For 2020, AGEXPORT developed a series of actions to increase the number of export markets for Guatemalan goods and services. Among these actions, on January 21st, it revealed its yearly “Best Markets, Products and Services” study, detailing key markets with potential for Guatemalan goods and services.
We are forecasting sustainable growth for our exporting firms as we will seek to increase the demand for our products and services in Asian markets. We will also focus on increasing exports of garments and textiles to Central America and experience an important recovery of our exports to the UK as the uncertainty of BREXIT is now over. We also expect the signature of a first trade deal between the US and China to play in favor of Guatemala; said Mr. Amador Carballido, AGEXPORT’s CEO.
Challenges for 2020:
Development of projects to expand and diversify Guatemalan exports of non-traditional agriculture products, developing a legal framework to apply International Labor Organization’s Convention 175 on part-time labor, projects to attract higher levels of foreign investments, negotiating and approving pending free-trade agreements with Canada and South Korea, a plan to modernize the country’s port infrastructure, among others.
Guatemalan exporters wish to increase their presence in Asian markets and improve the competitiveness of their local communities, which is expected to happen with different policies from the new government authorities and the National Congress, said Mr. Carballido.
