Small and medium businesses in Guatemala look to Central America as prime market.

Central America receives 80% of the exports by small and medium businesses in Guatemala.

Tuesday, October 28, 2008

"Central America is the region to which they export the most due its proximity; however, we are interested in completing the customs union, because not having it reduces competitiveness," explained Ernesto Morales Pinzon, president of the Guatemalan Federation of Small and Medium Businesses (Fepyme).
The importance of the region is also considered in the Export Consultancy program (Apex) promoted economically by the European Union, the Ministry of Economy and coordinated by the Guatemala Chamber of Commerce.

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SMBs and the AA with the EU

November 2013

Small and medium enterprises in the region, especially in the food sector, have great opportunities to export to the European market.

This was explained by Ingrid Figueroa, director of the Regional Center for the Promotion of MSMEs (Cenpromype), an agency of the Central American Integration System (SICA).

Agexport Targets Mexico and Panama

May 2012

Panama and Los Estados Puebla and Toluca total 57 million consumers that are the target of the second edition of the Mesa Mesoamerica.

There are 57 million potential consumers of Guatemalan products in the states of Mexico and Panama, which will be targeted in the second edition of the Mesa Mesoamerica, which is being run by the Guatemalan Association of Exporters (Agexport).

Why do SMEs fail?

March 2012

Over 50% of SMEs fail before they are three years old, 90% are no more than five years old and only 10% survive.

In the case of Nicaragua the subject is sensitive, "because 60 percent of its business backbone is made up of micro, small and medium enterprises, which account for 40 percent of gross domestic product (GDP), estimated at more than six billion dollars.

Guatemala opens new small business center

July 2008

The Federation of Small and Medium-Sized Businesses in Guatemala has opened a training and business center.

The center will train its clients in the tools and practices of management, technology, legal and financial issues, and marketing.
Ernesto Morales Pinzón, the center's manager, said, "The center will allow participants to spend the day dealing with real world themes, so that they can do a better job of managing their own businesses in an marketplace of increasing competitiveness."

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