Home /
Services
/
Trade & Investment

«We are your strategic ally for doing business with the United States»

Our goal is to promote and encourage the increase of bilateral trade relations in the DR-CAFTA region (United States, Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica and Dominican Republic) through international trade and attracting foreign investment to the country, with the appropriate technical advice and focused on exports, imports and internationalization of companies.

Services

Management of business appointments with potential customers/suppliers nationally or abroad. The purpose of this service is to help entrepreneurs to do business with national and foreign companies to buy/sell products/services that are relevant to the development and expansion of their company. Since AMCHAM is one of the leading entities in Guatemala, it acts as a business facilitator, handing over the benefit to the entrepreneur.

Why the United States?

The United States is Guatemala’s first trading partner with an approximate 30% share of total exports and around 40% of imports. There are great opportunities that can be taken advantage of when entering the U.S. market and that is why AmCham encourages the internationalization of companies and product diversification.

Exports

Imports

DR-CAFTA

The DR-CAFTA (Dominican Republic-Central America Free Trade Agreement) is a bilateral agreement that seeks the creation of a free trade zone between the signatory countries. The Treaty entered into force on July 1, 2016 and represents a great trade opportunity for Guatemala, fulfilling the following objectives:
  • Encourage the expansion and diversification of trade in the region;
  • Remove barriers to trade and facilitate the cross-border movement of goods and services;
  • Promote conditions of fair competition in the free trade zone;
  • Increase investment opportunities and enforce intellectual property rights.

BACKGROUND:

DR-CAFTA: Was negotiated between January 2003 and January 2004 (CAFTA), to which the Dominican Republic joined in July 2004 adapting, at that time, to the acronym DR-CAFTA.

WHAT DOES DR-CAFTA MEAN?

Dominican Republic-Central America Free Trade Agreement. For its Spanish acronym: TLC= Tratado de Libre Comercio entre República Dominicana, Centroamérica y Estados Unidos.

WHAT IS DR-CAFTA?

DR-CAFTA is the first free trade agreement between the United States and a group of smaller, developing economies. This agreement creates new economic opportunities by removing customs duty, opening markets, reducing barriers to trade in services, promoting transparency and establishing leading edge rules for 21st century trade by facilitating trade and investment between the parties and increasing regional integration.

WHICH COUNTRIES ARE PART OF THE DR-CAFTA?

  • Guatemala
  • El Salvador
  • Nicaragua
  • Honduras
  • Costa Rica
  • Dominican Republic
  • United States

WHEN WAS IT SIGNED?

August 5, 2004 in Washington DC, United States.

ENTRY INTO FORCE OF THE TREATY:

The treaty provides, in the final provisions, that the entry into force would be on January 1st, 2005, once the United States and one or more signatory parties have notified the Depositary, in writing, that the applicable legal procedures have been completed. Otherwise it will become effective once the United States and at least one or more signatory parties give notice on the date they subsequently agree. This was the case for the current treaty, between the United States and El Salvador.
  • United States and El Salvador, March 1, 2006
  • Honduras and Nicaragua, April 1, 2006
  • Guatemala, July 1, 2006
  • Dominican Republic, March 1, 2007
  • Costa Rica, January 1, 2009

For more information on how we can support you in doing business with the United States and the region, please contact: Carolina Barrientos Phone: 2417-0805 cbarrientos@amchamguatemala.com

Follow us

3DS Security

Customer Support

Address | Europlaza Business Center 5ta. Avenida 5-55 Torre 1
Nivel 5 Oficina 502, Guatemala 01014

Telephone | (+502) 2417-0800

Email | info@amchamguatemala.com

© Copyright 2019. All rights reserved.