Business Optimism in Guatemala with Funes

Guatemalan business leaders are optimistic about the election of the new president of El Salvador.

Tuesday, March 17, 2009

La Prensa Libre of Guatemala published the comments of several business leaders about future trade relations with El Salvador, which accounted for $973 million in exports and $692 million in imports in 2008.

According to what the newspaper published, entrepreneurs are confident that “...there will be a continuation of processes such as the customs union and the encouragement of imports and exports between Guatemala and El Salvador, which is the second largest trading partner."



More on this topic

More Trade between Guatemala and Peru

April 2018

The union of Guatemalan merchants and the embassy of Peru signed an agreement to increase trade between the two economies.

According to figures from Banco de Guatemala, in 2017 the Central American country imported $71 million worth of goods from Peru and exported $86 million worth to the South American country.

Central American Customs Offices: Obstacle to Development

January 2014

The competitiveness of the economies of the isthmus is being impaired by the inefficiency of the bureaucracy in the management of customs offices in the region.

The bureaucracy at customs offices has become a serious problem for the Central American region. Among other things it generates increases in the costs of exporting because of the procedures that must be paid for, loss of perishable goods and delays in production in processes that have to wait for raw materials.

Guatemala: Call for Suspension of Customs Law

March 2012

The American Guatemalan Chamber of Commerce noted that the implementation of the Act without the respective regulations is confusing, taking away transparency in the system and increasing costs.

The Guatemalan Chamber of Commerce (AmCham) has requested that the Government suspend the Customs Act, which was included in the recently approved tax reform.

Guatemalan Exports to the U.S. Up 18%

May 2010

In the first quarter of 2010, exports grew 18% when compared to the same period of 2009.

Data from the U.S. Commerce Department shows that Guatemalan imports also increased 9%.

Carolina Castellanos, head of AmCham, the Guatemalan-American Chamber of Commerce, explained that the leader of this rebound was the textile industry, which had “fallen to the ground” in 2009, reported Sigloxxi.com.

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