Exploring the benefits of the green economy with the UK

By Bufete Mejía & Asociados

The new Deputy Head of Mission of the British Embassy for Honduras conducted his first official visit to Tegucigalpa from 23-25 January. Paul Huggins held a series of meetings with key stakeholders in the public and private sector at Tegucigalpa to strengthen economic and commercial relations between Honduras and the UK.

Among the objectives were to understand the business environment and explore opportunities. Both parts highlighted the benefits of the green economy, including the use of technology in agriculture. Among the objectives are: mobilising industry for clean and circular economy, accelerating the shift to sustainable and smart mobility and preserving and restoring ecosystems and biodiversity.

In the last years, Honduras has been working with private sectors to promote the country’s innovation community, with tech students and entrepreneurs in charge of thinking creatively to provide environmental projects.

The Honduras-UK meeting also highlighted the need to take advantage of the UK-Central America Association Agreement. From July 2021 to June 2022, total trade between Honduras and the UK was more tan UDS220 million; an increase of 45.3% compared to the same period the year before. Honduran exports amounted USD170 million, while UK exports USD50 million. The main Honduran products exported to the UK were fish, crustaceans, coffee, textiles, fruits, vegetables and sugar.