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The Guatemalan economy relies on foreign exchange generated by international trade, remittances, and the tourism sector. Guatemala represents a growing market for U.S. companies and is a country with relative economic stability.
Guatemalan sugar production for Marketing Year (MY) 2018 is forecast at 2.90 million metric tons (MMT).
On Friday, March 31, 2017, the Guatemalan Ministry of Economy and the United States Trade Representative’s Office signed an agreement to eliminate the tariff on U.S. chicken leg quarters.