Guatemala Promotes Agro-industrial Investments

According to the country's agency responsible for encouraging foreign direct investment (FDI), the agro-industrial sector is the most promising and important.

Tuesday, August 17, 2010

Fanny Estrada, director of the Guatemalan Exporters’ Association (AGEXPORT), commented that in several cases, "while demand exists for a product there is insufficient supply capacity," and added that, "there is potential to increase output in these areas".

On the positive side, the Invest in Guatemala office highlights the variety of microclimates present in the country, which enables a vast array of agro-industrial products to be made available. Guatemala is also very close to the huge North American market and its 425 million inhabitants.

Invest in Guatemala mentions the confectionary, juice and drinks, sweet breads and conserve sectors as representing the most attractive propositions.



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May 2008

Guatemala is aiming to attract US$615 million in foreign investment this year, said Julio Héctor Estrada, executive director of the competition program, Promacom.

The National Program to Promote Competition has set its sights on foreign investment of US$1.5 billion in 2011.

FDI down in Central America and Caribbean

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The manufacturing sector as a whole saw a decline in FDI due to a sharp drop in flows to Central America and the Caribbean.

In Central America and the Caribbean (other than financial centres), the decline in FDI inflows was largely due to a 20% fall in flows to Mexico, which mainly resulted from a halving of inflows to the manufacturing sector (CNIE, 2009).

FDI in Costa Rica during 2009

January 2010

29 new foreign investment projects in high technology services, medical devices and advanced manufacturing.

The Costa Rican Investment Promotion Agency (CINDE), indicated that 29 new foreign investment projects that arrived in the country in the high technology services sector, medical devices and advanced manufacturing, in conjunction with the companies already installed, generated 5,730 new jobs and US $304.6 million during 2009.

Costa Rica ranks seventh for foreign investment

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Costa Rica is number seven in ranking of the Latin American countries that attract most foreign investment, according to a report by the United Nations Economic Commission for Latin America and the Caribbean.

Last year, Costa Rica received US$1.889 billion in foreign investment. Only Brazil, Mexico, Chile, Colombia, Argentina and Peru did better.

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Asociación Guatemalteca de Exportadores -AGEXPORT-

The Guatemalan Exporters Association is a private non-profit entity, established in 1982; that represents, promotes and develops non traditional exports of Guatemalan companies.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Guatemala
Phone: (502) 2422-3400

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