From the comfort of a heated office and after receiving thousands of dollars in salary at the end of every month, well-intentioned people are trying to take away from those who have nothing, the possibility of having a job.
EDITORIAL
The indispensable struggle for the dignity in jobs and the eradication of slavery of the people living under a wild form of capitalism, has led to the introduction of minimum wages in modern societies.
The Executive argues that foreign companies planning to invest in the country desist from doing so if they are not provided with tax incentives and the possibility of paying differentiated wages.
The Government is continuing to put pressure on Congress to approve the Investment and Employment Act which has been temporarily suspended due to several actions of unconstitutionality presented before the Court. State representatives say that if the option of differential wage is discontinued permenantly, several foreign companies will desist from making investments in the country.
The business sector is demanding that the government take action to minimize the impact of the expiry at the end of the year of tax incentives granted to foreign firms in free zones.
About 1,300 companies enjoy the benefits granted by the World Trade Organization, which expire on December 31 this year. Two companies have already moved their operations to other countries, according to the Ministry of Economy of Guatemala.
At the request of the business sector, the government has agreed to revise the rates for services in the Port of Quetzal in Escuintla and port Santo Tomás de Castilla.
From a statement issued by the Government of Guatemala:
The government has announced that it will extend the effective date of the regulation establishing the use of low sulfur diesel and has agreed compliance with the productive sector starting from April 2015.
The Ministry of Energy and Mines has decided not to ask the Council of Ministers for Economic Integration (Comieco) to delay the extension for five years of the enactment of regulations governing the use of clean diesel in the country.
Wood, seafood, coffee and frozen vegetables are some of the products already going to Asia and the aim is to promote the opening of a sales office in Hong Kong.
According to Guatemalan authorities, the main import partner is China and in exports it is Japan. In 2013 exports to Asia generated $897.7 million, however, this figure is expected to be greater by the end of 2014, as Asian demand has increased.
The Guatemalan government has announced that the bus manufacturer HIGER is studying the feasibility of installing an assembly plant for light vehicles in the country.
The interest of the Asian company was revealed in the context of a tour in Guatemala by business representatives from the company who came to explore investment opportunities.
The Government aims to create Proguate, an entity that will focus on attracting foreign investment and implementing a competitiveness strategy.
The Guatemalan government aims to create an agency to promote investment in the country. Proguate will focus on designing a brand for the country in order to attract foreign investment and implement a competitiveness strategy.
The Executive has proposed that individuals and business organizations that operate informally pay a single tribute of $20 a year.
The Guatemalan vice president, Roxana Baldetti proposed formalizing the informal economy through payment of a single annual tax of $20 which would apply to micro, small and medium enterprises operating in this segment of the economy.
The elimination of tariffs on agricultural products and flexible rules of origin for products such as tuna, textiles and plastics are part of the changes incorporated in the Agreement.
The Minister of Economy, Sergio de la Torre said that in the next few years Guatemala's exports to Europe could be doubled, as has happened with the other trade agreements that the Central American nation has signed.
Russian businessmen will visit the country in January under the agreement signed to promote investment between the two governments.
The visit to Guatemala by Russian investors and the firm in November as part of the Agreement for the Promotion and Reciprocal Protection of Investments (APPRI by its initials in Spanish) represents a great opportunity for the industrial sector of the Central American country.
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