españolWal-Mart expands services in GuatemalaFriday, August 15, 2008 The supermarket chain, Wal-Mart, plans to continue its expansion and its strategy leans towards attending consumers in the province. According to Aquileo Sanchez, Communications Director for Wal-Mart Central America, through the rest of 2008 and the beginning of next year, they plan to open between 10 and 15 new stores. Sanchez said that this proposal is a part of a strategy of focusing its objectives on consumers who are looking for basic items at low prices. EU trade agreement could be delayedWednesday, July 23, 2008 Negotiations with the European Union on an Association Agreement might be delayed longer than expected. It might take until the end of 2009, and the accord might not go into effect until 2014. Enrique Lacs, former economic minister of the economy for Guatemala and former negotiator of the trade agreements made between Guatemala and the United States and Mexico, says he thinks the negotiations will take more time while aspects of policies, cooperation and market access are hammered out. European Commission Approves FTA with Central AmericaFriday, October 28, 2011 The European Commission has reviewed and approved an association agreement between Central America and the European Union. This is the first step in a process which should result in the agreement being signed. According to the Costa Rican Ministry of Foreign Trade’s press release, the process now moves to the Council of the European Union, a body composed of member countries, which must review and sign the legal compliance agreement. Walmart Looks for Honduran SMEsFriday, January 14, 2011 For the fourth consecutive year, the multinational will develop its program "A Hand to Grow.” The Walmart of Mexico and Central America program "A Hand to Grow" aims at supporting local producers and manufacturers, small and medium enterprises, offering space to sell their products in their store chain: supermarkets Paiz, Hiper Paiz, Maxi Bodegas and Despensas Familiares. Walmart Opens New Store in Costa RicaTuesday, November 15, 2011 With an investment of $9 million, the retail multinational has opened a new supermarket in its Mas x Menos brand. Located in San Antonio de Belén, the new site has an area of 9677 square meters, and 199 parking spaces. New Walmart Store in El SalvadorFriday, June 8, 2012 With an investment of $6.8 million the multinational retailer will open a second store under the Maxi Despensa format in July. In a 1,600 square meter area the works being carried out are now 70% complete. Walmart Investments in Costa Rica Reach $160.5 MillionWednesday, April 13, 2011 The retail multinational has announced the opening of 24 new stores during 2011. Alberto Ebrard, executive vice-president for Walmart in Mexico and Central America, added that the company will also be remodeling its Hipermas supermarkets to be rebranded as Walmart, as well as the opening of several distribution centers. Wal-Mart Looking for Innovative SMEs in GuatemalaFriday, April 16, 2010 WalMart Central America has invited SMEs to participate in business rounds within a program called “A hand to grow”, on June 3. The regional coordinator of the program explained that in order to participate, companies must have innovative and attractive products which comply with international quality standards and national sanitary rules. Walmart Opens New Store in El SalvadorThursday, December 22, 2011 With an investment of $4 million, the multinational has opened its first retail store under the 'Maxi Despensa' brand. Located in San Marcos, the new facility has created approximately 40 jobs, and has 1,200 square feet and a parking area for 76 vehicles. Walmart’s Continuing Investment in El SalvadorFriday, November 11, 2011 On December 2, the chain will open its first warehouse-type store in the country. The Walmart supermarket chain has invested $4 million in the development of the new supermarket opening in the municipality of San Marcos. Preferential liberalization and its economy effects in HondurasFriday, April 11, 2008 This paper quantifies the likely benefits of trade and investment liberalization in a small, poor, open economy, using the accession of Honduras to the Dominican Republic-Central American Free Trade Agreement as a case study. The results show that bilateral trade liberalization with the United States is likely to have almost no effect on welfare in Honduras, while the reciprocal removal of protection vis-a-vis the rest of Central America would lead to significantly larger gains. Potential gains from increased net foreign direct investment inflows overwhelm those expected from trade reform alone, particularly if the new foreign direct investment generates productivity spillovers. However, if it is to replace Honduran investment rather than complement domestic capital formation, growth performance is unlikely to improve and may even suffer. The paper's results identify several areas for policy attention by Honduran policy makers to make the Dominican Republic-Central American Free Trade Agreement more development-friendly. These include carefully considering the budgetary implications of trade reform, widening social safety nets to counter the trends toward increasing income inequality, and sequencing the reforms to ensure a close alignment of Honduras'comparative advantage on the regional and global markets. Walmart looking for Salvadoran SMEsWednesday, March 16, 2011 The multinational chain held a business conference as part of its program “A Hand to Grow”. SMEs interested in becoming providers for the retailer have until April 15 to apply. Contentious CAFTA - A Turning Point for Costa Rica?Thursday, April 24, 2008 Five of the six countries, including Costa Rica, which signed the Central American Free Trade Agreement (CAFTA) with the United States, have now ratified it. Oscar Arias, Costa Rica’s Nobel Laureate president, signed the agreement in November 2007, after the pro-CAFTA forces in his country won a hard fought election by a margin of approximately 3 percent. The necessary and enabling legislation is now moving slowly through its National Assembly despite resistance from its opponents. The pro-CAFTA legislative super majority of 38 has managed to hold tight. But, if one member of this center-right alliance becomes ill, or incapacitated, a vote cannot be cast. Wal-Mart Looking for SMEs in HondurasTuesday, June 15, 2010 The multinational supermarket chain is conducting its third business roundtable, as part of a program called “Una Mano para Crecer” (A Hand to Grow). Those suppliers who comply with the requirements will have the opportunity of commercializing their products in Wal-Mart’s stores. Wal-Mart Looking For Salvadoran SMEsThursday, June 10, 2010 The multinational chain is holding its first 2010 business roundtable, as part of a program called “Una Mano para Crecer” (A hand for growing). In these roundtables Wal-Mart will look for suppliers of new products to be distributed through its supermarket network. |
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