Maquila Heads to Haiti from Guatemala

The country's Economy Minister, Luis Velázquez, announced the closure of the plant saying that the company will be opening a new factory in Haiti where it will look to hire 20,000 people.

"Rubén Darío Narciso, analyst from the Guatemala's Association for Research and Social Studies (ASIES in Spanish), commented that closures are serious blows to the country's economy since they are a major source of investment and employment," reports Prensalibre.com.

The analyst believes that the country should invest in security, infrastructure and education so that country can be more competitive.

Source: prensalibre.com

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