There is a proposal to exclude the electricity, telecommunications, banking and agribusiness sectors from the law proposal on competition, since they are already subject to regulation.
The proposal put forward by CABI to exclude these sectors is based on the fact that companies operating in these areas are already subject to regulation and supervision. Paulo de Leon, analyst at the CABI, told Elperiodico.com.gt, for example, that in the case of agribusiness, not excluding them, "... would affect rising food prices and cost of the Basic Food Basket, food insecurity, and other things. " In the case of other sectors, according to De Leon, controls to prevent abuse of competition are already made by supervisory bodies such as the Superintendency of Telecommunications.
The clearest example of how dangerous the concept of "food sovereignty" is, comes from the example of the famine that killed 14 million people in China during a failed attempt at self-sufficiency in rice production.
As pointed out in an editorial in Nacion.com, the National Development Plan put forward by the Solis administration, in the chapter "agricultural and rural development" involves a socialist vision of food production, now outdated all over the world, attempting even to raise to the rank of constitutional law the concept of food sovereignty.
Royalties on mineral holdings in Guatemala will be imposed on three levels related to the base value of the extracted material.
According to Mario Marroquin, president of the Union of Mining and CEO of the company Montana Exploradora (main extractor of gold and silver in Guatemala), precious metals are those with the highest and there are other lower rates for base metals and non-metallic minerals.
Segmenting the vast U.S. market into its 50 states is the recommendation of CABI, with support from the U.S. Agency for International Development.
The analyst Pablo De Leon, during the launch of the market intelligence tool ‘CABI U.S. Business Opportunities Model ®’, said: "In order to do business with the United States, the nation must be treated as if it were 50 different countries".
The initiative presented to congress contains serious gaps to the detriment of consumers who use plastic money, and who have not been consulted in the preparation of the project.
Carlos A. Mendoza, CABI analyst, warns that the text of the bill on credit cards has been written without consulting financial consumers, and cites as an example the Salvadoran law on the same subject. The result is that the initiative “leaves serious gaps, to the financial detriment of consumers, who would have their rights violated, but now in an explicitly and legally sanctioned way."
U.S. currency rose last week after having been at its lowest value for the last five years.
The upward trend that the dollar began showing last week against the quetzal, could continue in the coming months as it seems that factors that pushed the dollar down are no longer present in the Guatemalan economy.
While analysts regard the 7.6% increase as low, it at leasts suggests that the economy is slowly recovering.
Loans granted by Guatemalan banks to the private sector seem to be returning to a growth trend. This can be seen from data published by the Guatemalan Central Bank, which shows an increase of more than 7% in banks' credit portfolios.
This upward momentum comes not only from lower yield forecasts by main world producers of coffee, but also speculation. Dollar weakness encourages financial traders to hide their capital into commodities and coffee is one of the most sought after for future operations.
In the first quarter of the year consumption was up 4.7% and investment fell 11.6% relative to the same period of 2009.
The data form part of analysis conducted by the Guatemalan central bank, Banguat, on the economy's performance.
Economists consulted indicate their concern about the subject. Manuel Pérez Lara, ex member of the Monetary Committee comments that, "this is very dangerous because it is investment that drives improvements in the quality of life, productivity and development, not consumption," reports Prensalibre.com.