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.

Reporter Roxana Larios interviews the executive director of AmCham, Carolina Castellanos, in her article on Sigloxxi.com: “The installation of the companies has generated 3,650 jobs from 2006 to 2009… The credibility of investors has been reinforced by the signing of the Free Trade Agreement.”

More on this topic

Guatemala Short on Managers

May 2013

Lack of experience and lack of training are the main challenges that Guatemalan companies face when looking for managers.

The American Guatemalan Chamber of Commerce (AmCham) held the first Professional Executive Search, in order to recruit senior executives, however, there was little participation of interested people.

Foreign Investment Falls 7.2% in Guatemala

June 2009

$631 million have entered the country between January and June, 7.2% less than the $680 million during the same period in 2008.

Business Chamber Directors blame the decrease on a reduction of liquidity globally and a deterioration of the image of the country caused by the lack of security.

El Salvador AmCham points to opportunities in US Mid-West

July 2008

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.

The message was delivered at a business conference by Marcelino García, deputy head of the Illinois state trade and investment department.

Trade with US up by 20 percent in two years of Cafta

July 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.

The Cafta countries – excluding Costa Rica, which las a latecomer to the pact – by the end of last year had registered exports of US18.75 billion to the United States, while recording imports of close on US$22.41 billion.

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