Authorities from the Guatemalan Ministry of Economy (Mineco) informed that the agreement they seek to sign will not be a Free Trade Agreement (FTA), nor a Partial Scope Agreement, but rather a hybrid agreement.

Julio Dougherty, Vice Minister of Integration and Foreign Trade, explained to Elperiodico.com.gt that "... In two rounds of negotiations it is considered to close the negotiation for a trade agreement between Guatemala and Israel. A hybrid agreement will be signed, an intermediate figure because the World Trade Organization (WTO) does not recognize agreements of partial scope, nor is it an FTA."

Dougherty added that "... The door is already being opened with Israel, as there is a good relationship for political reasons. In addition, the agreement for the Reciprocal Promotion and Protection of Investments, signed by both governments, has been in force since 2009."

According to Guatemalan agricultural businessmen, market opportunities have been identified in Israel for products such as sugar, coffee, berries, vegetables, vegetables and beef.

Source: elperiodico.com.gt

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