Business Optimism in Guatemala with Funes
Guatemalan business leaders are optimistic about the election of the new president of El Salvador.
Tuesday, March 17, 2009
La Prensa Libre of Guatemala published the comments of several business leaders about future trade relations with El Salvador, which accounted for $973 million in exports and $692 million in imports in 2008.
The competitiveness of the economies of the isthmus is being impaired by the inefficiency of the bureaucracy in the management of customs offices in the region.
The American Guatemalan Chamber of Commerce noted that the implementation of the Act without the respective regulations is confusing, taking away transparency in the system and increasing costs.
In the first quarter of 2010, exports grew 18% when compared to the same period of 2009.
$631 million have entered the country between January and June, 7.2% less than the $680 million during the same period in 2008.
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