Guatemala to Expand FTA with Colombia

Guatemalan authorities announced that in the coming weeks they hope to finalize the extension of the FTA with the South American country, which will consist of inclusion of the textile and rubber sector.

Wednesday, February 28, 2018

With the aim of continuing to promote Guatemalan exports from the textile industry, Executive authorities stated that after the last visit to Colombia, they were able to reach an agreement to expand the conditions of the FTA.

Regarding the negotiations for the extension of the treaty, the minister of economy, Acisclo Valladares, informed that " ... "It is a great achievement to have reached agreements on expansion of the treaty, which has been under negotiation for the last few weeks, in terms of opening up in the textile and garment industry." "

The ministry leader added that "... In  the next few weeks, Guatemala hopes to finalize the expansion of the Free Trade Agreement (FTA) between the Northern Triangle of Central America (Guatemala, El Salvador and Honduras) and Colombia, which aims to include the textile and rubber sector."

More on this topic

Guatemala: 2019 International Business Agenda

January 2019

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.

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.

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. 

Guatemala - Israel Trade Agreement

May 2018

With the aim of favoring mainly agricultural products, the Morales administration has announced that it will propose to the Israeli government starting negotiations for a free trade agreement.

In the coming days a Guatemalan government delegation will be visiting Israel, a trip which could be leveraged for representatives of the Ministry of Economy to raise the possibility of signing a trade agreement between the two countries.

Growing Colombian Trade in the Northern Triangle

December 2016

Since the entry into force of the trade agreement in 2009, Colombian exports to Guatemala, El Salvador and Honduras have grown by 38%.

Colombia is now seeking more opportunities in the fields of cosmetics, automotive goods and metalworking in El Salvador, and in textiles and clothing in Guatemala.

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