Free Trade Zone Reform in Guatemala

If proposed reforms are approved, the country should find it easier to attract foreign investment.

Monday, August 23, 2010

The reform to the Free Trade Zone law is expected to be approved by the end of the year, stated congressman Mariano Rayo.

"This initiative seeks to create conditions favorable to encouraging investment. 'The export sector has been participating alongside other organizations in dialogue sessions with congress to develop this innovative and future looking proposal,' commented the director of the Guatemalan Exporters Association (AGEXPORT), Fanny D. Estrada", reports Sigloxxi.com.



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Guatemalan Free Zones Press for Law

March 2010

The Free Zone Association is putting pressure on Congress to pass the bill that will regulate the sector’s activities.

This legislation would authorize Free Zone companies to sell their products to Guatemalan companies.

The association also requested the Tax Authority (SAT), to reverse a ruling which prevents them from selling some products inside Guatemala, explained Sigloxxi.com.

Guatemala: Free Port Law Stuck

August 2009

Exporters consider the country is losing competitiveness against the rest of Central America.

The decrees modifying Free Port and Maquilas Laws have been waiting in Congress for over 4 years.

"The proposed changes would foster the creation of industrial parks and supply networks, by granting them tax benefits", reports Prensalibre.com.

El Salvador: Free Zones Law Generates Controversy

October 2011

If a reform of the law is approved, tax exemptions enjoyed by members of the scheme would be limited.

Although the purpose of the law reform is to modernize the free zones scheme and meet the requirements established by the World Trade Organization, companies currently operating under the scheme would be affected.

Guatemala Discusses Changes to Free Zones

February 2010

The Tax Authority and Free Zone Users are seeking an agreement to regulate the nationalization of goods through free zones.

Current legislation forbids commercial users of Free Zones from exporting goods to Guatemala, so these transactions have been done as re-exports.

“Raúl Díaz, Customs superintendent, met with Free Zones users and agreed to delay until May the coming into effect of a regulation scheduled for March.

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