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Doing Business in Guatemala

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Syllabus of the Subject: Foreign Trade and Business in the Republic of Guatemala.

  1. Introduction to the Republic of Guatemala (Central America);
  2. Doing Business in Guatemala City;
  3. Guatemalan Economy;
  4. International Trade of Guatemala;
  5. Foreign Direct Investment in Guatemala;
  6. Case Study: Business Opportunities in Guatemala
    1. Agribusiness;
    2. Forestry;
    3. Manufacture;
    4. Tourism;
    5. Call centers;
    6. Business Process Outsourcing;
    7. Energy;
    8. Mining.
  7. Access to the Guatemalan Market;
  8. Business Plan for Guatemala.

The objectives of the subject “International Trade and Business in the Republic of Guatemala” are the following:

  1. To analyze the Guatemalan Economy and Global Trade;
  2. To know the business opportunities in the Republic of Guatemala;
  3. To explore the Guatemalan trade relations with the country of the student;
  4. To know the Guatemalan Trade Agreements;
  5. To develop a business plan for the Guatemalan Market.

Global Trade and Business in Guatemala:
Foreign Trade and Business in Guatemala City (Course Master Doctorate)

Online Education (Courses, Masters, Doctorate): Trade and Business in Central America

Online Continuing education (Courses, Certificates, Diplomas

The Subject “Foreign Trade and Business in Guatemala” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:

Masters: International Business, Foreign Trade.

Masters in International Business and Foreign Trade (MIB) - Online Education

Doctorate: American Business, World Trade.

Professional Doctorate in International Business (DIB). Online Education

Learning materials in Courses, Masters, Doctorate in International Business and Foreign Trade in English or Study Master Doctorate in International Business in Spanish Guatemala Study, Course Master Doctorate in International Business in French Guatemala Masters Foreign Trade in Portuguese Guatemala.

  1. Credits of the subject “Foreign Trade and Business in Guatemala”: 2 ECTS Credits;
  2. Duration: two weeks.

International Trade and Business in Guatemala.

Guatemala is the largest market in Central America.

Market Access - Free Trade Agreements. Online Education (Courses, Masters, Doctorate)

Guatemalan Free Trade Agreements and Market Access.

  1. Guatemala and the Latin American Economic Area;
  2. Central American Integration System (SICA)
    1. Central American Common Market - Integrated with the SICA -.
  3. Association of Caribbean States (ACS);
  4. SELA;
  5. Mesoamerica Project;
  6. Guatemalan trade agreements with the European Free Trade Association, Mexico, Colombia, Panama, Chile, and the EU;
  7. Dominican Republic-Central America-United States Free Trade Agreement (CAFTA-DR);
  8. Dominican Republic-Central America (Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua) Free Trade Agreement;
  9. Guatemala-Taiwan Free Trade Agreement;
  10. UK-Central America Free Trade and Economic Integration Agreement;
  11. Panama-Guatemala Free Trade Agreement;
  12. Mexico-Central America (Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua) Free Trade Agreement;
  13. Latin American Integration Association (ALADI) (observer).

Central American Integration System (SICA), e-Course

Trade Facilitation Programs. TFA Agreement. Online Education (Courses, Masters, Doctorate)

  1. WTO
    1. Agreement on Trade in Services (GATS);
    2. Agreement on the Application of Sanitary Measures;
    3. Agreement on Technical Barriers to Trade;
    4. Agreement on Preshipment Inspection;
    5. Agreement on Safeguards;
    6. Trade Facilitation Agreement.
  2. WCO
    1. Revised Kyoto Convention.

Foreign Trade Facilitation. TFA Agreement. Customs. Payments. Global Supply Chain

Online Education (Courses, Masters, Doctorate): Latin American Economic Integration

American Trade and Economic Organizations:

  1. Inter-American Development Bank (IDB);
  2. OAS;
  3. ECLAC;
  4. East Asia-Latin America Cooperation;
  5. Community of Latin American and Caribbean States (CELAC)
    1. EU-CELAC Summit.

Online Education (Courses, Masters, Doctorate): Globalization and International Organizations

Global Organizations:

  1. UN
    1. UNCTAD;
    2. ITC;
    3. WIPO.
  2. WB;
  3. WTO;
  4. IMF.

Central American Common Market: Guatemala, El Salvador, Honduras, Nicaragua, and Costa Rica

The Republic of Guatemala.

