Concern about the Future of the Relationship with USA
Wednesday, July 24, 2019
Guatemala's business sector responded with concern to President Trump's warning about imposing export tariffs and levies on remittances and transfers.
The announcement made by the president of the United States comes after the Guatemalan Constitutional Court issued a ruling in which it limits its foreign policy functions to the Executive, by granting a provisional injunction that prevents the negotiation or signing of any agreement.

The appeal, which was presented by a group of former foreign ministers, a former presidential candidate and the Human Rights Ombudsman, seeks to prevent President Jimmy Morales from signing an agreement with the U.S. government to make Guatemala a Safe Third Country for immigrants seeking asylum from the U.S. government.

You may be interested in "NAFTA Review and Immigration Crisis

Juan Carlos Tefel, president of the Committee of Agricultural, Commercial, Industrial, and Financial Associations (Cacif), explained to Prensalibre.com that "... there is concern about President Trump's statements and warnings. (It's about) 35% of the country's exports, for more than US$4 billion and for remittances of US$9 billion and more than one million people would be affected by employment if they put these tariffs on Guatemalan products'."

Alejandro Ceballos, president of the Apparel and Textile Commission (Vestex), attached to the Guatemalan Association of Exporters (Agexport), stated that "... Guatemala depends on the U.S. economy and classified it as a 'strategic error' in terms of trade and market, if the tariff is implemented. In any case, if it is complied with, it would be 'fatal' for the national production, because of the dependence on commercial exchange as well as in sending transfers. This would kill the economy and provoke more migration. For the businessmen, it would put an end to business."

The outlook for the region has changed, since days ago CentralAmericaData reported that in the revision of the FTA the authorities of Central America and the U.S. ruled out that the U.S. government had plans to apply trade sanctions against Central American countries in retaliation for the deepening of the immigration problem.

Source: prensalibre.com
DO YOU NEED MORE INFORMATION ABOUT YOUR BUSINESS SECTOR?
Request more information:
Name*
Last Name*
Email:*
Telephone (choose your Country):*


Company:*
Title:*
Size of the Company:*
Industry:*
Yes, I want to receive a call from a salesperson*
Comments:*
this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423
Source: prensalibre.com
More on this topic
More Confidence to Invest = Less Migration
June 2021
Following the visit of US Vice President Kamala Harris to Guatemala, the business sector assures that in order to reduce illegal migration from Central America to the US, it is necessary to create a favorable and comfortable environment for local and foreign investment in the countries of the region.
As part of Harris' visit to Guatemala, Agexport prepared a document with proposals that reflect the experience it has accumulated over many years, incorporating Guatemalans and small rural businesses into export chains, generating income that allows them to remain in their territories.
Uncertainty Increases over Relationship with the U.S.
July 2019
Guatemalan exporters report that President Trump's warning about export tariffs and taxes on remittances and transfers is raising doubts among U.S. buyers.
Uncertainty prevails among most Guatemalan businessmen after President Trump reacted to the provisional protection established by the Guatemalan Constitutional Court, which limits the functions of the Executive Branch to negotiate or sign any foreign policy agreement.
NAFTA Review and Immigration Crisis
July 2019
In the NAFTA review carried out by the Central American and U.S. authorities, it is ruled out that the U.S. government will apply trade sanctions in retaliation for the deepening of the migration problem.
After the Trump administration pressured Mexico with the threat of increased tariffs on Mexican imports, the region has generated expectations for the planned review of the NAFTA with Central America.
Asian Textiles Tariff-Free in U.S.
July 2009
A group of Democratic senators proposed a law to eliminate tariffs on textile products from 14 Asian countries.
Textile imports from those countries currently pay up to 28% when entering the United States.
Key entities
Costume and Textiles Guatemalan Commission (Vestex) Associations Coordinating Committee for Agricultural, Commercial, Industrial and FinancialJuan Carlos Tefel Alejandro Ceballos
Countries
Guatemala United States of América
Insight
International Commerce
RELACIONADO
exports
International Commerce
Alejandro Ceballos
Costume and Textiles Guatemalan Commission (Vestex)
Exports & imports
Daily Update Government PurchasesDownload brochure (only in spanish)Trade Inteligence Subscriber Access NewsletterContact Us MarketDataMexico Español
2008-2021 © CentralAmericaData.com
Trade InteligenceWho we areContact Us