With the strategic development of the Guatemala Country Brand, there are expectations in the business sector to jointly promote investments, exports and tourism.
Encouraging investments in free trade zones, increasing the number of new headquarters of multinational companies and strengthening diplomatic relations with Asian countries, are some of the stakes of the Central American country.
Taking advantage of the competitive position in terms of connectivity and logistics is the main offer of the Panamanian economy for companies from all over the world to settle in the country.
From this year onwards, the Chamber of Foreign Trade of Costa Rica will be the representative in the Central American country of the Trade Promotion Agency Avante Extremadura.
The Chamber of Foreign Trade of Costa Rica and Representatives of Foreign Houses (CRECEX), announced that from this year it will function as representative in Central America of the Trade Promotion Agency Avante Extremadura.
A bill by the Morales administration in Guatemala proposes creating an agency that would manage issues of commercial promotion, competitiveness, investment attraction and country brand.
Representatives from the Ministry of Economy presented in Congress a proposal for a Law to create the Institute for Commercial Promotion, ProGuatemala, which would absorb the functions and staff that at the moment execute the National Program of Competitiveness.
A proposal has been made to create a special economic zone in 26 municipalities in the southeast of the country, which would provide tax incentives for activities related to clean energy and the prospecting of natural gas and oil.
The Executive presented to the Legislative Assembly a preliminary draft of the Law on the Special Economic Zone of the Southeast Region of El Salvador, which has the objective of developing 26 municipalities of Usulután, San Miguel and La Unión.
More tourism and the promotion of Dominican exports to the European country, are some of the benefits expected to be gained from the agreement signed between businessmen from both countries.
The cooperation agreement between the National Confederation of Agricultural Producers (Confenagro) and the Dominican-Russian Chamber of Commerce, aims to promote exports of Dominican products to Russia, facilitate joint investments, and promote tourism and cooperation.
Businessmen recommend to take more advantage of the characteristics of the economy, such as dollarization, the growing and constant flow of remittances and the strength of the local financial system.
The Salvadoran Foundation for Economic and Social Studies (Fusades) presented a study highlighting the 12 most important factors which El Salvador has that can be leveraged to reactivate investments.
The 2017-2018 Guide by the Nicaraguan - German chamber of commerce provides details on tax exemption regimes by sector, requirements for foreign investors and other data.
From a statement issued by ProNicaragua:
Under a joint effort between the Government of Nicaragua through PRONicaragua, the official investment promotion agency of Nicaragua, the Ministry of Development, Industry and Commerce (MIFIC), in coordination with the Chamber of Industry and Nicaraguan Trade (AHK) by its acronym in German), the third edition of the Investor's Guide in Nicaragua 2017-2018 / Leitfaden für Investitionen 2017-2018, was presented yesterday, February 27, in the Spanish and German languages.
The US government has highlighted tax incentives and public-private sector dialogue, but warns that deficiencies in the rule of law, and extensive executive control can create significant challenges for those doing business in the country, particularly smaller foreign investors.
From the executive summary of the report "Investment Climate in Nicaragua 2017" by the US State Department:
It has been announced that between August and September a visit by Nicaraguan government officials and businessmen will be made to the Mexican city.
The visit is being organized by the Mexico-Nicaragua Chamber of Commerce, and the objective is to promote Mexican investment in the automotive, leather, footwear and furniture sectors, and the medical industry.
It is hoped that with approval of the agreement for the promotion and protection of investments trade and business opportunities between the two countries will increase.
From a statement issued by the Ministry of Economy of Guatemala:
The Congress approved Law Decree 8-2017 "Agreement on Promotion and Reciprocal Protection of Investments -APPRI- between Guatemala and the Republic of Turkey."
The procedures required for making investments of over $500,000 outside of Managua can now be made through a single window that includes all entities.
The Superior Council of Private Enterprise (COSEP) has announced that the window is already operating in Managua, and will allow companies to make investments in the departments in the interior of the country, centralizing all of their paperwork in one place, without having to manage multiple processes in different institutions.
From March 28th to 30th potential international investors will learn about public and private projects in infrastructure, tourism, energy and industrial development.
From a statement issued by Proesa El Salvador:
The country will open the first International Investment Forum El Salvador 2017 and present the Country Brand for El Salvador on March 28, reported officials this morning from the Agency for Promoting Export and Investment in El Salvador (PROESA), during a press conference.
Before the end of the year a government agreement could be ready which would unify the various departments for promoting investment as well as the creation of the Guatemala Trade and Investment entity.
Prensalibre.com reports that "...Rubén Morales, economy minister, said the goal is to manage this body through an executive committee made up of representatives from the public and private sectors, and which would be chaired by the Minister of Economy."
The new office will operate in Tel Aviv in a mixed format which will integrate the functions of trade promotion with the Embassy of Costa Rica in the country.
From a statement issued by PROCOMER:
Tel Aviv - San Jose, September 26, 2016.With the aim of promoting an approach and laying the foundation for the commercial promotion of Costa Rica in the State of Israel, September 26 saw the conclusion of the visit by Minister and Chairman ofthe Foreign Trade, Alexander Mora Delgado, to the cities of Tel Aviv and Jerusalem. During the three days of tours, the minister inaugurated the PROCOMER trade promotion office in Tel Aviv; officially launched the country brand essential COSTA RICA in Israel; and gave a masterful presentation - Doing Business with Costa Rica - followed by a discussion with a large group of Israeli entrepreneurs interested in expanding to Costa Rica.
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