In a bid to grow the economy, the Guatemalan government aims to increase trade and boost entrepreneurship, productivity, and competitiveness. For example, in June, Guatemala’s Chamber of Industry and the economy ministry launched the program “Impulsa tu potencial exportador,” or “Propel Your Exporting Potential.” The program allots government funds for micro, small, and medium companies, encouraging them to export. Another initiative aimed at entrepreneurs will channel $450,000 to guide, mentor, and create networking opportunities for those who want to start their own business. The government also aims to strengthen bilateral trade with Mexico by seeking to homogenize health and safety standards for food products.
AS/COA Online takes a look at the country’s economic profile over the last decade ahead of the organization’s August 14 Guatemala City conference.