Business in Guatemala

EENI- School of International Business

Subject: Doing Business in the Republic of Guatemala. Syllabus:

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

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

  1. To analyse the Guatemalan economy and foreign trade
  2. To evaluate the business opportunities in the Republic of Guatemala
  3. To explore Guatemala's trade relations with the country of the student
  4. To know Guatemala's Free Trade Agreements (FTAs)
  5. To develop a business plan for the Guatemalan Market
The subject “Doing Business in Guatemala” is studied...
  1. Masters: International Business, America, and Pacific
  2. Doctorate in Business in America
  3. Course: Central America (e-learning)

Course learning materials in English or Spanish Guatemala French Guatemala

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

Sample of the subject - Doing Business in Guatemala:
Guatemala City Business

Description of the Subject: Foreign Trade and Business in Guatemala.

The Republic of Guatemala.

  1. Capital: Guatemala City
  2. The Guatemala's population is 16 millions of 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 kilometres
  5. Guatemala has an excellent strategic position and has substantial preferential market access
  6. The main religion in Guatemala. Christianity: Catholicism (8 million) and Protestants (5 million)
  7. Guatemala belongs to the Christian Civilisation - Latin American area
  8. Guatemala gained independence from Spain in 1821
  9. The main language of Guatemala is Spanish
  10. Abolition of the slavery in Guatemala: 1824

The Guatemalan Economy.

Guatemala is the largest market in Central America.

Economy of Guatemala

  1. The macroeconomic 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
  2. With a gross domestic product of 38,139 million dollars, representing the 33% of the total GDP of Central America
  3. Such economic growth continues based on a Government policy to promote development; an approach that has fostered the simultaneous endeavours of the public and private sectors, facilitating the economic boom and access to key Global Markets
  4. Guatemala serves as the axis of Mesoamerica, a region with high potential due to fifty urban centres conforming the region, twenty-five of which are situated in Central America with a population of 68 millions of people and an economy of 154 billion dollars
  5. The Guatemalan currency: Quetzal
  6. Guatemala is experiencing strong growth in the outsourcing industry and is fully exploiting its new position as a destination for call centres and business process outsourcing (BPO)

The Foreign Trade of Guatemala/FDI.

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

  1. The geographical location of Guatemala is strategic; Guatemala is an ideal hub for the largest regional and international markets
  2. Guatemala has advantaged market access to both the Atlantic and the Pacific Oceans, facilitating the international trade with Asia, North America, and Europe, through modern seaports
  3. The total exports (FOB) of the Republic of Guatemala: 808 million dollars
  4. The 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 exporter of sugar (the second in Latin America)
  8. The main international partners of Guatemala are the Central American Markets, the United States, Mexico, the Caribbean, the South American region, and the European Union (EU)
  9. Guatemala has several Free Trade Agreements (the United States, Taiwan, Mexico, and Central America) in force
  10. One of the objectives of Guatemala is to promote the free establishment of companies in Guatemala
  11. Customs barriers have been reduced
  12. Guatemala offers an excellent option as a foreign direct investment destination
  13. The legal framework that does not show favouritism between foreign investment and local investments with freedom to move the capital and to repatriate dividends
  14. The Government is committed to instituting transparency and legal certainty, understanding that such are a preference in attracting foreign direct investment (FDI)
  15. Invest in Guatemala is the Investment Promotion Agency of Guatemala, created in 1997 with support from the Government and the private sector of Guatemala

Central American Integration System (SICA)

Guatemala's Free Trade Agreements (FTA) and Market Access

  1. Central American Integration System (SICA)
  2. Central American Common Market - Integrated with the SICA -
  3. Guatemala's agreements with the European Free Trade Association, Taiwan, Mexico, Colombia, the United States-Dominican Republic (CAFTA-DR), Panama, Chile, and the European Union
  4. Association of the Caribbean States (ACS)
  5. Mesoamerica Project
United States-Central America Free Trade Agreement

Samples - Business in Guatemala

EFTA-Central America Free Trade Agreement

European Union-Central America Free Trade Agreement

Central American Common Market

Guatemala Foreign Trade

Mexico-El Salvador, Guatemala, Honduras Free Trade Agreement

Colombia-Northern Triangle Free Trade Agreement

Guatemala-Taiwan Agreement

Mesoamerica trade

Central America-Panama Free Trade Agreement

Association of the Caribbean States (ACS)



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