Uncertainty Increases over Relationship with the U.S.

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

Friday, July 26, 2019

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.

You may be interested in "NAFTA Review and Immigration Crisis

Fanny D. Estrada, director of the Guatemalan Association of Exporters (Agexport), confirmed to Prensalibre.com that "... yesterday (July 25, 2019) was a day with much expectation now on the side of buyers, who showed concern. Buyers are calling to look for how to guarantee their products already agreed or whether they are looking for other suppliers in these circumstances.

Also see "Concern about the Future of the Relationship with USA

Alejandro Ceballos, president of the Apparel and Textile Commission (Vetex), said that "... several garment assembly plants received calls from their buyers in the United States. We already heard from some customers who work in the country that we are highly exposed, which means that they have no substitution (of production) if an order is entered and if a tariff is placed overnight."

The legal battle in the country is the result of an agreement on migration that the Central American country seeks to sign, since the protection granted to a group of former foreign ministers, a former presidential candidate and the Human Rights Procurator aims to prevent President Morales from signing an agreement with the U.S. government to turn Guatemala into a Safe Third Country for immigrants seeking asylum in the United States.

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Guatemala's business sector responded with concern to President Trump's warning about imposing export tariffs and levies on remittances and transfers.

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