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.
This week a Japanese trade mission will arrive in the country looking for business opportunities in the alternative energy sector.
From a press release published in Diario de Central America:
In order to conduct business meetings with officials from the Ministries of Economy and Energy and Mines, this week will see the arrival of a delegation from Japan, which is interested in investing in alternative energy, said Byron Escobedo the Guatemalan ambassador in the Asian nation.
Guatemalan businesses and diplomats have traveled to south east Asia with the aim of strengthening the Free Trade Agreement (FTA) signed between the countries four years ago.
Another of the visit's goals is to explore the potential for Guatemala's to take advantage of the Economic Co-operation Framework Agreement (ECFA) recently signed between Taiwan and China.
The Asian country is primarily interested in Guatemalan products such as lumber and fish flour.
In August 2009, a group of Taiwanese businessmen will visit Guatemala looking to take advantage of the possibilities created by the Free Trade Agreement between the two countries which has been ratified since July of 2006.
According to the website Prensalibre.com, the Ambassador of Taiwan in Guatemala, Adlofo Sun, as well as the president of the Guatemalan Chamber of Commerce, Jorge Briz, both confirmed the interest in Guatemalan fish flour by the Asian businessmen.
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