Trade War and its Opportunities

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.

Wednesday, August 28, 2019

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.

Vegetable production, clothing, footwear and the plastic industry are some of the markets where countries like Central America could have opportunities, but to take advantage of the situation that is not expected to continue for many months, the authorities must act quickly.

You may be interested in "Warning of Possible Economic Slowdown

Pedro Barnoya, president of the China-Guatemala Chamber of Commerce and Cooperation, told Prensalibre.com that "... many economic opportunities have been lost, and in the current situation, which may not last more than six months, a quick reaction is needed through the economic departments of the Ministry of Economy (Mineco)."

Barnoya added that "... only with the announcements between the United States and China regarding tariff changes, buyers have changed options and sectors in Guatemala are having more orders. One of these is clothing and textiles. There is a company in that sector that has quintupled its exports at this time."

According to the businessmen, the company must have negotiators who can really attract investment, taking advantage of the region's advantageous position, as its products are not punished by tariff policies.

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