Agreement with United Kingdom: Tension Persists in Guatemala

Since Congress has not yet ratified the Association Agreement, the exporters' union warns that they will lose the opportunity to sell to that European market on an equal basis with their Central American neighbors.

Tuesday, November 19, 2019

As part of the United Kingdom's exit from the European Union, Central American countries must ratify the Association Agreement so as not to disrupt trade relations with British companies.

See "BREXIT: Trade Agreement between Central America and the United Kingdom"

So far only Costa Rica, Panama, Nicaragua and El Salvador have ratified the Association Agreement. The other Central American countries are still working on the approval of the treaty with the United Kingdom.

Days are going by and the opportunity to continue participating on an equal basis with its neighboring countries with the United Kingdom is running out, as the country would run out of trade regulations with that market. This would generate a negative impact on the agro-export sector because the production of agricultural products loses an important destination, the diplomatic relationship with the country is damaged and the competitiveness of regional products is limited, explains a statement from Agexport.

Also see "Agreement with United Kingdom: Growing Pressure in Guatemala"

The document adds that "... This agreement is one step away from being formalized and with-it Guatemala can become and potential as a supplier par excellence for the United Kingdom, since during 2018 the country received more than US$ 77 million in foreign exchange for exports to the United Kingdom. The honorable Congress of the Republic has in its hands good news that would benefit the families that have managed to grow, through the good commercial relationship that has existed with that country."

Among the main products that Guatemala sells to the United Kingdom are sugar, blackstrap molasses, peas, coffee, green beans, bananas, rum, cardamom, raspberries, blackberries, ethyl alcohol, nuts, sesame and knitted shirts, among other goods.

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More on this topic

Guatemala Confirms Agreement with United Kingdom

November 2019

The Congress approved the Association Agreement between the United Kingdom and Central America, which aims to protect trade relations between the two economies within the framework of the Brexit process.

In the Ordinary Session held on November 27, Decree 11-2019 was approved, with which the Agreement establishing an Association between the United Kingdom of Great Britain and Northern Ireland and Central America is approved, informed the Congress.

Costa Rica Approves Agreement with United Kingdom

October 2019

The Costa Rican National Assembly approved the Association Agreement between the United Kingdom of Great Britain and Central America, which protects commercial relations between both economies within the framework of the Brexit process.

Approval of the "Agreement Establishing an Association between the United Kingdom of Great Britain and Northern Ireland and Central America" was approved in the second debate, the Legislative Assembly reported last October 28.

Panama Confirms Agreement with United Kingdom

October 2019

The Panamanian National Assembly ratified the Association Agreement between the United Kingdom of Great Britain and Northern Ireland and Central America, which aims to safeguard trade relations for the Brexit process.

Project 154, which was approved on October 28, essentially preserves the rights acquired by both parties and does not change the set of rights and obligations acquired by the Republic of Panama.

Pressure to Confirm Agreement with UK

August 2019

Authorities from the European country are asking the region to speed up the processes so that the Association Agreement between the United Kingdom and Central America can be ratified before October 31 this year.

Since August 23, Simon McDonald, Undersecretary of Foreign Affairs of the United Kingdom, makes a tour through Central American countries, in which he has requested that the procedures for ratifying the Agreement signed with the region be expedited.

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