The lack of a competition law in Guatemala could expose the country to sanctions from the European authorities, since it is a requirement demanded in the regulations of the Association Agreement with the European Union.
Since the end of 2016, the Association Agreement (AdA) required Guatemala to have a law on the matter, since in 2019 a Central American competition authority would have to be created. However, it cannot operate, because there is no legal framework.
Guatemalan exporters report that President Trump's warning about export tariffs and taxes on remittances and transfers is raising doubts among U.S. buyers.
Uncertainty prevails among most Guatemalan businessmen after President Trump reacted to the provisional protection established by the Guatemalan Constitutional Court, which limits the functions of the Executive Branch to negotiate or sign any foreign policy agreement.
Guatemala's business sector responded with concern to President Trump's warning about imposing export tariffs and levies on remittances and transfers.
The announcement made by the president of the United States comes after the Guatemalan Constitutional Court issued a ruling in which it limits its foreign policy functions to the Executive, by granting a provisional injunction that prevents the negotiation or signing of any agreement.
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.
In Costa Rica a hotel entrepreneur is confronting the Solis government, after it warned that companies carrying out commercial promotions in alliance with Uber will be penalized.
EDITORIAL
Can it be that businesspeople in Costa Rica nowhave to consult the government to validate their marketing plans and strategies for their products and services?
More than 60 companies were suspended and fined for having agreements for clean energy generation that never began operations.
According to the Minister of Natural Resources and the Environment (Serna), Rigoberto Cuellar, these companies were headed by people without the economic or technical capacity to develop these projects and their intention was to resell them.
The Department of Commerce has imposed a fine of $1.75 million on the Panamanian subsidiary of Ericsson for exporting equipment to the Caribbean island, violating trade restrictions.
Ericsson Panama, subsidiary of the multinational of Swedish origin, will be fined $1.75 million by the U.S.
Six of the seven sugar mills operating in Honduras were fined a total of $ 3.2 million for monopolistic practices.
These are Chumbagua mills, CAHS, Yojoa, Choluteca, La Grecia and Tres Valles.
Elheraldo.hn published, "The penalty responds to violations of the Competition Law, specifically regarding Article 5, paragraph 1, which prohibits contracts, agreements, concerted practices, combinations or arrangements between competitors or competing operators with the purpose of establishing prices, fees or discounts."
By refusing to consider what happened as a coup d'état, the U.S. avoids imposing economic sanctions on Honduras.
Even though Obama's administration maintains its position in favor of Zelaya's re installment as president, it has avoided declaring the Honduras situation as a coup d'état. This is a decision in itself, as it permits the maintenance of economic assistance programs for the impoverished country.
Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico. The company manufactures and sells telescopic,...
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