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.
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:
Electronic manufacturing services
Business Services Outsourcing+ Software Development
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.
Food preparation and animal feed, as well as sauces and condiments
Plastics and rubber
Plastic articles for packaging.
Men’s shirts, blouses, women’s suits (knitted), T-shirts, women’s suits (non-knitted), men’s suits (non-knitted).
Strengthening of human capital competencies
Create modularized training programs for each sector's specific competencies.
Increase the Finishing School program's capacity to meet the needs of the prioritized sectors.
Improve middle school students' English proficiency to strengthen the pipeline of students in the Finishing School program.
Business Climate Improvement
Digitalization and automation of procedures.
Socialize international export standards and regulations.
Reduce customs clearance times in import and export processes.
Sign non-dual taxation treaties with priority markets for priority industries.
Define regional minimum wages.
Extending the sectors covered by the free trade zone regime
Identify areas with competitive infrastructure to promote the development of the sectors.
Sustainable Development Goals (SDGs)