At the conclusion of the 2nd Summit of South Korea and Central America, the presidents of all countries signed a statement promising strengthened cooperation and investment between the nations. The declaration announced that Korea will try to incorporate itself into the Central American Bank of Economic Integration and mentioned that the investment climate in Central America has improved in light of the CAFTA agreement.

According to El Salvador’s President Antonio Saca, the agreement opens up opportunities for countries like Korea to invest more in the region in areas like technology, telecom and automotive. He said that 260 South Korean companies are currently active in Central America and they generate $ 2.9 billion in exports for the region.