Guatemala Renews Trade Policy

The new government authorities want to emphasize improving competitiveness and investment attraction.

Tuesday, February 7, 2012

More competitiveness and attracting foreign investment. Those are the two axes of a renewed foreign trade policy announced by the National Council for Promotion of Exports (CONAPEX) in Guatemala.

"The new policy modernizes the current one and will be integrated into the national competitiveness agenda with a new proposal," said Maria Luisa Flores, Vice Minister of Economy, cited byPrensaLibre.com.

According to the website, the new policy has been consulted on with various sectors of CONAPEX including chambers of commerce, ministries of Economy, Finance, Agriculture, and the Bank of Guatemala.

¿Busca soluciones de inteligencia comercial para su empresa?



More on this topic

Guatemala: Diversification of Export Markets

January 2015

The private sector will be proposing to the government the signing of a partial agreement and investment promotion with India and negotiation of a trade agreement with South Korea.

These proposals aim to increase trade relations, where in the case of South Korea, in 2014, Guatemala reported imports of $402 million and exports worth $269 million, with the most notable products sold being sugar, lead and coffee.

Trade Agreement Between Guatemala and Trinidad & Tobago

July 2013

The negotiations for a partial agreement between the two countries are in their final stages, with signing expected to happen in September.

According to the Guatemalan Vice Minister of Economy, Maria Luisa Flores, "the economy of Trinidad and Tobago is one of the largest in the Caribbean region and it is of interest to Guatemala as it represents the gateway to the Caribbean Community market (Caricom) ".

Central America Negotiates New Trade Deal

February 2012

The region will hold the first round of negotiations with the European Free Trade Association (EFTA).

The round of negotiations will take place between February 27th and March 1st.

Efta members are Switzerland, Iceland, Liechtenstein and Norway, all countries outside the European Union.

Guatemala presents 2011 Trade Agenda

November 2010

Priorities include the ratification of the agreement with the EU, negotiations with Peru and homologation of the text of the treaty with Mexico.

The finance ministry presented the agenda´s to the National Council for the Promotion of Exports (CONAPEX).

The agenda also includes negotiations of a partial agreement with Ecuador as well as negotiations with Korea.

ok