In Guatemala it is estimated that the return to power of the Partido Revolucionario Institucional (PRI), which has a more protectionist philosophy than the current government, will not generate any changes in trade between the two countries.
While at present Mexico is ruled by a political party with liberal tendencies and one conducive to the country's openness to international trade, the next one, emerging from the recent elections, has traditionally had a more protectionist stance.
This could mean significant implications for a country where many businesses depend on trade with the Aztec nation, in the event that the new government changes the orientation of its foreign trade policy.
An article in Siglo21.com.gt comments that "Guatemalan businesses ... say there wont be any no changes because there is a commercial instrument which governs trade relations between the two countries."
"The president of the Chamber of Commerce and Business Services (Cecoms), Guillermo Gonzalez, believes that the PRI has a system that is already well known, therefore " the new government will honor the trade agreements signed by President Felipe Calderon "and also "... we hope that trends in global open markets will influence the new government. "
The current $550 million from the annual sales of Guatemalan products and services to Mexico could double with the entry into operation of the unified FTA between that country and the Central Americans.
Guatemalans are hoping that exports to the Aztec nation will double with the entry into force of the agreement which unifies the Mexican FTA's that were held separately with Costa Rica, Nicaragua and the CA-3.
On March 24, the Guatemalan Exporters Association will give a presentation on business opportunities in Chile.
From a statement issued by the Guatemalan Exporters Association (Agexport) reads:
The Department of Business Information and Market Intelligence AGEXPORT, INFOEXPORT in partnership with the institution of the Ministry of Foreign Affairs of Chile, PROCHILE, is to hold on March 24, 2014, a presentation on the opportunities for exports and imports in Chile and on the evolution of trade relations between the two countries since the entry into force of the FTA.
Starting from July 1 the trade agreement with Mexico, a country with which trade reaches $10 billion per year, came into effect.
The agreement "strengthens the recognition of an extended economic zone where Central America can put more products under a single origin and continue complementing each other in the production of goods and services for export to Mexico," said Anabel Gonzalez, Costa Rican Foreign Trade Minister.
In late 2012, one year after the signing of the new trade agreement, trade between Mexico and the region totaled $9.3 billion.
This information was released by the Mexican ambassador in San Salvador, Raul Lopez Lira. "On September 1 the Central American countries will celebrate the first anniversary of the unified treaty between Mexico and the region with a significant increase in trade ...", reported Laprensa.com.ni article.
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