Sergio de la Torre, Minister of Economy of Guatemala, reported that negotiations will be held by mutual agreement, but that will not prevent the signing of the Partial Alliance Agreement (AAP by its initials in Spanish) between the two countries.

Meanwhile, Mario Yarzebski, a member of the Sugar Association of Guatemala, said that Trinidad and Tobago reported that they needed approval to sign the group of countries comprising of the Caribbean Community (Caricom), therefore this product is beyond negotiation.

Currently, sugar incurs a 15% tariff.

"The signing was delayed until May 31, but according to the original schedule, this should have been signed yesterday," reported Prensalibre.com.

Source: prensalibre.com

More on this topic

Trinidad and Tobago: An Attractive Market

February 2015

The Partial Agreement signed by Guatemala with Trinidad and Tobago generates great business potential with an economy that boasts the highest income per capita in the region.

From a statement issued by Agexport:

Since the Ministry of Economy of Guatemala announced the negotiation of a partial scope agreement with Trinidad and Tobago, the sectors represented in AGEXPORT (agricultural, manufacturing and services), expressed their interest in exporting, due to high business potential and investment attraction this country represents.

El Salvador-Trinidad & Tobago Trade Agreement

November 2013

Delegations from both countries have concluded the first round of negotiations for a partial trade agreement which they hope to sign in the first half of 2014.

Eleconomista.net reports: "Added to this trade agreement, as part of the same negotiation, is an agreement for cooperation in tourism and other investment protections, said the Vice Minister of Foreign Trade of El Salvador, Mario Hernandez ...".

Trade Agreement Between Guatemala and Trinidad & Tobago

July 2013

The negotiations for a partial agreement between the two countries are in their final stages, with signing expected to happen in September.

According to the Guatemalan Vice Minister of Economy, Maria Luisa Flores, "the economy of Trinidad and Tobago is one of the largest in the Caribbean region and it is of interest to Guatemala as it represents the gateway to the Caribbean Community market (Caricom) ".

Commercial Agreement Guatemala-Trinidad & Tobago

April 2013

In late May, the two countries will officially sign a partial scope agreement.

According to Maria Luisa Flores, vice minister of Foreign Trade and Integration in Guatemala, the signing will take place on 30 or 31 May, taking advantage of the visit of foreign business people participating in the Guatemala Investment Summit.