The signed association agreement "guarantees Central American countries that with the departure of the United Kingdom from the European Union, there will be no legal vacuum and trade relations with that country will be interrupted and tariff preferences will be maintained, with all legal guarantees for Central American exporters to the United Kingdom."
The government of Guatemala informed that Julio Dougherty, Vice-Minister of Integration and Foreign Trade, together with the Ministers of Economy and Foreign Trade of Central America and the United Kingdom Ambassador in Costa Rica, Ross Denny, signed in Managua the document that establishes the Association Agreement that constitutes the mechanism to attend the preferential commercial relations regulated with the United Kingdom through the Association Agreement between Central America (CA) and the European Union (AACUE), on the occasion of BREXIT.
In the NAFTA review carried out by the Central American and U.S. authorities, it is ruled out that the U.S. government will apply trade sanctions in retaliation for the deepening of the migration problem.
After the Trump administration pressured Mexico with the threat of increased tariffs on Mexican imports, the region has generated expectations for the planned review of the NAFTA with Central America.
Both countries agreed to increase from 60,000 to 125,000 tons the export quota of Guatemalan sugar that enters the Asian nation free of tariffs.
In the framework of the Second Meeting of the Administrative Commission of the Free Trade Agreement between Guatemala and the Republic of Taiwan, held in Taipei, Taiwan on July 8 and 9, both parties agreed to eliminate tariffs for the entry of certain products, informed the Ministry of Economy of Guatemala.
The Ministry of Economy found that Costa Rican Dos Pinos had dumped, but ruled out sanctions, arguing that no damage was caused to sales or local production.
The investigation process was carried out by the Ministry of Economy of El Salvador, derived from the complaint filed in 2017 by the Salvadoran Cooperativa Ganadera de Sonsonate, de RL de CV against the Costa Rican Cooperativa de Productores de Leche Dos Pinos and the local distributor Comersal.
With the strategic development of the Guatemala Country Brand, there are expectations in the business sector to jointly promote investments, exports and tourism.
After in 2018, the cargo movement in Panama increased 2% over 2017, in the first five months of 2019 the volume transported totaled 35.4 million metric tons, 3% more than in the same period last year.
The latest report of the General Comptroller of the Republic details that only last May reported a 12% year-on-year increase in cargo movement, rising from 7 million metric tons in the fifth month of 2018 to 7.9 million metric tons in the same period of 2019.
Puerta del Istmo, Centro Logístico Quetzal and ZDEEP Piedras Negras, are the projects advancing in Guatemala in the process of becoming Zones of Special Public Economic Development.
In response to alerts of African Swine Fever cases reported in Asia, authorities in El Salvador reported that they will carry out fumigations on air, land and sea transportation coming from the affected countries.
The Inter-American Institute for Cooperation on Agriculture (IICA) alerted the countries of the region at the end of June to strengthen animal health controls and public and private veterinary services in the member states to prevent the recurrence of African Swine Fever (ASF) in the region.
Because Guatemalan authorities have not yet completed the health control program, local producers cannot export live cattle to Mexico, where they could sell between 10,000 and 15,000 head a month.
For Guatemalan cattle ranchers, Southern Mexico is an attractive market, because there is interest on the part of Mexican businessmen to buy standing cattle at better prices than those quoted in Guatemala.
By analyzing the behavior of the global market, it is established that Holland, Switzerland and Germany are willing to pay a higher price for a distinctive cup of coffee.
Between the Committee of Distinguished Coffees of the guild of exporters of Guatemala and the European Union, they carried out the study called "Trends and Opportunities of exportation of coffee with added value", in which the price of coffee in 77 cities of the world was compared.
As a result of a decline in demand from some trading partners, Guatemalan exports of processed food and beverages decreased by 10% during the first quarter of the year compared to the same period in 2018.
Figures from the Bank of Guatemala report that from January to March 2019, Guatemalan exports of processed food and beverages totaled $292 million, 10% less than the amount reported in the same period of 2018.
Because the implementation of the Central American Single Declaration continues to generate problems in customs in the region, the contingency plan for DUCA F and DUCA was extended until June 27.
"If you use the Contingency Plan, we suggest that you make sure you arrive at the destination country with the DUCA F and DUCA T duly processed and the supporting documents," reported the Guatemalan Association of Exporters.
In order to successfully market fresh food, in addition to an attractive presentation to the market, good logistical performance is essential, which is expressed in terms of freshness, availability, and reasonably low logistical costs.
The fresh food sector is booming within the general food trade. For the success of its commercialization, besides an attractive presentation for the market and being able to offer a wide variety of products, also a good logistic performance is very important, which is expressed in terms of freshness, availability, and reasonably low logistic costs.
For businessmen in the sector the decline in dairy sales to May this year is mostly because of the rise in tax obligations in the country, directly impacting on export competitiveness.
Data from the Center for Export Procedures (Cetrex), say that between January and May 2018, and the same period in 2019, foreign sales of dairy fell from $53 million to $45 million, equivalent to a fall of 16%.
In Costa Rica, exporters ask the Central Bank to "avoid distortions in the fixing of the exchange rate because of the oversupply of dollars from the sources of financing for the fiscal deficit."
At the end of 2018 and the beginning of 2019, the dollar price against the Colon reported an upward trend, but from February 6 to mid-June 11, there has been a fall of up to 26 colones per dollar.