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. "
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.
"It was signed in 2006, and will ease tariffs on products such as oils, iron, wood, livestock, tropical fruits and fisheries", stated César Leon, from the Foreign Relations Ministry of Guatemala, in a Prensalibre.com article.