The WTO has provisionally determined that the measures imposed by the Dominican Republic, charging tariffs of up to 38% on imports of certain products from the region, are inconsistent with its trade obligations.
The lawsuit filed at the World Trade Organization (WTO) by El Salvador, Honduras, Guatemala and Costa Rica objected to the high tariffs imposed by the Caribbean country on products from the region.
The website http://guatemala.eregulations.org provides information on procedures for conducting business in the country.
Information is detailed on procedures, costs, contacts, forms and public office documents.
The initiative is part of the e-Regulations system, driven by the Global Transparency Network.
The system is a step towards the implementation of e-government and a tool for simplifying administrative processes, by identifying unnecessary steps in the different procedures, said Romeo Rodriguez, coordinator of the National Competitiveness Program", reported Prensalibre.com.
In light of statements by the representative Luis Velasquez, President of the Chamber of Industry of Guatemala (CIG), Andres Castillo said it is essential to review the benefits that these treaties would bring, taking into account that the last contracts signed were more in response to political rather than commercial interests.
The Ministry of Economy has called upon the private business sector in order to decide whether the country should finalise FTA negotiations with Canada.
Negotiations for this agreement, which have been going on for ten years, started with the participation of countries in the CA-4 (Guatemala, Honduras, El Salvador and Nicaragua) and to date only Honduras has signed.
U.S. products are arriving with certificates of origin stating they are part of NAFTA, the trade agreement between the U.S., Canada and Mexico, which means that when they enter Guatemala they lose their tax privileges from the FTA with Central America.
A first feasibility study, conducted by the Ministry of Economy in Central America, will be presented on July 7.
The report will "assess whether making a free trade agreement is warranted, seeing what will be sent and received, though we must emphasize that Korea is a very good market," said Francisco Menendez, president of the Guatemalan Association of Exporters (Agexport).
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
Generates business opportunities by linking supply and demand of goods and services between Central America and the rest of the world.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (506) 225 4786