Business in Guatemala. Guatemalan Economy

1. Introduction to the Republic of Guatemala (Central America)
2. Doing Business in Guatemala City
3. Guatemalan Economy
4. International Trade of Guatemala
5. 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. Transport and Logistics
9. Business Plan for Guatemala

International Trade and Business in Guatemala:

The educational aims of the Subject “Foreign Trade, Logistics and Business in Guatemala” are:

1. To analyze the Guatemalan Economy, Logistics and Global Trade
2. To conduct research on business opportunities in Guatemala
3. To explore the Guatemalan trade relations with the student's country
4. To learn about Guatemalan Trade Agreements
5. To develop a business plan for the Guatemalan Market

The Subject “Foreign Trade, Logistics and Business in Guatemala” is included within the curriculum of the following academic programs at EENI Global Business School:

Masters: International Business, Foreign Trade.

Doctorate: World Trade.

Languages: or Guatemala Guatemala Guatemala.

1. Subject Credits “Doing Business in Guatemala”: 2

Guatemalan Trade Agreements and Market Access.

1. Guatemala and the Hispanic American Economic Area
2. Central American Integration System
   1. Central American Common Market - Integrated with SICA -
3. Association of Caribbean States
4. Latin American and Caribbean Economic System
5. Mesoamerica Project
6. Guatemalan trade agreements with EFTA, Mexico, Colombia, Panama, Chile, and the European Union
7. Dominican Republic-Central America-U.S. Agreement
8. Dominican Republic-Central America
9. Guatemala-Taiwan Agreement
10. UK-Central America Free Trade and Economic Integration Agreement
11. Panama-Guatemala Agreement
12. Mexico-Central America
13. ALADI (observer)

1. World Trade Organization (WTO)
   1. Agreement on Trade in Services (GATS)
   2. Agreement on Sanitary Measures
   3. Agreement on Technical Barriers to Trade
   4. Agreement on Preshipment Inspection
   5. Agreement on Safeguards
   6. Trade Facilitation Agreement
2. World Customs Organization (WCO)
   1. Kyoto Convention

1. Inter-American Development Bank
2. Organization of American States (OAS)
3. Economic Commission for Latin America (ECLAC)
4. East Asia-Latin America Cooperation
5. Community of Latin American and Caribbean States (CELAC)

1. United Nations
2. World Bank
3. World Trade Organization (WTO)
4. International Monetary Fund

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 km²
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 Western Civilization - Hispanic American Economic Area.

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. 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
4. Guatemalan currency: Quetzal

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 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 Hispanic America)
8. Main international partners of Guatemala are the Central American Countries, the United States, Mexico, the Caribbean, the South American region, and the European Union
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 enterprises in Guatemala
11. Technical Barriers to Trade 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 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