Guatemala: 2019 International Business Agenda

For this year, one of the priorities Morales administration has as a priority to advance in the signing of free trade agreements with South Korea, Israel and the United Kingdom.

Wednesday, January 2, 2019

Representatives of the Ministry of Economy (Mineco) reported that by 2019, among the priorities of the agenda is the resumption of discussions of the trade agreement being negotiated with South Korea.

Julio Dougherty, Vice Minister of Integration and Foreign Trade, said that "... because of the importance of the Asian market, in terms of size and purchasing power, discussions will be taken up again with South Korea to achieve consensus on sensitive issues for both nations, and thus be part of the FTA with the rest of Central American countries."

Regarding the agreements with Israel, Acisclo Valladares, Minister of Economy, explained to that "... months ago the technical teams began to share the list of products."

It was also reported that after the departure of the United Kingdom from the European Union, negotiations began on a FTA, so that the volume of exports would not be affected. We are also negotiating with Peru and hope to open an administrative commission with Taiwan.

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