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Guatemala To Join Korea-Central America FTA

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Instituto Hondureño de Turismo
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Guatemala will join a free trade agreement (FTA) between Korea and a group of Central American nations, Seoul’s trade ministry said Tuesday.

Korea and five Central American nations ― Costa Rica, El Salvador, Panama, Honduras and Nicaragua ― fully implemented their FTA in March 2021, and they reached a deal with Guatemala for its joining of the pact following two years of negotiations, according to the Ministry of Trade, Industry and Energy.

Seoul’s Trade Minister Ahn Duk-geun declared the conclusion during a video conference with his Guatemala’s economic minister, Luz Perez Contreras, on Tuesday, and agreed to speed up follow-up procedures for its official signing.

Guatemala was initially among dialogue partners for the FTA, but it had stepped out during negotiations amid differences on tariff and country of origin related rules.

“Guatemala’s envisioned participation is expected to further develop the Korea-Central America FTA as a key platform for our firms’ advance into the market,” Ahn said.

Trade between Korea and Guatemala has risen recently from $237 million in 2018 to $323 million last year, according to government data. (Yonhap)

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Cervecería Centroamericana S.A.
AVA Resorts
Los Portales
Agexport
Nestle
MAD-HAV Enjoy Travel Group
Realidad Turística
Barceló Solymar
Instituto Hondureño de Turismo
Grupo Hotelero Islazul
Irtra
Servicios Médicos Cubanos
blackanddecker
Tigo
Cubasol
Intecap
Walmart
INOR
Centro Nacional de Cirugía de Mínimo Acceso de Cuba