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 Dca.gob.gt 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.

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

Guatemala-South Korea FTA: Negotiations Restart

September 2019

Guatemalan authorities announced that in the first week of October they will travel to South Korea, with the aim of restarting negotiations of the Free Trade Agreement between the two economies.

Guatemala is the only Central American country still negotiating the Free Trade Agreement (FTA) with South Korea, since El Salvador, Panama, Honduras, Nicaragua and Costa Rica signed it in February 2018.

Promise to Sign FTA with South Korea

August 2019

Guatemalan authorities, the only country in the region that is negotiating the FTA with Korea unilaterally, announced that they will speed up efforts to sign the agreement before the end of the year.

The announcement was made by President Jimmy Morales in the company of the Minister of Economy, Acisclo Valladares Urruela, before the members of the board of directors of the National Coffee Association (Anacafé), which is one of the sectors that is demanding the adhesion of the country to the Free Trade Agreement (FTA) between Central America and South Korea.

Trade Agreement: Negotiations with the UK

January 2019

It is announced that technical groups from the governments of El Salvador and Guatemala began negotiations in London to conclude a new trade agreement.

Now, there is a possibility that the agreement the region seeks to sign with the European country will not be consolidated, since it is not yet clear how the process of Britain's exit from the European Union will be carried out, an issue that is generating great tension between the British Parliament and Prime Minister, Theresa May, at this very moment.

FTA with South Korea: Never Ending Story

June 2018

In Guatemala, agricultural entrepreneurs insist that opportunities will be lost if the agreement is not signed, while industrialists propose analyzing the conditions in more detail.

The National Coffee Association believes that the Ministry of Economy has abandoned talks with the Korean government, which harms them since the Asian country is a growing market that recognizes the quality of the grain. 

 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

(Apr 8)
Brent Crude Oil
35.15
Coffee "C"
120.75
Gold
1,675
Silver
15.205