españolSugar: New Harvest, New ChallengesThursday, November 14, 2019 In a context of falling international prices, increasing production and improving efficiency are the main objectives of Guatemalan sugar producers for the 2019-2020 harvest. Official figures detail that during the 2018-2019 harvest the production of sugar in Guatemala reached 2.9 million metric tons, and for the current harvest that has just begun the harvest of a similar volume is projected. Guatemala Prepares to Export Livestock to MexicoThursday, November 14, 2019 The protocol allowing Guatemalan companies to sell live cattle in the neighboring country will come into effect on December 15, 2019. After the negotiation process between Mexican and Guatemalan authorities has concluded and the sanitary regulations for the entry of animals have been approved, the Central American country has the green light to start selling live cattle. Laminated Products: Import ControversyTuesday, November 12, 2019 At the request of Ternium, the Guatemalan Ministry of Economy conducts an import investigation to determine whether or not a safeguard can be applied, a measure opposed by the commercial sector. In February 2018, the company Ternium submitted to the authorities a request for the Directorate of Foreign Trade Administration (DACE) to carry out an economic study of the import of rolled products into the country, which has as its main objective, to establish whether a safeguard measure is appropriate. Hardware Industry with Good FiguresFriday, November 8, 2019 In Guatemala, the hardware industry is expecting its sales to grow 20% this year, mainly explained by the good performance it has reported so far in 2019. According to projections of the Banco de Guatemala (Banguat), updated to September 2019, it is forecast that at the close of this year the construction sector will grow by 5.8%, a rise that would be explained by more flexible procedures in the processing of permits.
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Air Conditioning Equipment: Regional Market up to June 2019Thursday, November 14, 2019 Between January and June 2019, the region spent $92 million to import these products, and purchases from Mexican companies grew 23% over the same period in 2018. Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graphic"] Which Economy Will Grow Most This Year?Thursday, November 14, 2019 In its latest update of economic growth projections for 2019, ECLAC estimates that the Dominican Republic will close the year with a 5% increase, followed by Panama, which would reach a growth rate of 3.7%. According to economic growth projections for Latin America, which were estimated by the Economic Commission for Latin America (ECLAC) and updated in November, the Dominican Republic will be the country in the region that will increase its production the most this year. Guatemala: Construction of Overpass AwardedWednesday, November 13, 2019 L&S Construcciones S.A. was awarded the contract to build the overpass of Route CA-01 Occidente, Cuatro Caminos, in the department of Totonicapán. According to the official documentation of the event, the companies that presented their bids were Construcciones y Consultoría S.A., Constructora Conalca, Grupo Beta Constructores S.A. and L&S Construcciones S.A., the latter being the business group favored with the qualification of the examining board.
MARKET STUDY
Pharmaceuticals: Regional Purchases Grow 8%Wednesday, November 13, 2019 In the first six months of the year, imports of pharmaceutical products in Central America totaled $1.717 million, 8% more than in the same period in 2018. Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graphic"] VAT Refund: Changes in RegulationsWednesday, November 13, 2019 The changes that had been made to the Regulation of the Value Added Tax Law in Guatemala came into effect. This is Governmental Agreement 222-2019 modifying the Regulation of the Value Added Tax Law, which contains provisions regarding the mechanisms for the recovery of the tax credit to exporters created by Decree 4-2019, informed the exporters' union. Part-Time Work Law AgainTuesday, November 5, 2019 After the Constitutional Court temporarily suspended the legal framework regulating part-time work in Guatemala, a new proposal advances in Congress. This is bill 5477 has received a favorable opinion from the Labor Commission of the Congress of the Republic and is pending discussion in the plenary of deputies. Controversy Grows Over Highway ConcessionWednesday, November 6, 2019 After the Guatemalan Congress voted against the bill granting the concession to rehabilitate and operate the Escuintla-Puerto Quetzal highway, the winning company asks to return the process to third reading, but some deputies refuse. Although the concession was granted in July 2018 through a public tender process to the Consorcio Autopistas de Guatemala, a business group that overcame the proposals of Mota-Engil Latin America and Anas International Enterprise, Congress voted against the bill that ceded in favor of the company the use of the road section. Hotels: Growing Supply and Occupancy in GuatemalaMonday, November 4, 2019 Between the first half of 2018 and the same period in 2019, the number of hotel rooms in the country grew 4%, and occupancy rose from 62.9% to 63.4%. Official figures specify that between January and June last year and the first half of 2019, in the hotel sector the number of establishments went from 3,315 to 3,524, and in the case of the number of rooms went from 55,735 to 58,024. Business Sector: Short Telephone Number AuctionMonday, November 4, 2019 On November 14, the Superintendence of Telecommunications of Guatemala will auction a short number, which is used by commercial entities to provide advertising services, information, assistance and services. So far, 56 four-digit telephone numbers have been auctioned in the country and the next one to be made available to companies will be 1710, which may be used as a routing mask to an eight-digit number. Tax Incentives to Encourage TourismThursday, November 7, 2019 In Guatemala, Congress is discussing a bill that seeks to increase the arrival of flights to the country through tax incentives for airlines, which would be coupled with the elimination of improper tax charges. On August 14, 2019, the President of the Legislative Branch, Álvaro Arzú Escobar, presented to Congress initiative 5585, which has the support of the International Air Transport Association (IATA), the Latin American and Caribbean Air Transport Association (ALTA) and the Guatemalan Association of Air Lines (AGLA). See full bill. Heavy Transport: New Deadline for Speed ControlTuesday, November 12, 2019 In Guatemala, the entry into force of the speed measurement and control device, which must be installed in vehicles of 3.5 tons and 12 passengers or more, was extended for another year. The regulations in Governmental Agreement 38-2019, published in April of this year, established that as of November 14 heavy transport units must carry a device that will have the function of measuring the speed at which vehicles travel, which must not exceed 80 kilometers per hour. |
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Sunday, November 17, 2019 - last update: 4:11 pm
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