Guatemala aims to promote the free establishment of businesses in the country. Customs barriers have been reduced or eliminated and the present government is committed to instituting transparency and legal certainty, understanding that such are a priority in attracting investments.
The work and commitment of the government to reform the economy acknowledge the importance of becoming a nation of free trade, and trade agreements have thus been reached with the following countries:
- Central America
- The United States of America
- The Dominican Republic
Guatemala also has partial agreements with: Belize, Cuba and Venezuela.
These trade agreements constitute a tool for the countrys development and are fundamental for the promotion of direct foreign investments. Moreover, they enable the promotion of greater and better opportunities for local consumers and provide broader access to Guatemalan products in the international markets. It is also worthwhile mentioning that Guatemala is presently in the process of negotiating free trade agreements with the European Union, and Canada.
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