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Strengthening the Chamber`s Role with Global Business

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Presentation on theme: "Strengthening the Chamber`s Role with Global Business"— Presentation transcript:

1 Strengthening the Chamber`s Role with Global Business
Guatemala’s Experience Chamber of Commerce of Guatemala Ricardo Rodríguez Amado / Executive Director and CEO August 17, 2006

2 Economic Impact from the DR- CAFTA
In the first year of DR-CAFTA´s implementation, the agreement would generate $4.2 billion in new sales and nearly a billion dollars in new earnings for workers in 16 states. It would also create over 27,500 new jobs in its first year. 9 years after implementation would boost sales by over $21 billion in 16 states. In the same period the agreement would raise workers earnings by $4.7 billion and create more than 137,000 new jobs in 16 states.

3 Overview of sectoral Benefits
The CAFTA-DR will provide new market access for U.S. Products. 80% of U.S. exports of consumer and industrial Products will be duty-free immediatly Key U.S. Exports with immediate duty-free Access: Information Technology, Agricultural and Construction Equipment, Paper Products, Chemicals and Medical and Scientific Equipment. 99% of Medical equipment. 92% of capital goods: food processing, storage and packaging equipment, agricultural machinery and heating and cooling equipment.

4 U.S. Exporters will benefit from the CAFTA-DR Duty - Free
91% of U.S. fertilizers and agrochemicals exports 99% of U.S. construction equipment and over 55% of building supplies (Tractors, road building/paving equipment, items required for heavy infrastructure, and residential housing) All U.S. Information Technology (circuit switching equipment, computers and peripherals, cables, routers and cellular services equipment, radio trunking equiment)

5 U.S. Exporters will benefit from the CAFTA-DR Duty - Free
U.S. Enviromental Technology 96% of U.S. Exports of energy product (electrical power generation and distribution equipment, including transmission and distribution-related equipment, meters, regulators, boxes, switchers, converters,etc.) Automotive parts, accessories and service equipment Agriculture Products: Beef industry (Prime and Choice cuts), Bacon and some offal products, Vegetables, 70% of U.S. fruit and nuts, wheat and barley, soybeans, peanut, processed products

6 Businessmens´Support Services
Commercial Information: Imports/ Exports, Commercial Agreements, National Laws, Business Directories, Economy, Advice on legal aspects for foreign and local trade. Market Research: Market Profiles, Local Company Information, Business Opportunities, Import guide, Export manual Trade Promotion: Participation in trade fairs, Trade Missions (inbound/outbound), Buyers-Sellers´Meetings. Chamber Trust Seal

7 Trade U.S. Missions to Guatemala 2005 -2006
May Entreprise Florida May Enterprise Florida May Mobile Chamber of Commerce and Birghimam September WTC of Philadelphia November Entreprise Florida


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