Guatemala: Entry Into Force of EU Agreement in December

The trade agreement between Guatemala and the European Union will enter into force provisionally on 1 December, authorities announced.

Monday, November 11, 2013

An article in Reuters reports that "Guatemalan exporters today welcomed the entry into force, on 1 December, of the trade pillar of the Association Agreement (AA) with the European Union (EU), a region with whom the country hopes to double product sales within five years."

" ... The Guatemalan Minister of Economy , Sergio de la Torre, said today at a press conference that now the matter will go to the Working Group of Latin America and the Caribbean of the EU to also be ratified and finally the Council of Ministers to confirm the validity of the trade pillar . "

" ... As of December 1, products such as sweet peas, shrimp, honey, fruits, ornamental plants, handicrafts , wood and wood products, clothing and textiles, footwear and glass, will be able to enter the European market with zero tariffs. "

More on this topic

Guatemala Manages Entry into Force of EU Agreement

October 2013

The country will ask the European Union to discuss the geographical designations in parallel so that the agreement can enter into force in December.

This was explained by Estuardo Castillo, president of the Guatemalan Association of Exporters (Agexport), who added that "this is what Costa Rica did and there was a good result."

Regional Plan for Use of AA with EU

September 2013

FECAEXCA has submitted a regional strategy for the Association Agreement to be an effective tool of investment, business and employment generation.

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

Central American exporters meeting in the Federation of Chambers and Associations of exporters from Central America and the Dominican Republic, FECAEXCA, has delivered to its governmental and private initiative authorities a regional strategy for the Association Agreement to be an effective tool for investment, business and generating employment for regional countries.

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 Strengthens Trade Ties with Europe

July 2011

The old continent has become an important destination for Guatemalan exports.

The fairs organized by European countries and trade missions by Guatemalan businessmen, together with the government, are two of the reasons for the increase in exports to countries like Germany, Italy and Belgium, among others.