  1. Guatemalan Capital: Guatemala City;
  2. Guatemalan population is 16 million people, 85% of Guatemalans are less than forty-five years;
  3. Borders of Guatemala: Mexico, Belize, Honduras, and El Salvador;
  4. Area of Guatemala is 108,889 square kilometers;
  5. Main language of Guatemala is Spanish;
  6. Guatemala gained the independence from Spain in 1821;
  7. Abolition of Slavery in Guatemala: 1824.

Main religion in Guatemala: Christianity.

  1. Catholicism (8 million);
  2. Protestants (5 million).

Guatemala belongs to the Western Civilization - Latin American Economic Area.

Online Education (Courses, Masters, Doctorate): Christianity and Global Business (Catholicism, Protestantism)

Guatemalan Economy.

  1. Guatemala has an excellent strategic position and has substantial preferential market access;
  2. Macroeconomics stability of Guatemala enabled a 0.6% economic growth, positioning Guatemala as one of the few countries with positive economic growth in the global financial crisis;
  3. With a gross domestic product of 38,139 million dollars, representing 33% of the total GDP of Central America;
  4. Such economic growth continues based on a Government policy to promote the development; an approach that has fostered the simultaneous endeavors of the public and private sectors, facilitating the economic boom and access to the key global markets;
  5. Guatemala serves as the axis of Mesoamerica, a region with high potential due to fifty urban centers conforming the region, twenty-five of which are situated in Central America with a population of 68 million people and an economy of 154 billion dollars;
  6. Guatemala is experiencing an strong growth in outsourcing industry and is fully exploiting its new position as a destination for call centers and business process outsourcing (BPO);
  7. Guatemalan currency: Quetzal.

Economy of Guatemala (Course Master Doctorate)

Foreign Trade (Importing, Exporting) Online Education (Courses, Masters, Doctorate)

International Trade of Guatemala.

Guatemala is becoming one of the main emerging markets within the region:

  1. Guatemala has a strategic geographical location; Guatemala is an ideal hub for largest regional and international markets;
  2. Guatemala has advantaged market access to both the Atlantic and Pacific Oceans, facilitating international trade with Asia, North America, and Europe, through the modern seaports;
  3. Total exports (FOB) of the Republic of Guatemala: 808 million dollars;
  4. Total value of the Guatemalan imports: 934 million dollars;
  5. The Tax Authority is the responsible body for managing the customs system of Guatemala;
  6. In the Republic of Guatemala, there are over thirteen operational zones, as well as industrial parks located in strategic areas in Guatemala;
  7. Guatemala is the world's fifth largest sugar exporter (the second in Latin America);
  8. The main international partners of Guatemala are the Central American Countries, the United States, Mexico, the Caribbean, the South American region, and the EU;
  9. Guatemala has several Free Trade Agreements (United States, Taiwan, Mexico, Central America) in force;
  10. One of the objectives of Guatemala is to promote the free establishment of companies in Guatemala;
  11. Technical Barriers to Trade (TBT) have been reduced;
  12. Guatemala offers an excellent option as a Foreign direct investment (FDI) destination;
  13. The legal framework does not show favoritism between foreign investment and local investments with freedom to move capitals and repatriate dividends;
  14. The Government is committed to instituting transparency and legal certainty, understanding that such are a preference in attracting the foreign direct investment;
  15. Invest in Guatemala is the Investment Promotion Agency of Guatemala, created in 1997 with support from the Government and private sector of Guatemala.

United States-Central America (Guatemala, Honduras, Costa Rica, Panama, El Salvador, Nicaragua) Free Trade Agreement (FTA)

European Union-Central America (Guatemala, Honduras, Costa Rica, Panama, El Salvador, Nicaragua) Free Trade Agreement (FTA)

European Free Trade Association (EFTA)-Central America (Guatemala, Honduras, Costa Rica, Panama, El Salvador, Nicaragua) Free Trade Agreement (FTA)

Mexico-El Salvador, Guatemala, Honduras Free Trade Agreement

Colombia-Northern Triangle Free Trade Agreement

Guatemala-Taiwan Free Trade Agreement (FTA)

Central America (Guatemala, Honduras, Costa Rica, Panama, El Salvador, Nicaragua)-Panama Free Trade Agreement (FTA)

(c) EENI Global Business School (1995-2023)
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