Guatemala Seeks More Mexican Investment

Alejandro Giammattei, elected president of Guatemala, will propose to the authorities of the North American country that a special economic zone covering both sides of the border be developed.

Thursday, September 19, 2019

Guatemala's president-elect is wasting no time, since four months after taking office, he is already making investment proposals to neighboring countries. In this case, he will do so in Mexico, where on September 20 he will meet with Lopez Obrador and will deliver a file on the issues he proposes to work on in the coming years.

See "Giammattei, New President of Guatemala

According to Prensalibre.com, in an interview with Forbes Centroamérica, Giammattei stated that "... the special economic zone it proposes would be the first binational zone in the world and would attract investment to generate employment. At the same time, it highlights that in this polygon there will be institutional presence of the states to combat the insecurity that exists in the region, as a result of the cartels."

Giammattei added that "... One of the industries that could benefit from this initiative is agriculture, but focused on an agro-industry where farmers can add value to their products."

Another opportunity identified by the next Guatemalan president is to propose to businessmen in northern Mexico the possibility of producing in Guatemala, so that they can then supply with their goods the southern part of the Mexican territory.

On August 11, Alejandro Giammattei won the second round of elections by a wide margin, concentrating 57.9% of the votes, and will assume the presidency of the country on January 14, 2020 with the challenge of implementing policies aimed at providing greater legal certainty to investments and reactivate the economy.

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