Guatemala: Free Port Law Stuck

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

Monday, August 17, 2009

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. "It is also intended to regulate the exchange between raw materials providers and the aforementioned industrial parks".



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Free Trade Zone Reform in Guatemala

August 2010

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

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.

New Duty Free Zones to Open in Guatemala

July 2011

Six new free trade zones will operate in Guatemala, making the total 24 nationwide.

The new zones are located in Guatemala, Villa Nueva, Zacapa, Quetzaltenango, Puerto Quetzal and Tecun Uman, according to Economy Minister Luis Velasquez.

An article in Siglo21.com.gt, reports, "He said that in these areas commercial activities in manufacturing, industry and services will be developed.

Costa Rica Promotes Investment in Turrialba

January 2010

The local municipality seeks to attract more international companies, by offering new tax benefits included in the recently modified Free Zone Law.

Turrialba is also betting on more than 11.000 square meters of industrial infrastructure available at its industrial park, and its highways leading to the ports in Limón.

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.

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