"Luis Godoy, executive director of the Guatemalan Exporters Association, attributed the reduction to the U.S. recession, a drop in remittances, and fewer construction projects in the region", reports Prensalibre.com. "Another negative factor was the Honduran political crisis".
$900 million have been traded within Central America in the first half of this year, $261 million less than the same period of 2008.
The most affected sectors are construction, raw materials (chemical products), and industry (glass, plastics and metals), reported Luis Godoy, director of Agexport, the Guatemalan exporters association.
Trade between Central American countries decreased 17% in the first third of 2009, when compared to the same period of 2008.
According to data from the Central American Economic Integration Secretary, exports between the countries of the region reached $1.74 billion, $356 million less than the first third of 2008 ($2.1 billion).
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The Guatemalan Exporters Association is a private non-profit entity, established in 1982; that represents, promotes and develops non traditional exports of Guatemalan companies.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Guatemala
Phone: (502) 2422-3400