Guatemala: Wages Adjusted to Productivity

The textile industry presented an economic proposal of salary increases through a productivity bonus.

Thursday, September 10, 2009

Such proposal would increase the daily salary to $8.41 (Q70) via a productivity bonus.

Alejandro Ceballos, president of the Textile and Apparel Commission, told newspaper Prensa Libre: "The current minimum salary would be the future wage floor".

More on this topic

Textiles: More Lobbying After Loss of Benefits in the US

September 2015

Efforts are growing to minimize the impact of the possible signing of the Trans-Pacific Partnership Agreement, and a tariff reduction program with long deadlines for sensitive products has been proposed.

As negotiations proceed to sign the Trans-Pacific Partnership Agreement (TPP), the textile industry in El Salvador is stepping up its efforts to maintain the conditions of the CAFTA treaty and minimize the impact that the TPP will have on the sector in the long term. One of the main risks is that "... Vietnam could introduce products from China and then export them tariff-free to the United States, which would give them a huge competitive advantage. "

Guatemala: Tax Incentives Extended

September 2015

While the Investment and Employment Law Project is still waiting in congress, the new Minister of Economy announced that they are preparing a "plan B" to maintain incentives for the productive sector.

At least four months before the expiration of the Law on the Promotion and Development of Exports and Maquila Activities, it has been announced that the aim of the alternative plan is to maintain the tax benefits enjoyed up until now by exporting companies, mainly textiles and maquila.

Panamanian Textile Sector Declines

January 2012

Although the 2011 figures showed an increase of 13.5%, the sector is losing productive capacity, producing only a third of what was manufactured in 2001.

Faced with the figures from the National Institute of Statistics and Census (INEC), industry representatives argue that the low production is mainly due to lack of personnel and training.

WTO Extends Incentives to Panamanian Industries

March 2009

The export subsidy incentives for Panamanian companies, which would have expired in 2009, were extended until 2015.

The incentives for the Official Registry of Panamanian Industry were extended until 2015 by the World Trade Organization, which attracts business investment.

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