Wal-Mart Central America to expand product offerTuesday, January 20, 2009 In 2009, the company will expand the offer of products launched in November 2008, which reduced the price for more than 1,100 articles. Elperiodico.com.gt reports: "Currently, the offer includes groceries, perishables, personal care products, from brand leaders as well as private brands from Paiz, Suli, Sabemas, and Supermax. They are also looking at expanding the range of products in the offer and the duration of the offer. Central American Businessmen Unhappy With EU ProposalFriday, March 26, 2010 Ceca, the Central American Business Committee, is demanding the EU more flexibility when opening their market to agricultural goods. In a press release, the entity expressed its discontent with the level of market access offered by the European Union. They are even considering walking away from the negotiations. EU and CA Close Sustainable Development ChapterThursday, April 22, 2010 Central America won’t face commercial sanctions for failing to comply with environmental or labor regulations. Additionally, the chapter forbids countries from reducing labor or environmental standards in order to attract investment. Sale of Shell C.A. Marches OnMonday, August 3, 2009 The oil company announced its intention of selling its Central American operations in July 2008. One year later, the process goes on. Negotiations are lead by a team based on Houston, U.S., and the name of the potential purchaser has not been revealed, for confidentiality reasons, informed Juan Ángel Díaz, Shell Guatemala CEO. EuroExpo 2010 to Be Held This MonthFriday, July 9, 2010 The second round of EuroExpo 2010 will take place from 19 to 22 July in Guatemala. The event was initially scheduled for 31 May to 3 June but was postponed due to the eruption of the Pacaya volcano that led to the closure of Guatemala's international airport for several days. Regional Electricity Interconnection Takes First StepFriday, November 26, 2010 The first section of the network between Veladero, Panama, and Rio Claro, Costa Rica has been completed. The interconnection system will be implemented gradually, according to Edgar Navarro, secretary of the Regional Electric Interconnection (CRIE). Renault Expands in Central AmericaWednesday, March 23, 2011 The company announced expansion plans for Central America and the Caribbean market. From Panama, Denis Barbier, chief executive, said the company has strengthened its presence in Latin America with four assembly plants. Failed States in Latin AmericaFriday, May 22, 2009 According to the US State Department, Guatemala, Mexico and other Latin American nations are now or are about to be failed states. Carlos Alberto Montaner, in an article published in Elperiodico.com.gt, said: "When does a State become "failed?" This is not about the level of poverty, education or health. It occurs when legal institutions become degraded. Tecnoquímicas Purchases Teramed LaboratoriesFriday, October 2, 2009 Tecnoquímicas, Colombia's largest pharmaceutical company, announced the $30 million purchase of El Salvador's Teramed Laboratories. Emilio Sardi, vicepresident of Tecnoquímicas, announced the purchase of the Salvadoran laboratory as part of their expansion plan through Central America. They intend to triplicate their sales in the next five years. Trade Agreement: Negotiations with the UKWednesday, January 16, 2019 It is announced that technical groups from the governments of El Salvador and Guatemala began negotiations in London to conclude a new trade agreement. Now, there is a possibility that the agreement the region seeks to sign with the European country will not be consolidated, since it is not yet clear how the process of Britain's exit from the European Union will be carried out, an issue that is generating great tension between the British Parliament and Prime Minister, Theresa May, at this very moment. Guatemala - Trinidad and Tobago Trade AgreementFriday, February 17, 2017 Beef, cheese, flowers and vegetables may be exported to the Caribbean island with tariff preferences under the agreement approved by the Guatemalan Congress. The Partial Agreement approved by the Congress of Guatemala establishes the elimination of tariffs for some products in terms of five to ten years. Guatemala Hosts Conference on Free ZonesTuesday, June 7, 2011 The XV Latin American Conference on Free Zones will be held in Antigua Guatemala, from 26 to 28 October. One of the points to be discussed at the conference is the new requirements for tax incentives required by the World Trade Organization (WTO), which need to be in place by 2015. $300 plus per Quintal of CoffeeMonday, May 2, 2011 The price of a quintal of coffee reached the highest level in the last 30 years on the Intercontinental Exchange in NY. Coffee prices, since surpassing the $200 barrier on 20 October 2010, have continued to climb, trading on 28 April at $305 per quintal, said Gerardo de Leon, Manager of Marketing of the Federation of Coffee Cooperatives of Guatemala (Fedecocagua). Honduras – Guatemala Border ReopensThursday, July 2, 2009 David Cristiani, Guatemalan vice-minister of economy, said that there are no plans to extend the border closing beyond the 48 hour term. The regional business sector, represented by the Federation of Private Business in Central America, the Dominican Republic, and Panama (FEDEPRICAP, acronym in Spanish), has appealed to the governments of Nicaragua, Guatemala, and El Salvador to lift the embargo, insisting that it violates the principles of free transport of goods as established in trade and integration agreements. Price of Coffee Continues to FallTuesday, June 5, 2012 In April 2011 a quintal was quoted on the Intercontinantal Exchange at $300. A month ago it was $182, and now the price per quintal is $157. The steady fall in coffee prices is causing concern amongs Central American coffee growers. By last Friday, the contract for delivery was $ 157 per quintal, $3 less than the previous day. |
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