■  
B .  B a n k i n g  s e r v i c e s :          
Deposit taking (sight deposits, savings deposits and term 
deposits in local currency)c □ □ ◨  □ □ ■  Honduras WT/TPR/S/234 
 Page 129 
 
 
   Market access National treatment 
Lending of all types (in local currency, excluding 
mortgages)c □ □ ◨  □ □ ■  
Provision of financial information □ □ ■  □ □ ■  
8. Health-related and social services − − −  − − −  
9. Tourism and travel-related services         
A .  H o t e l s  a n d  r e s t a u r a n t s          
Hotels □ ■ ■  □ ■ ■  
Restaurants □ ■ ■  □ ■ ■  
B. Travel agencies and tour operator servicesc − − −  − − −  
C. Tourist guide services − − −  − − −  
D. Other − − −  − − −  
10. Recreational and sporting services − − −  − − −  
11. Transport services         
Car rental □ ■ ■  □ ■ ■  
A. Maritime − − −  − − −  
B. Internal waterways − − −  − − −  
C .  A i r          
Maintenance and repair services □ ■ ■  □ ■ ■  
Sale or marketing of transport services □ ■ □  □ ■ □  
Computerized reservation services ■ ■ □  ■ ■ □  
D. Space − − −  − − −  
E. Rail − − −  − − −  
F. Road − − −  − − −  
G. Pipeline − − −  − − −  
H. Auxiliary − − −  − − −  
I. Other − − −  − − −  
12. Other services − − −  − − −  
a The only authentic source of information on the above comm itments is Honduras' Schedule of Specific Commitments, as 
contained in WTO documents GATS/SC/38 of 15 Apr il 1994, GATS/SC/38/Suppl.1 of 26 February 1998 and 
GATS/SC/38/Suppl.2 of 16 September 2005. 
b Applicable only to the services includ ed in Honduras' Schedule of Commitments. 
c Not applicable to all subdivisions in the services category (for more details , see Honduras' Schedule of Commitments). 
Source : WTO Secretariat 
 WT/TPR/S/234 Trade Policy Review 
Page 130 
 
 
Table AIV.3 
Special domestic financial system requirements 
Domestic commercial banks 
Establishment requirements:a 
For prospective founders or founding shareholders 
Detailed curriculum vitae with photocopies of supporting documents where relevant 
Photocopy of national tax registration (RTN) 
Photocopy of identity card 
Three bank references 
Three commercial references 
Three personal references from persons unr elated to the organizer and shareholder 
Certified photocopy of passport if founders are foreign 
Personal financial statements for the last tw o years, audited by external auditors insc ribed in the register kept by the superv isory body of 
the country of origin, and documentation certifying ownership of the fixed and financial assets 
Notarized sworn statement indicating the source or origin of the resources to be used as capital contributions 
List, signed by the declarant, of the compan ies in which they have equity or manageme nt stakes, indicating the percentage share  of the 
company's capital and their position or function in the company, or both, as the case may be 
Statement of debts in the domestic financial system, accompanied by a ce rtificate showing the balance owed 
Documentary proof from the courts in their place of domicile show ing that the shareholder and th e founder are not and have not been 
subject to pending civil or criminal proceedings 
Names of spouse and of family members who are blood relations to the fourth degree and relations by affinity to the second degr ee, 
indicating, in each case, the nature of the relationship 
 
For prospective members of the board  of directors or executive board 
Detailed curriculum vitae with phot ocopies of supporting documents 
Personal financial statements for the last tw o years, audited by external auditors insc ribed in the register kept by the superv isory body of 
the country of origin, and documentation certifying ownership of the fixed and financial assets 
Notarized sworn statement affirming that none  of the provisions on incompatibility or prohibition found in the relevant law or 
regulations are applicable to them 
Documentary proof from the courts in their place of domicile show ing that the prospective director is not and has not been subj ect to 
pending civil or criminal proceedings 
Documentary proof that the prosp ective director has professional experience in financial sector institutions or in companies re lated to 
that sector, preferably in bodies engaged in the same activity as the company in which they are seeking to become director 
Three bank references 
Three commercial references 
Three personal references from persons unrelated to the director 
 
