Private Council on Competitiveness in Guatemala

The objective is to encourage, from the private sector, the design of a national strategy for productivity and economic development.

Wednesday, June 13, 2012

This body "has arisen from private sector efforts to stimulate job creation through improving the competitiveness and innovative capacity of the country, hence the commitment to collaboration between the productive sector, academia and the public sector" said Carlos Amador, vice president of the CPC.

The manager said that private entrepreneurs want to support policies that aim to achieve sustained growth of 6% annually, since that would create about one million jobs by 2020, or about 100,000 jobs annually.

According to Amador, they want to foster a business climate that is favorable to the growth of local enterprises and attracting foreign investment, reported Prensalibre.com.



More on this topic

Guatemala Prepares New Incentives for Investment

April 2012

Legislation packages are being prepared to grant exemptions to exports, logistics and industrial parks.

The government and employers are holding talks regarding legislative proposals and measures to attract more foreign investment.

Sergio de la Torre, Minister of Economy, said there is a package of new laws which will be submitted to Congress within six weeks, which includes, Act on Investment Incentives, Employment and Productivity, Competition, Employment Inclusion, and Microfinance.

Low Foreign Investment in Honduras

March 2012

In 2010, Honduras received $1.2 billion, however last year it received $400 million less in foreign investment.

The figures published on Tiempo.hn were provided by the Honduran businessman Ignacio William, who warned against the negative consequences that a decline in foreign investment may have.

Nicaragua, a Magnet for Foreign Investment

November 2011

It is estimated that the current government will have accrued $3 billion by the end of its term, an increase of 140% compared to the previous administration.

The arrival of companies interested in investing in the country has continued, even during the election process.

El Salvador: $1.048 Million in Foreign Investment

July 2009

In the past lustrum, 105 new companies have invested in the country, creating 36.000 direct jobs and 70.000 indirect ones.

According to data from Proesa, the investment promotion agency, investments came from different countries like Mexico, U.S., Spain, Colombia and Brazil.

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