Guatemala Renews Trade Policy

The new government authorities want to emphasize improving competitiveness and investment attraction.

Tuesday, February 7, 2012

More competitiveness and attracting foreign investment. Those are the two axes of a renewed foreign trade policy announced by the National Council for Promotion of Exports (CONAPEX) in Guatemala.

"The new policy modernizes the current one and will be integrated into the national competitiveness agenda with a new proposal," said Maria Luisa Flores, Vice Minister of Economy, cited byPrensaLibre.com.

According to the website, the new policy has been consulted on with various sectors of CONAPEX including chambers of commerce, ministries of Economy, Finance, Agriculture, and the Bank of Guatemala.

More on this topic

Guatemala presents 2011 Trade Agenda

November 2010

Priorities include the ratification of the agreement with the EU, negotiations with Peru and homologation of the text of the treaty with Mexico.

The finance ministry presented the agenda´s to the National Council for the Promotion of Exports (CONAPEX).

The agenda also includes negotiations of a partial agreement with Ecuador as well as negotiations with Korea.

Central America Negotiates New Trade Deal

February 2012

The region will hold the first round of negotiations with the European Free Trade Association (EFTA).

The round of negotiations will take place between February 27th and March 1st.

Efta members are Switzerland, Iceland, Liechtenstein and Norway, all countries outside the European Union.

Reactivation of Guatemala – Canada FTA Evaluated

September 2011

The Ministry of Economy has called upon the private business sector in order to decide whether the country should finalise FTA negotiations with Canada.

Negotiations for this agreement, which have been going on for ten years, started with the participation of countries in the CA-4 (Guatemala, Honduras, El Salvador and Nicaragua) and to date only Honduras has signed.

Guatemala Creates Investment Promotion Agency

October 2009

Called "Office for Investment and Commerce", it will be in charge of attracting investments and promoting the country's products.

This agency will unify existing programs like 'International Trade Attaches', 'Invest in Guatemala', 'Pronacom' and the Intelligence Unit of the Economy Ministry. It still needs a Governmental Agreement for operating.

 close (x)

Receive more news about Commerce

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:


Find distributors in Central America

Reach qualified distributors for your products, from Guatemala to Panama.
Our distributor search service puts you in direct...

Stock Indexes

(Apr 18)
Dow Jones
0.64%
S&P 500
1.76%
Nasdaq
2.70%

Commodities

(May 18)
Brent Crude Oil
106.67
Coffee "C"
180.05
Gold
1,592
Silver
28.655