Guatemala: Wages Adjusted to Productivity

The textile industry presented an economic proposal of salary increases through a productivity bonus.

Thursday, September 10, 2009

Such proposal would increase the daily salary to $8.41 (Q70) via a productivity bonus.

Alejandro Ceballos, president of the Textile and Apparel Commission, told newspaper Prensa Libre: "The current minimum salary would be the future wage floor".

More on this topic

Guatemala: How to Reactivate Agroexports

May 2017

The high logistic costs and the appreciation of the Quetzal against the dollar are two of the factors which, according to exporters, have prevented better performance from being achieved in recent years.

According to Agexport, exports of Guatemalan agricultural products in the last 6 years have registered very low growth, going from $2.96 billion in 2011 to $3.2 billion in 2016. In the same period, non-traditional agricultural products which registered a decrease were peeled sesame seeds (-14%), frozen peas (-6%), broccoli (-47%), frozen beans (-35%), tomatoes (-35% %), potatos (-48%), and mangos (-3%), among others.

Textiles: More Lobbying After Loss of Benefits in the US

September 2015

Efforts are growing to minimize the impact of the possible signing of the Trans-Pacific Partnership Agreement, and a tariff reduction program with long deadlines for sensitive products has been proposed.

As negotiations proceed to sign the Trans-Pacific Partnership Agreement (TPP), the textile industry in El Salvador is stepping up its efforts to maintain the conditions of the CAFTA treaty and minimize the impact that the TPP will have on the sector in the long term. One of the main risks is that "... Vietnam could introduce products from China and then export them tariff-free to the United States, which would give them a huge competitive advantage. "

Guatemala: Tax Incentives Extended

September 2015

While the Investment and Employment Law Project is still waiting in congress, the new Minister of Economy announced that they are preparing a "plan B" to maintain incentives for the productive sector.

At least four months before the expiration of the Law on the Promotion and Development of Exports and Maquila Activities, it has been announced that the aim of the alternative plan is to maintain the tax benefits enjoyed up until now by exporting companies, mainly textiles and maquila.

Panamanian Textile Sector Declines

January 2012

Although the 2011 figures showed an increase of 13.5%, the sector is losing productive capacity, producing only a third of what was manufactured in 2001.

Faced with the figures from the National Institute of Statistics and Census (INEC), industry representatives argue that the low production is mainly due to lack of personnel and training.

 close (x)

Receive more news about Employment

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...

Government Procurement
Opportunities in the region

bid deadline

Apr 21
Apr 21
Apr 21
Apr 21
Apr 21
Apr 21
Apr 21

Stock Indexes

(Apr 6)
Dow Jones
S&P 500


(Apr 23)
Brent Crude Oil
Coffee "C"