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The economy relies on foreign exchange generated by international trade, remittances, and the tourism sector.
In November, two category four hurricanes made landfall in Central America. Both reached Guatemala as tropical depressions and had a severe impact on agricultural production.
Coffee production for Marketing Year (MY) 2020 (Oct. 2019-Sept. 2020) is forecast at 3.39 million 60- kilogram bags.
On April 26, 2019, Guatemalan Customs began implementation of a policy change allowing for multiple corrections to CAFTA-DR Certificates of Origin (COO).
Guatemala is one of the major food processing countries in Central America. U.S. suppliers have an opportunity to export bulk commodities and raw materials for further processing in Guatemala’s food p