China-U.S. Relations: Opportunities for the Region

In the context of the tense diplomatic and commercial relationship between the two world powers, Central American countries could have the opportunity to attract new investments, as it is estimated that some American companies would need to migrate their operations to the American continent.

Wednesday, June 3, 2020

As a result of the tension between the two nations, Mauricio Claver-Carone, an advisor to President Trump, believes that U.S. capital, which currently generates thousands of jobs in China, will turn south of the U.S. borders.

Claver-Carone explained to Prensalibre.com that "... This is an opportunity for Guatemala and the rest of the region since due to this crisis with China we are encouraging companies to return to the U.S. and look south."

According to the official, if the supply chains that bring inputs or raw materials to the U.S., which for decades have flowed eastward, turn southward, they will contribute to his country's national security, since they will generate economic development and reduce the migration of Central Americans.

"... Guatemala has a very good financial system, which gives some support to the creation of more companies in different sectors, such as textiles, energy, electronics, which would be very important," Claver-Carone told the Guatemalan media.

For Juan Pablo Carrasco, president of the Guatemalan-American Chamber of Commerce (Amcham), "... Guatemala has an advantage over other countries in the region because it is strategically located with the United States, because of its proximity and because it has access to the sea on both the Atlantic and the Pacific, which would facilitate the transfer of products to any part of that country."

The issue of opportunities for the region in this context of economic warfare is not new, since in August 2019 CentralAmericaData reported that vegetable production, clothing, footwear and the plastic industry are some of the sectors in which countries like Central America could attract investment.

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More on this topic

U.S. Plans for the Region

December 2019

The Trump administration plan will be aimed at 30 countries of the continent and is called "America Crece", and consists mainly of the development of private investments, granting loans and sale of natural gas surpluses.

The U.S. government's objective is that, with the application of América Crece, job creation will be facilitated through the development of infrastructure in airports, ports, highways, digital networks and telecoms, but the big bet will be energy projects.

Trade War and its Opportunities

August 2019

The conflict between the U.S. and China could lead to business opportunities for companies in the region as a result of the tariff policies being implemented by the two world powers.

The trade war between the United States and China, two of the world's largest markets, is essentially about the authorities imposing tariffs on a number of products that both countries produce and sell abroad.

Tariffs to Mexico: Opportunity for the Region?

June 2019

The plan to impose a 5% tariff on Mexican products entering the U.S. would open up opportunities for Central American countries to increase their sales to the U.S., but there are fears that similar measures could be taken against the region.

On May 30, President Trump announced on his Twitter account that he plans to impose a 5% tariff on Mexican products entering the U.S.

Dallas Business Goes Mission to Guatemala

April 2016

Company representatives will be visiting Guatemala City on April 28th to meet with local entrepreneurs and evaluate business opportunities.

The visit by entrepreneurs is being organized by the Office of Economic Development and the Guatemalan-American Dallas Chamber of Commerce (Amcham).

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