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Guatemala Boosts Trade and Investment with International Partners

GUATEMALA CITY, Guatemala - As a member of the World Trade Organization (WTO) since July 1995, Guatemala has been actively participating in international trade agreements, strengthening its economic ties with over 40 trade partners, including the United Kingdom.

Strengthening Economic Ties

According to the Guatemalan government, the country has signed more than 12 trade and commercial agreements, providing preferential access to its largest trading partners, which include:

  • The United States
  • Other Central American countries
  • Mexico
  • The European Union

In addition to its WTO membership, Guatemala is also a member of several groups of negotiations, including:

  • Small and Vulnerable Economies
  • Cairns Group
  • Trade Facilitation Agreement

Improving Intellectual Property Rights

Guatemala has been improving its intellectual property rights (IPRs) legislation in recent years. The country is a member of the World Intellectual Property Organization (WIPO) and has implemented special forms of protection for:

  • Geographical indications
  • Appellations of origin

However, IPRs only apply within Guatemala’s borders, meaning that foreign owners of such rights may not prevent imports of products lawfully marketed and purchased in another country. As a result, trademarks, copyrights, patents, industrial designs, and other intellectual property rights must be properly registered under Guatemalan regulations.

Business and Human Rights

Guatemala has historically been committed to upholding international human rights agreements, but implementation challenges persist. The country lacks a National Action Plan on Business and Human Rights, which is essential for ensuring responsible business practices.

Recent examples of the complexity of social conflicts in Guatemala include:

  • The San Rafael Las Flores Silver Mine project, which was suspended due to local resistance and lack of consultation with indigenous populations.
  • The OXEC I and II hydroelectric project, which has been criticized for failing to consult with local indigenous communities. The Supreme Court recently suspended the project, but the Constitutional Court later allowed operations to continue, requiring retroactive consultation with affected communities.

Conclusion

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Guatemala’s commitment to international trade agreements and intellectual property rights is a significant step forward in promoting economic growth and development. However, the country must also address its human rights challenges and ensure that businesses operate responsibly and respect the rights of local communities.