Guatemala Moving Forward Plan
The Guatemala Moving Forward Plan is a public-private partnership that aims to enhance Guatemala’s economic development.
It focuses on strengthening the country’s investment climate through complementary and coordinated actions in order to become a regional key player in the midst of the nearshoring trend.
WHICH INSTITUTIONS ARE INVOLVED?
As of 2021, various entities have joined the Guatemala Moving Forward Plan through inter-institutional agreements that gave life to this public-private effort to catalyze economic development and thus job creation.
Leapfrogging towards more sophisticated sectors
as a medium-term strategy.
Given the impact of the COVID-19 pandemic, and the companies’ requirements, Guatemala is the ideal location for securing supply chains, including high-value-added sectors such as:
Pharmaceuticals
Medical devices
Electronic manufacturing services
EMS
Business Services Outsourcing+ Software Development
SHORT-TERM STRATEGY:
DOING MORE OF WHAT WE HAVE EXCELLED AT
Twenty products manufactured in Guatemala were identified,
with a high potential to increase exports.
Agriculture, forestry and fishing
Crustaceans, frozen fish, vegetables and legumes, bananas, fresh fruits, dates, figs, pineapples, avocados and coffee.
Principales mercados
Food products
Food preparation and animal feed, as well as sauces and condiments
Principales mercados
Chemicals
Cleaning products.
Principales mercados
Plastics and rubber
Plastic articles for packaging.
Principales mercados
Clothing
Men’s shirts, blouses, women’s suits (knitted), T-shirts, women’s suits (non-knitted), men’s suits (non-knitted).
Principales mercados
Pod. NON-metallic
Ceramic scrubbers.
Principales mercados
Electrical equipment
Refrigerators.
Principales mercados
Objectives
Strengthening of human capital competencies
Programs Development
Create modularized training programs for each sector's specific competencies.
Scaling capacity
Increase the Finishing School program's capacity to meet the needs of the prioritized sectors.
Improve the level
Improve middle school students' English proficiency to strengthen the pipeline of students in the Finishing School program.
Business Climate Improvement
E-Government
Digitalization and automation of procedures.
Socialize standards
Socialize international export standards and regulations.
Reduce times
Reduce customs clearance times in import and export processes.
Non-double taxation agreements
Sign non-dual taxation treaties with priority markets for priority industries.
Define salaries
Define regional minimum wages.
Expand the stakeholders
Extending the sectors covered by the free trade zone regime
Strengthening Infrastructure
Promote special regimes zones
Identify areas with competitive infrastructure to promote the development of the sectors.
Sustainable Development Goals (SDGs)
has been established
The competent entity, the Guatemalan Institute of Capacity and Productivity (INTECAP), will carry out the trainings.
• Reducir el proceso concursal hasta en un 80%
• Acelerar la tasa de recuperación de los créditos
• Permitir la reorganización de las empresas
• Mejorar el acceso a créditos
El enlace virtual de Guatemala hacia el mundo.
More information about the outcomes of this strategic alliance can be found here.
More information