The fairs organized by European countries and trade missions by Guatemalan businessmen, together with the government, are two of the reasons for the increase in exports to countries like Germany, Italy and Belgium, among others.
In addition, the economic crisis affecting the United States, historically the main destination for sales abroad, has forced them to look for new markets for Guatemalan products.
Exports have risen 40% this year compared to 2010, up from $247 million to $345 million. Of the total, 27% is sold to Germany, 25% to Italy and the rest to Belgium, Spain, Sweden and the Netherlands.
An article in s21.com.gt states: "Germany is one of the main markets for Guatemalans, especially because they are coffee buyers. According to the president of the National Coffee Association (Anacafe) Ricardo Villanueva, exports to the German market have increased over the past three years. The employer indicated that about $183 million worth of this product has been sold and is followed by products like alcoholic beverages which totaled $44.6 million.
The Minister of Economy, Luis Velasquez, said that several meetings to strengthen trade ties with the Europeans have been held for some time, and that the goal is to sign a partnership agreement with Central America.
Velasquez noted that this project is in the process of verification and translation of texts. According to the EU Commerce Commission confirmed the texts have already been agreed upon and the agreement will start with the commercial pillar. Velasquez predicts that this agreement will further enhance trade relations. "
Source: sigloxxi.com
More on this topic
February 2012
The website "Made in Guatemala" has been created for Guatemalan SMEs to sell their products in Italy.
The Italian Chamber of Commerce and Industry and the Guatemalan Exporters Association have joined forces and launched the website "Made in Guatemala" on which Guatemalan SMEs may sell their products to Europe, mainly in Italy.
November 2011
Representatives from seventeen companies will visit the Mexican state of Yucatan to explore business opportunities.
The mission comes after the approval and signing of the unified FTA with Mexico.
"The president of the Guatemalan Association of Exporters (Agexport), Francisco Menendez, pointed out that the unification opens ‘many opportunities’, and he urged exporters to venture into higher value added products.
January 2010
The Association of Guatemalan Exporters (AGEXPORT) plans to participate in 17 international events and to stage 5 fairs in the country.
In Guatemala, the association will organize the following fairs: Apparel Sourcing Show, Manufexport, New World Crafts and Expomueble.
“In 2011, they will organize Agritrade, which is staged every two years. This event is intended for agricultural products”, reported Sigloxxi.com.
March 2012
Six Nicaraguan companies traded coffee, honey, sesame seeds, and cashews with European buyers at the organic products fair Biofach 2012.
The Association of Nicaraguan Producers and Exporters (APEN) and the Export and Investment Center (CEI), reported that six Nicaraguan companies also connected with 80 potential buyers.
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