Institution to be established:b 
Draft articles of association and st atutes of the financial institution 
Photocopy of deposit or custody certificate showing that the mini mum percentage or amount of capital determined by the law or 
regulations under which the prospective entity will be governed ha s been deposited with the Centra l Bank of Honduras or investe d in 
State securities 
Economic and financial study demonstrating the viability of the new institution, conducted by e xperts in economic, administrati ve or 
accounting sciences in their capacity as members of a professional body 
The study must include at least the following:  Project descri ption, market survey, technical-operative study, and economic-fin ancial 
study 
 
Functions 
Granting loans to third parties 
Accepting deposits 
Providing payment and collection services 
Trading in securities and foreign exchange 
Minimum capital for establishment (Resolution No. 633/12-05-2009):  L 300 million 
Branches of foreign commercial banks 
Establishment requirements:c 
The following must be submitted with the application:  Documentar y evidence of the articles of asso ciation, copy of the statute s and of 
the decision showing legal authorization to operate in the country of origin and abro ad;  names of the members of the executive  board or 
board of directors in the country of origin and credentials of the legal representatives in Honduras, as well as the reports, b alance sheets 
and statements pertaining to the financ ial years determined by the Commission 
All documents must be authenticat ed and translated into Spanish Honduras WT/TPR/S/234 
 Page 131 
 
 
The required capital must be kept permanently in the country 
Accountability obligation with respect to  operations conducted in the country 
Ensure access to information deemed by the Commission to require monitoring;  and 
Certification of good management issued by  the supervisory body of the country of or igin of the applican t institution, total co mpliance 
with the prudential rules of that country, no mutual restrictions to consolidated s upervision, and the correct and satisfactory  
identification of the source of the funds to be used in  the capitalization of the Honduran subsidiary or branch 
 
Functionsd 
Granting loans 
Minimum capital for establishment:e  L300 million 
Representative offices 
Establishment requirements: 
The same as for branches of foreign commercial banks 
Functions: 
Grant loans in local and foreign cu rrency with terms of over two years 
Minimum capital for establishment:a  No capital required 
Finance companies 
Establishment requirements:f 
For prospective organizers or founding shareholders: 
Detailed curriculum vitae with photocopies of supporting documents where relevant 
Photocopy of national tax registration (RTN) 
Photocopy of identity card 
Three bank references 
Three commercial references 
Three personal references from persons unr elated to the founder and shareholder 
Certified photocopy of passport if founders are foreign 
Personal financial statements for the last tw o years, audited by external auditors insc ribed in the register kept by the superv isory body of 
the country of origin, and documentation certifying ownership of the fixed and financial assets 
Notarized sworn statement indicating the source or origin of the resources to be used as capital contributions 
List, signed by the declarant, of the compan ies in which they have equity or manageme nt stakes, indicating the percentage share  of the 
company's capital and their position or function in the company, or both, as the case may be 
Statement of debts in the domestic financial system, accompanied by a ce rtificate showing the balance owed 
Documentary proof from the courts in their place of domicile show ing that the shareholder and th e founder are not and have not been 
subject to pending civil or criminal proceedings 
Names of spouse and of family members who are blood relations to the fourth degree and relations by affinity to the second degr ee, 
indicating, in each case, the nature of the relationship 
Sworn statement affirming that they are familiar with all the le gislation and regulations applicab le to the activity of the com pany being 
formed, in particular the Law on Asset Laundering and its Re gulations, and fully accept their duties and responsibilities under  the Law 
 
