The Ministry of Health of Guatemala published in the Official Newspaper the agreement that regulates the commercialization of antibiotics and ophthalmological steroids, and granted 30 days for pharmacies to begin to implement the restrictions.
The regulation that will begin to govern was approved by the Ministry of Public Health and Social Assistance (MSPAS) on August 7, and stipulates that antimicrobial drugs (oral and parenteral antibiotics) and ophthalmic steroids, must be sold after being prescribed. See full agreement.
Deputies of the Guatemalan Congress ask that the agreement that regulates the commercialization of antibiotics and ophthalmological steroids, recently approved by the Executive Branch, be repealed.
Controversy between representatives of the legislature and the executive began after the Ministry of Public Health and Social Assistance (MSPAS) approved Agreement 181-2019 on August 7, 2019, which stipulates that antimicrobial drugs (oral and parenteral antibiotics) and ophthalmic steroids must be sold with a prescription. See full agreement.
An agreement regulating the sale of antibiotics and ophthalmic steroids in the country was approved, which can now only be sold with a prescription.
On August 7, 2019, the Ministry of Public Health and Social Assistance (MSPAS) approved Agreement 181-2019, which stipulates that antimicrobial drugs (oral and parenteral antibiotics) and ophthalmic steroids must be sold after being prescribed. See full agreement.
Limiting the fees charged in Costa Rica and establishing a law that defines market limits in Guatemala are part of the attempts being made in the region to regulate the use of credit cards.
A law proposal presented last January before the Legislative Assembly of Costa Rica, aims to regulate the percentage of the commission paid by businesses for credit or debit cards. According to the initiative, this task would be in charge of the Central Bank and the Commission to Promote Competition.
Standardizing procedures and applying administrative silence in favor of the taxpayer, are some of the proposals that Congress has received for reforming the current regulations.
Due to the widespread delay in the tax refunds which is still harming the majority of the companies in the country, the Central American Institute of Fiscal Studies (Icefi), the Center for National Economic Research (Cien) and the Association of Exporters (Agexport), delivered to the Economic Commission at the Guatemalan Congress, a proposal to modify the regulations that are currently applied.
The Business Intelligence Unit at the Market Development and Commercial Promotion Department of AGEXPORT and the Embassy of Canada in Guatemala are calling on exporters who have experience in exporting food to the Canadian market.
The regulation being prepared by the Superintendency of Banks will include simplified procedures for signing contracts, paying premiums, renewals and claims made with this type of insurance.
Now that the process of public consultation of the new regulation has ended, the Superintendency of Banks is preparing to present it to the Monetary Board for approval.
The new law requires companies operating under the regime to report to the ministries of Labor and Economy data on wages paid and investments made.
Government Agreement 52-2017 published in the newspaper Diario de Centroamérica details the information that must be provided by companies registered under the free zone regime.
On January 10 Government Agreement No. 3-2017 concerning amendments to Government Agreement No. 533-89 "Regulations of the Law on the Promotion and Development of Export and Maquila Activities" was published in the official newspaper.
The regulations in force for Central America allow two methods of certifying the weight of cargo moving through ports in the region.
The new regulations in force since July 1 oblige entities transportingcontainerized cargo by sea tocertify its weight under the International Convention for the Safety of Life at Sea (Solas). The problem cited by exporters is the increase this will have on costs, in addition to infrastructure problems faced in some ports in the region.
Regulations are being prepared for the entry into force of the microfinance law on November 10.
Liquidity, solvency and corporate governance are some of the aspects that govern the 30 regulations prepared by the Superintendency of Banks of Guatemala, for the entry into force of thelawin November.
On October 12 and 13 representatives from the banking and financial sector will be gathering together in Panama City to discuss issues relating to regulation, business and investment.
The International Finance Summit is an event being organized by the Banking Association of Panama and will be held at the Hotel Trump Ocean Club Convention Center.
Increased operating costs because of risk controls imposed by the US have led to correspondent banks avoiding working with small banks.
Maintaining small structures at the same time as paying high costs in order to meet the standards required internationally, primarily in the United States, is no longer viable for banks who want to remain profitable.
One of the new features of the new Regulation on Evaluation, Control and Environmental Monitoring is that category A and B1 environmental diagnostic must be subject to public consultation.
From a statement issued by Agexport:
The Environmental Management Unit at AGEXPORT, wishes to inform the export sector of the publication of Government Agreement 137-2016, Regulations Assessment, Environmental Monitoring and Control, which was published on July 12, 2016 in the newspaper Diario de Centroamérica.
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