Guatemala: Exporters Urge Approval of FTAs

Exports did not grow during 2012, and the industry is appealing to Congress to ratify various pending trade agreements.

Thursday, January 3, 2013

"It is important to speed up in Congress the ratification of trade agreements", said the president of the Guatemalan Association of Exporters (Agexport), Francisco Menendez.

According to an article published in Prensalibre.com, 2012 did not see good figures for sales abroad, reporting $10.36 billion for the year just ended, which is 1% less than the achievements of 2011 which reported $10.46 billion.

Among the pending agreements are those of Peru and the EU as well as the ratification of convergence with Mexico. Agreements which according to exporters could stimulate growth from 2013 to 2016.

"The pending agreements to be finalized are: Trinidad and Tobago, Canada and the EFTA bloc, including Iceland, Norway, Switzerland and Liechtenstein", said Menendez.

Moreover, Emmanuel Seidner, member of Congress, said that progress is being made in trade agreements. "The convergence of the FTA with Mexico is important. It is awaiting its third reading and final draft", said the deputy. "We are not taking advantage of this deal, as they are doing Nicaragua and El Salvador who have already ratified it", he added.



More on this topic

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February 2016

Fifteen years after the first approach was made, the countries have not reached an agreement on the conditions of entry of products such as textiles, meat and sugar.

Since 2001, Guatemala and Canada have been trying to close negotiations to create a free trade area between the two markets.

Guatemala Ratifies EU Association Agreement

June 2013

In order to complete the accession process, the Industrial Property Law must be published in the Official Journal, as well as the registration of 114 European GIs.

In addition to ratifying the trade agreement with the European Union, Congress also passed the Industrial Property Law.

Not Ratifying AACUE will Cost Guatemala $40 million

April 2013

As the months of 2013 go by, without the Agreement with Europe coming into force, so are the percentages of export quotas lost.

So explained Sergio De la Torre, Guatemala's economy minister, adding that "this creates uncertainty, both for the buyer and the supplier, they do not know what to do and opt for other markets."

Guatemala: Exporters Request Ratification of EU Agreement

April 2013

They believe that the country could lose competitiveness with partner countries and be at a disadvantage because neighboring Honduras and Nicaragua, have already ratified the agreement.

From a press release issued by the Guatemalan Association of Exporters (AGEXPORT):

The board of AGEXPORT met with the Guatemalan press, to publicly call on the Congress of the Republic of Guatemala, to ask them to ratify as soon as possible the Association Agreement (AA) between Central America and the European Union. According to exporters, Guatemala risks losing competitiveness with partner countries from the aforementioned continent, and being at a disadvantage because its neighbors, Honduras and Nicaragua, have already ratified it.

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