3,650 Jobs Created by CAFTA in Guatemala
After three years of ratifying the agreement, investments from the United States have increased by 22%.
Thursday, July 2, 2009
According to the American Guatemalan Chamber of Commerce (AmCham) the signing of the Free Trade Agreement between the United States, Central America, and the Dominican Republic has generated an increase in investment, mainly in the call center industry.
El Salvador's American Chamber of Commerce and the Latin American Illinois Trade and Investment Office told Salvadoran business people that the US Mid-West, with its 59 million inhabitants, represents a major business opportunity.
$631 million have entered the country between January and June, 7.2% less than the $680 million during the same period in 2008.
Trade in some of the countries involved has grown by 20 percent since the introduction two years ago of the Cafta accord between the United States and Central America and the Dominican Republic, according to US Department of Trade figures.
Lack of experience and lack of training are the main challenges that Guatemalan companies face when looking for managers.
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