Guatemala and Harnessing the Europe Agreement

The elimination of tariffs on agricultural products and flexible rules of origin for products such as tuna, textiles and plastics are part of the changes incorporated in the Agreement.

Thursday, January 9, 2014

The Minister of Economy, Sergio de la Torre said that in the next few years Guatemala's exports to Europe could be doubled, as has happened with the other trade agreements that the Central American nation has signed.

The Deputy Minister of Foreign Trade, Maria Luisa Flores, told Revistaindustria.com that some of the opportunities provided by the Association Agreement with the European Union include:

- Better access to the European market as the EU released 91% of tariff lines for exports, while Central America will do the same for 48% of the lines and complete the liberalization schedule in 10 years.



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More on this topic

Guatemala Could Enter AA with EU in November

September 2013

The country has fulfilled the last requirement which was pending, the registration of geographical indications, meaning that the Association Agreement could come into force in November.

The Ministry of Economy will notify on September 30 that it has complied with the ratification of the Association Agreement with the European Union and with the 60-day period required for amendments to the Law on Industrial Property related to geographical indications.

Guatemala: EU Agreement Will Be Effective starting December 1st

November 2013

The Council of the European Union has approved Guatemala's application to the trade pillar of the Association Agreement with Central America.

From a press release by the Government of Panama:

The Council of the European Union met today at its headquarters in Brussels, Belgium, and confirmed the implementation of the Trade pillar of the Association Agreement between this institution and Guatemala starting December 1st.

Guatemala Concedes Its EU Sugar Quota

September 2013

Nicaragua and Honduras are allowed to sell 65,000 more metric tons duty-free to the European Union.

The country has given approval for both Nicaragua and Honduras to receive this benefit temporarily, until the trade agreement becomes effective for Guatemala. "The Council of Ministers of Economy and Trade for Central America (Comieco) gave authorization this weekend for each country in the region to be able to make available its quotas at will" reported Nicaraguahoy.info.

Extension to be Requested from European Union

June 2013

Guatemala is to ask the European Union for a postponement of the entry into force of the Association Agreement with the block.

According to Maria Luisa Flores, Deputy Minister of Foreign Trade, the Guatemalan Congress has not yet approved the industrial property law which certifies the 114 geographical indications required for the AA.

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