Ecuador Seeks to Restore FTA with Guatemala

During the recent visit of the Ecuadorian president to Guatemala, the intention to take up again the issue of the Free Trade Agreement between the two countries, whose negotiation was stalled years ago, was expressed.

Friday, January 17, 2020

As a result of the inauguration of the new Guatemalan government, Ecuadorian President Lenin Moreno visited the Central American country and took advantage of the occasion to meet with Guatemalan businessmen. In this session he discussed the signing of the Free Trade Agreement.

See "Guatemala Reviews FTA with Ecuador"

According to a statement from the Ecuadorian presidency, Moreno explained to Guatemalan businessmen the benefits of the Law for the Promotion of Production that has passed through the National Assembly of Ecuador, and also stressed the need to finalize a Free Trade Agreement and other actions to strengthen trade between the two economies.

In this regard, Juan Carlos Tefel, president of the Coordinating Committee of Agricultural, Commercial and Financial Associations of Guatemala (Cacif), told Prensalibre.com that "... in Ecuador there is already significant Guatemalan investment in the industrial and agricultural sectors. This nation has made important reforms that encourage foreign investment."

Jorge Briz, head of the Guatemalan Chamber of Commerce, said the two countries have "... complementary economies and great opportunities in industrial and commercial areas, from tourism, infrastructure and regional strategic alliances that will generate development and employment."

According to Ecuadorian officials, work will be done to put into operation a Binational Cabinet, through which progress could be made on several economic issues.

Do you need more information about your business sector?

Request more information:








-->

this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423


More on this topic

Concern about the Future of the Relationship with USA

July 2019

Guatemala's business sector responded with concern to President Trump's warning about imposing export tariffs and levies on remittances and transfers.

The announcement made by the president of the United States comes after the Guatemalan Constitutional Court issued a ruling in which it limits its foreign policy functions to the Executive, by granting a provisional injunction that prevents the negotiation or signing of any agreement.

Pressure Grows to Sign FTA with South Korea

July 2018

In Guatemala, business associations, mainly in the export sector, are insisting that the government resume negotiations and complete the process of adhesion to the trade agreement with the Asian country.

The private sector groups explained that despite the commercial opportunities that Guatemalan companies have with South Korea, Guatemala is the only country in Central America that has not completed negotiations to sign the FTA, meaning that they are unable to take advantage of the benefits that this agreement offers.

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.

Guatemalan Businesses Want Agreement with Ecuador

July 2010

Guatemala’s chamber of commerce has indicated the desire of businesses to enter the Ecuadorian market.

Jorge Briz, director of the Guatemalan Chamber of Commerce (CCG), commented that the National Council for the Promotion of Exports (Conapex), will seek a partial trade agreement (APP in Spanish) with Ecuador.

 close (x)

Receive more news about Exports & imports

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Gluten-free food business for sale

Operating Company dedicated to the manufacture of gluten-free and sugar-free products, OHNE brand.
The OHNE brand has 8 product lines: square bread, sweet...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Feb 28)
Brent Crude Oil
51.02
Coffee "C"
109.8
Gold
1,644
Silver
17.585