As Guatemala has now approved its participation in the free trade agreement between Mexico and the other Central American countries – Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua – the agreement entered into effect on September 1, 2013.
The Central American nation of Guatemala has not exported sugar to Peru since June of last year due to an increase of tariffs implemented by the Andean country over the past year, El Comercio reported.
Peru and Guatemala will sign a Free Trade Agreement (FTA) on Tuesday, December 6 in a ceremony which will count with the participation of Minister of Foreign Trade and Tourism Jose Luis Silva.
Guatemala is confident it will defeat a US challenge to its record on labor rights, the country's economy minister said on Wednesday, and he linked the challenge to White House efforts to win domestic support for several free trade deals.
The United States said on Tuesday it was requesting a dispute settlement panel to hear its year-old complaint that Guatemala has failed to protect workers' rights as required under CAFTA. Guatemala could potentially face millions of dollars in fines if the panel finds it has violated the agreement.
The United States said on Tuesday it was requesting a dispute settlement panel to hear its year-old complaint that Guatemala has failed to protect workers' rights as required under a free-trade agreement.
The Obama administration announced yesterday that because Guatemala has not taken sufficient steps to effectively enforce its labor laws, as required under the Dominican Republic-Central American Free Trade Agreement (DR-CAFTA), it is requesting a meeting of the Free Trade Commission.
US Trade Representative Ron Kirk asked an international commission to investigate Guatemala’s alleged failure to enforce worker protections, the first labor case brought by the US against a trade-accord partner.