IBOV 187,206.89 ▼ 0.56% IPSA 11,220.10 ▼ 0.16% IPC MEX 64,106.82 ▼ 1.09% MERVAL 3,098,898 ▼ 1.87% COLCAP 2,589.69 ▼ 1.41% BVL PERÚ 59,373.28 ▼ 0.32% USD/BRL5.12▲ 0.37% USD/MXN16.97▼ 0.09% USD/CLP941.13— 0.00% USD/COP3,083▼ 0.86% USD/PEN3.35▲ 0.03% USD/ARS1,509▼ 0.28% USD/UYU40.26▲ 3.18% USD/PYG5,903▲ 3.23% USD/BOB11.98▼ 1.59% USD/DOP58.96▲ 0.79% USD/CRC447.55▲ 1.57% USD/GTQ7.63▲ 2.98% USD/HNL26.85▲ 0.57% USD/NIO36.62▲ 0.34% USD/VES830.41▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.74▲ 2.42% EUR/BRL5.94▲ 0.19% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 187,206.89 ▼ 0.56% IPSA 11,220.10 ▼ 0.16% IPC MEX 64,106.82 ▼ 1.09% MERVAL 3,098,898 ▼ 1.87% COLCAP 2,589.69 ▼ 1.41% BVL PERÚ 59,373.28 ▼ 0.32% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
since 2009
Friday, September 11, 2026

Central America Latin America

Honduran tourist city of Tela joins movement to repeal Development Zones

By · July 29, 2021 · 3 min read

The LatAm Brief

One email, every weekday morning. What moved in Latin American markets, politics and expat life.

Yesterday’s subject line: “Venezuela pumps the most oil in seven years”

Free. We send a confirmation link first — nothing arrives until you click it. Unsubscribe with one click in any edition. If you stop opening us for 30 days we stop sending by ourselves, as we assume the interest is no longer there. See our privacy policy. We never share your email.

RIO DE JANEIRO, BRAZIL – The tourist city of Tela, located on the Honduran Caribbean coast, on Thursday (29) joined the movement to repeal the implementation of Employment and Economic Development Zones (ZEDEs) which the government has been promoting since 2013, arguing that it aims to “curtail national sovereignty”.

“We oppose and reject that actions under the Law of Employment and Economic Development Zones should be implemented in the department of Atlántida, particularly in Tela, inasmuch as it represents a reduction of the national territory, surrender of sovereignty and violates the Constitution, Law of Municipalities, among others,” the city’s residents said in a statement.

The Employment Zones, the statement adds, “violate the universal principles of equality and the universality of the norm, as it creates privileged classes or territories granting them tax exemptions and advantages over the rest of the population.”

Tela’s residents on Thursday joined the movement to repeal the implementation of Employment and Economic Development Zones (ZEDEs).
One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

The ZEDEs, touted in Honduras as “model cities,” similar to some Asian countries, were passed in 2013 during the government of president Porfirio Lobo, when the head of Parliament was Juan Orlando Hernandez, the country’s current ruler.

The people of Tela lamented that the government “is using as an argument that the ZEDEs will boost the creation of massive and well-paid jobs, outrageous considering the high price of yielding national territory”.

“We feel that they are taking advantage of the economic crisis the country is experiencing and which they themselves have caused to the detriment of the population, which has triggered a massive exodus of Hondurans in recent years,” it stressed.

INALIENABLE OBLIGATION

Tela’s civil society recalled that the State has “an inalienable obligation” to create the conditions for economic and human development, “without ceding its responsibility and obligation to others.”

Furthermore, it rejects that external sectors try to “determine the future of the people, as is currently happening in Roatán (Bay Islands), Choloma (Cortés) and San Marcos de Colón (Choluteca), with the establishment of ZEDEs.”

The population of Tela challenges the attempt to establish this type of project in their territory, as occurred in 2013 with the “unconstitutional” inauguration of the Indura Beach & Resort Golf, a project covering 311.89 hectares, “in violation of Article 107 of the Constitution.”

“We will not allow the continued surrender of important areas of natural, coastal, marine, ecological, scientific, historical, educational, heritage of ancestral peoples and tourism value,” it adds.

Article 107 of the Honduran Constitution establishes that State, joint, communal or privately owned lands located in the area bordering neighboring States, and land on islands, keys, reefs and sandbanks “may only be acquired, owned or held under any legal title by Hondurans by birth, by companies comprised entirely of Honduran partners, and by State institutions, under penalty of annulment of the respective deed or contract.”

Tela’s civil society, including the San Antonio de Padua Parish, “urgently” summoned the population to an open meeting to be held on Friday at the city’s Municipal Council.

“It is imperative that we express our disagreement to the establishment of these harmful projects that threaten national sovereignty and we demand that Tela be declared free of ZEDE as an organized civil society.”

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.