More Confidence to Invest = Less Migration

Following the visit of US Vice President Kamala Harris to Guatemala, the business sector assures that in order to reduce illegal migration from Central America to the US, it is necessary to create a favorable and comfortable environment for local and foreign investment in the countries of the region.

Wednesday, June 9, 2021

As part of Harris' visit to Guatemala, Agexport prepared a document with proposals that reflect the experience it has accumulated over many years, incorporating Guatemalans and small rural businesses into export chains, generating income that allows them to remain in their territories.

In its document, the exporters' association lists some successful actions that have led to the growth of export companies throughout the country, which have provided employment through foreign trade.

Other representatives of the Guatemalan business sector have expressed their opinion individually after Harris' visit, agreeing that work must be done to improve the climate of confidence so that investors take the country into account.

Fernando Lopez Fernandez, president of the Private Competitiveness Council (CPC) of the Foundation for Development (Fundesa), told Prensalibre.com that work must be done to "... generate an enabling environment in terms of the rule of law, clear investment rules, infrastructure, training and education."

One of the main causes of illegal migration to the U.S., which was the central theme of Harris' visit, is unemployment and lack of opportunities. To address these causes, the countries of the region must attract investment and create new jobs.

In this regard, Lopez assures that "... Investors risk their money in the hope of obtaining returns, but, what are the guarantees we give as a country to have a better business development environment? That's where clear rules come in, the long-term maintenance and security of that business climate and where we compete with the whole world'."

Do you know that we are now part of something bigger?
Learn about PREDIK Data-Driven, our new global brand.



More on this topic

New Northern Winds for Central America

January 2021

Strengthening trade between the US and the region, fighting corruption in the Northern Triangle and reducing illegal migration flows, are some of the axes on which Joe Biden, the US president who has been sworn in, is expected to focus.

Biden, representative of the Democratic Party and winner of the last US elections, whose results were close, arrives at the White House to replace Donald Trump.

Uncertainty Increases over Relationship with the U.S.

July 2019

Guatemalan exporters report that President Trump's warning about export tariffs and taxes on remittances and transfers is raising doubts among U.S. buyers.

Uncertainty prevails among most Guatemalan businessmen after President Trump reacted to the provisional protection established by the Guatemalan Constitutional Court, which limits the functions of the Executive Branch to negotiate or sign any foreign policy agreement.

Panama Changes its Immigration Policy

September 2014

An announcement has been made that the next round of issuance of residence permits to foreigners will be the last, in a change to the policy "aimed at strengthening borders to preventing the influx of illegal immigrants."

Panamaamerica.com reports that "On 12 October, on the same day as 'Día de la Hispanidad' Panama will hold for the last time the fair for mass regularization of foreigners, known as the 'Melting Pot'."

Panama Concedes Immigration Amnesty

July 2010

Foreigners who have been in the country for more than two years will be able to legalise their status, subject to paying relevant fees.

The process, called “Panama, Crisol de Razas" (Melting Pot) will begin on 16 July in Atlapa and continue for four months, indicated the director of the country’s Immigration Service (SNM), María Cristina González.

 close (x)

Receive more news about Economics

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


Looking for Importers and distributors of furniture

Mexican manufacturer of office furniture seeks importers and distributors interested in dealing their products in Central America.
PM Steele is a 100% Mexican company, with more than 67...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Dec 8)
Brent Crude Oil
74.780
Coffee "C"
244.05
Gold
1,791
Silver
22.480