Plan to Expand Belize - Guatemala Trade Agreement

An agreement between the chambers of commerce of both countries would extend the list of goods covered by the partial agreement, which has been in force since 2010.

Thursday, December 10, 2015

In addition to expanding the list of goods, the goals that employers have set are to improve methods for settling trade disputes arising between the two countries.

The Chamber of Commerce of Guatemala outlined that "... This agreement seeks to improve trade relations between both countries ... Jorge Briz, president of the organization, said that the main objective is to promote investment and eliminate border barriers between Guatemala and Belize. "

"... In summary, Guatemala and Belize have improved trade relations in recent years, as in 2012 it amounted to over 58 million, in 2013 more than 70 million, in 2014 it exceeded 98 million and so far this year it amounts to more than 178 million. "



More on this topic

More Trade between Guatemala and Peru

April 2018

The union of Guatemalan merchants and the embassy of Peru signed an agreement to increase trade between the two economies.

According to figures from Banco de Guatemala, in 2017 the Central American country imported $71 million worth of goods from Peru and exported $86 million worth to the South American country.

Guatemala and Belize Expand Trade Agreement

February 2014

An agreement has been made to expand the list of traded products and other conditions of the Partial Agreement which has been in force since 2010.

Guatemala and Belize agreed to extend the benefits of the Partial Agreement which came into effect four years ago. The aim, according to the Ministry of Economy (Mineco), is to strengthen trade relations.

Belize – Guatemala Trade Agreement In Effect Soon

March 2010

The Partial Trade Agreement signed between both countries will come into force on April.

Chancellor Haroldo Rodas explained that tariffs will be gradually removed from a number of products deemed of interest for both sides.

Newspaper Siglo XXI reported that the Trade Ministry will make the full list of products available next Monday.

Belice and Guatemala Strike Agreement

October 2009

A Partial Trade Agreement, comprising 75 products, comes into effect this week.

This agreement is meant to be the prelude for a Free Trade Agreement between both countries.

"It was signed in 2006, and will ease tariffs on products such as oils, iron, wood, livestock, tropical fruits and fisheries", stated César Leon, from the Foreign Relations Ministry of Guatemala, in a Prensalibre.com article.

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