Syllabus of the Subject: Foreign Trade and Business in the Republic of Guatemala.
Introduction to the Republic of Guatemala (Central America);
Doing Business in Guatemala City;
Guatemalan Economy;
International Trade of Guatemala;
Foreign Direct Investment in Guatemala;
Case Study: Business Opportunities in Guatemala
Agribusiness;
Forestry;
Manufacture;
Tourism;
Call centers;
Business Process Outsourcing;
Energy;
Mining.
Access to the Guatemalan Market;
Business Plan for Guatemala.
The objectives of the subject “International Trade and Business in the Republic of Guatemala” are the following:
To analyze the Guatemalan Economy and Global Trade;
To know the business opportunities in the Republic of Guatemala;
To explore the Guatemalan trade relations with the country of the student;
To know the Guatemalan Trade Agreements;
To develop a business plan for the Guatemalan Market.
Global Trade and Business in Guatemala:
The Subject “Foreign Trade and Business in Guatemala” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:
Guatemala belongs to the Western Civilization - Latin American Economic Area.
Guatemalan Economy.
Guatemala has an excellent strategic position and has substantial preferential market access;
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;
With a gross domestic product of 38,139 million dollars, representing 33% of the total GDP of Central America;
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;
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;
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);
Guatemalan currency: Quetzal.
International Trade of Guatemala.
Guatemala is becoming one of the main emerging markets within the region:
Guatemala has a strategic geographical location; Guatemala is an ideal hub for largest regional and international markets;
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;
Total exports (FOB) of the Republic of Guatemala: 808 million dollars;
Total value of the Guatemalan imports: 934 million dollars;
The Tax Authority is the responsible body for
managing the customs system of Guatemala;
In the Republic of Guatemala, there are over thirteen operational zones, as well as industrial parks located in strategic areas in Guatemala;
Guatemala is the world's fifth largest sugar exporter (the second in Latin America);
The main international partners of Guatemala are the Central American
Countries, the United States, Mexico, the Caribbean, the South American region, and the EU;
Guatemala has several Free Trade Agreements (United States, Taiwan, Mexico, Central America)
in force;
One of the objectives of Guatemala is to promote the free establishment of companies in Guatemala;
Guatemala offers an excellent option as a Foreign direct investment (FDI) destination;
The legal framework does not show
favoritism between foreign investment and local investments with freedom to move capitals and repatriate dividends;
The Government is committed to instituting transparency and legal certainty, understanding that such are a preference in attracting the foreign direct investment;
Invest in Guatemala is the Investment Promotion Agency of Guatemala, created in 1997 with support from the Government and private sector of Guatemala.
(c) EENI Global Business School (1995-2023)
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