An agreement between the chambers of commerce of both countries would extend the list of goods covered by the partial agreement, which has been in force since 2010.
In addition to expanding the list of goods, the goals that employers have set are to improve methods for settling trade disputes arising between the two countries.
The Chamber of Commerce of Guatemala outlined that "... This agreement seeks to improve trade relations between both countries ... Jorge Briz, president of the organization, said that the main objective is to promote investment and eliminate border barriers between Guatemala and Belize. "
Guatemala is considering suing the South American country through the WTO after banning the duty-free entry of 21 000 metric tons of sugar, despite the existence of a partial scope agreement since 2012.
An Ecuadorian fizzy drinks producer failed to receive the product due to a blockade by authorities of the country, even though there is a partial agreement which guarantees the duty free transaction.
The private sector and the governments of both countries have started talks to put into place the partial agreement which came into force in November 2014.
A Cuban delegation composed of 9 representatives from the government and entrepreneurs from the private sector will be visiting Managua with the aim of coordinating with the Nicaraguan government implementation of the agreement, which establishes the possibility of achieving up to 100% of tariff exemptions on some products.
The Partial Agreement signed by Guatemala with Trinidad and Tobago generates great business potential with an economy that boasts the highest income per capita in the region.
From a statement issued by Agexport:
Since the Ministry of Economy of Guatemala announced the negotiation of a partial scope agreement with Trinidad and Tobago, the sectors represented in AGEXPORT (agricultural, manufacturing and services), expressed their interest in exporting, due to high business potential and investment attraction this country represents.
An agreement has been made to expand the list of traded products and other conditions of the Partial Agreement which has been in force since 2010.
Guatemala and Belize agreed to extend the benefits of the Partial Agreement which came into effect four years ago. The aim, according to the Ministry of Economy (Mineco), is to strengthen trade relations.
In the second round of negotiations an agreement was signed on tourism and advances made in relation to investment protection.
In the second round of negotiations for a Partial Agreement (PA) between El Salvador and Trinidad & Tobago, which was held in Puerto España, both delegations reached an agreement on tourism and advances were made in relation to investments.
This week Authorities from both countries will begin a second round of negotiations for a partial scope trade agreement.
This week El Salvador and Trinidad & Tobago will hold a second round of negotiations for a Partial Scope Agreement. The main products exported by Salvadorans to this country are articles made of plastic, sugar, agricultural products, industrial products, clothing, iron, steel, plastic, paper and cardboard.
Delegations from both countries have concluded the first round of negotiations for a partial trade agreement which they hope to sign in the first half of 2014.
Eleconomista.net reports: "Added to this trade agreement, as part of the same negotiation, is an agreement for cooperation in tourism and other investment protections, said the Vice Minister of Foreign Trade of El Salvador, Mario Hernandez ...".
The modifications to the original trade agreement will boost by up to $40 million growth in exports from the Dominican Republic to Panama.
According to the Executive Secretary of the National Trade Negotiations Committee (CNNC), Luis Omar Fernandez this will allow the Dominican Republic, to increase by 60% its exports in the next few years, by an amount estimated at $40 million, as in 2012 they reached an estimated value of $25 million, with the most important products being steel and iron, plastics, pharmaceuticals, coffee and other industrial goods and foodstuffs.
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