Guatemala Business
• Main imports: Fuel, machinery and transport equipment, mineral products, chemical products and plastic materials.
• Main exports: Coffee, sugar, crude oil, clothing, fruit and vegetables.
• Main trade partners: USA, El Salvador, Honduras and the EU.
Economy
Light manufacturing and food processing, principally aimed at the domestic, US and Central American markets, also play an important role in the economy. Additionally, the government has identified tourism as a major growth sector.
Guatemala's main trading partner is the USA. The two countries ratified the US-Central American Free Trade Agreement (CAFTA) in 2005. The agreement came into force in July 2006.
Economic growth has been steady in the past few years, with annual growth reaching 3.1% in 2005, although inflation that year rose to 9.1%. The unemployment rate was estimated as 3.2% in 2005.
Business Etiquette
Office hours: Mon-Fri 0800-1800, Sat 0800-1200.
Conferences & Conventions
Business Contacts
10A Calle 3-80, Zona 1, Guatemala City, Guatemala
Tel: 2253 5353.
Website: www.negociosenguatemala.com
Cámara de Industria (Chamber of Industry)
Ruta 6, 9-21, Zona 4, Edificio Cámara de Industria, 01004 Guatemala City, Guatemala
Tel: 2331 9191.
Website: www.industriaguate.com
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