The Guatemalan Minister of Economy, Acisclo Valladares, announced today that a Partial Scope Agreement (PSA) signed with Cuba could be implemented in the course of 2019.
At the end of October 2018, Valladares and the Minister of Foreign Trade and Foreign Investment of the Island, Rodrigo Malmierca, signed in Havana a Second Additional Protocol to the PSA in force since 1999.
The text aims to strengthen mutual trade relations and it contemplates tariff preferences for 28 products from this Central American country and 33 from Cuba.
Malmierca then expressed his satisfaction at reaching these agreements in the presence of Guatemalan Vice President Jafeth Cabrera, who headed the delegation of national businessmen to the 36th edition of the Havana International Fair, Cuba’s largest trade exchange.
Valladares explained Monday that they received Cuban certifiers as part of the process to start exporting chicken, spices, peanuts and nuts to the Caribbean country.
The official assured that a Free Trade Agreement (FTA) closed with Peru will also enter into force, a country that received in 2018 Guatemalan products for 52.77 million dollars and there was only one disagreement left on an issue related to sugar to be resolved.
The Minister of Economy also referred to the possible resumption in the second quarter of the year of talks for a FTA with South Korea.
He also pointed out that Japan negotiates better prices for coffee, the main item of interest due to its high quality.
(Taken from PL in Spanish)