For prospective members of the board  of directors or executive board: 
Detailed curriculum vitae with phot ocopies of supporting documents 
Personal financial statements for the last tw o years, audited by external auditors insc ribed in the register kept by the superv isory body of 
the country of origin, and documentation certifying ownership of the fixed and financial assets 
Notarized sworn statement affirming that none  of the provisions on incompatibility or prohibition found in the relevant law or 
regulations are applicable to them 
Documentary proof from the courts in the relevant place of domi cile showing that the prospectiv e director is not and has not be en 
subject to pending civil or criminal proceedings 
Documentary proof that the prosp ective director has professional experience in financial sector institutions or in companies re lated to 
that sector, preferably in bodies engaged in the same activity as the company in which they are seeking to become director 
Three bank references 
Three commercial references 
Three personal references from persons unrelated to the director 
 
Institution to be established: 
Draft articles of association and st atutes of the financial institution 
Photocopy of deposit or custody certificate showing that the mini mum percentage or amount of capital determined by the law or 
regulations under which the prospective entity will be governed ha s been deposited with the Centra l Bank of Honduras or investe d in State 
securities WT/TPR/S/234 Trade Policy Review 
Page 132 
 
 
Economic and financial study demonstrating the viability of the new institution, conducted by e xperts in economic, administrati ve or 
accounting sciences in their capacity as members of a professional body 
The study must include at least the following:  Project descri ption, market survey, technical-operative study, and economic-fin ancial study 
 
Functions:g 
Finance companies may only grant loans and unde rtake investments in local and foreign currency for periods of more than thirty days 
and will only accept savings account and term deposits 
Minimum capital for establishment:h  L l50 million 
Foreign equity capital is permitted and there is no minimum percentage for establishment 
Second-tier banks 
Establishment requirements: 
The only two second-tier banks were established at the initiative of  the Government and the private sector.  No establishment r equirements 
were specified. 
Functions: 
Grant medium and long-term financing for production, marketing, services and housing,  on market terms, to private financial 
institutions that are supervised and regulated by the National Banking and Insurance Commission 
Minimum capital for establishment 
No minimum capital for second-tier banks 
General deposit warehouses 
Establishment requirements: 
The same as for finance companies (see above) 
Functions: 
General deposit warehouses are establishments whic h store all types of domestic and foreign goods 
Goods may remain in the warehouses for up to one year with suspension of tax payments 
Processing, preparation and separation of goods  deposited so as to increase their value 
Minimum capital for establishment:  L l10 million 
Foreign equity capital is permitted and ther e is no minimum established percentage 
Private financial development organizations 
Establishment requirements: 
The same as for finance companies;  thos e laid down in the Law regulating private de velopment organizations  engaged in financia l 
activities, as listed below (Articles 6 and 8) 
The founders of a private financial developm ent organization (OPDF) must be persons of recognized aptitude, integrity and respo nsibility 
who guarantee the interests of the entity 
Founding legal persons may be national or fo reign institutions or companies which prom ote the financing of micro and small ente rprises 
In order to establish an OPDF, legal status  must be requested from the Executive, th rough the Ministry of the Interior and Just ice 
Demonstrate ability in the implementation and application of fina ncial techniques in accordance with the best practices establi shed for the 
microfinance sector at national and international level 
Provide a list of the founding associates and executives and their curricula vitae 
Functions: 
Provide financial services to micro and small enterprises 
Minimum capital for establishment 
First-level OPDF require a minimum capital of L 1 million 
Second-level OPDF must have a minimum net worth of L 10 million 
Foreign equity capital is permitted and there is no established minimum percentage for foreigners 
a Resolution No. 13/02 01 2003. 
b Resolution No. 633/12 05 2009. 
c Article 20 of the Financial System Law. d Article 18 of the Financial System Law. 
e Resolution No. 633/12 05 2009. 
f Resolution No.13/02 01 2003. g Article No. 60 of the Financial System Law. 
h Resolution No. 633/12 05 2009. 
Source : Information provided by the authorities. 
 
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