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)

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