The proliferation of international trade agreements brings the opportunity to add value to products by adding a mark of origin.
An article in Prensalibre.com quotes Fanny de Estrada, director of Competitiveness of the Guatemalan Exporters Association, who said that "marks of origin are the result of trade agreements. 'One country can demonstrate an interest in many marks of origin, but that's part of the negotiation. Marks of origin are mutually accepted. For example, in Europe is a very common practice. Whichever marks of origin you want can be added, as long as the other party agrees to it'".
According to the country's agency responsible for encouraging foreign direct investment (FDI), the agro-industrial sector is the most promising and important.
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".
The European Union is not willing to include already existing benefits in the Association Agreement with Central America.
Cencit, a Guatemalan commission which studies international treaties, remarked that losing the existing trade benefits would be counterproductive for the region. These include European market access for products manufactured in Central American free zones and maquilas.
Exporters consider the country is losing competitiveness against the rest of Central America.
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".
The Chamber of Commerce is demanding action by the Central Bank on the value of the Quetzal against the Dollar.
The Guatemalan Chamber of Commerce (CCG) wants the Central Bank (Banguat) to intervene the market and stop the devaluation of the national currency, the Quetzal. For this, the Chamber will run an advertising campaign, explaining the consumer its reasons and problems.
The non-traditional products sector closed 2008 with $2.9 billion in exports.
According to the article published by the Prensa Libre daily, "...the chemical subsector is in first place with $900 million in exports, followed by food at $275 million, and construction materials at $208 million and then plastics at $138.4 million."
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
As part of the Agritrade Platform, Guatemala will participate for the 27th time in PMA Fresh Summit, the most important international trade show and convention of fruits and vegetables in the United States, which will take place at Anaheim Convention Center, California from October 17th to 19th.
Key representative/s from the Guatemalan Exporters’ Association last 13-15 October attended the 8th TPO Network World Conference to exchange ideas and best practice around stimulating export-led economic growth and meeting the urgent challenges in the sector.
ATS El Salvador is a Customs Agency with 26 years of providing services for imports, exports, transits, consultancies and international transport.
Operates in El Salvador
Phone: (503) 2235 6522 - (503) 2235 6524