Guatemala Superando Expectativas Guatemala Beyond Expectations-EN | Page 10

Gateway to Central America and Mexico I ts geo-strategic position has allowed it to become an important logistics point for investors around the world, thanks to its proximity to the United States, its main trading partner and leading economy in the world and to its three neighboring countries that make up NAFTA, the world’s largest trade agreement. Guatemala borders with Mexico, an emerging economy and its third trading partner, only after the other Central American countries. Mexico has made significant investments in the telecommunications sector and other diverse services. Guatemala has also become a logistic services center for the region, due to the fact that it’s only a three hour flight away from Miami or the South American continent, so countries like Colombia have made important investments in productive sectors such as energy and banking. Guatemala City is the largest in the Central American region. Its human capital and natural resources along with its technological infrastructure and the quality of the labor force make the country a strong competitor. accounted for 62.8% of the total value of foreign trade and 79.5% by weight. The cargo movement by seaports reached 26,415 metric tons in 2016. The total foreign trade volume for the country was 31,096 metric tons. In 2016, the country’s exports totaled US$10,450 million. The main destinations were the United States, Central America, Mexico and the European Union. Imports totaled US$17 billion. The country’s road and port infrastructure have become connection points used by neighboring countries, Guatemala has the most developed economy in the Central American region, its infrastructure, quality of labor and services make it a strong competitor. The country’s attractiveness comes from its climate, tourist destinations, volcanoes, lakes and especially because of its people with a strong work ethic and its variety of living cultures, heirs of the ancestral Mayan culture, the most developed in ancient America. Bathed between two oceans, the Atlantic to the north and the Pacific to the south, key strategic points that provide a competitive advantage for companies, investors and local and foreign merchants. 10 In 2016, the country attracted more than US$1,180 million in foreign direct investment. The most vibrant sectors are trade, with US$307 million, and US$261 million for electricity, especially in the field of renewable energies, such as hydro, wind and solar. GUATEMALABEYONDEXPECTATIONS .com Two international airports, La Aurora, in the heart of the city, and Mundo Maya (Mayan World), in the Department of Petén, receive thousands of passengers annually. The country also has seven smaller, regional airports in other departments. The country’s maritime trade is growing because there are only 420 kilometers between the Atlantic and the Pacific Oceans’, that join Santo Tomás de Castilla port with Puerto Quetzal port, with their specialized terminals and international certifications for trade, which together like Honduras and El Salvador. Guatemala has 16.3 million inhabitants, with an economically active population (EAP) of 6.8 million people: 67.2% men and 32.8% women. Of these, two million are youth between 15 and 24 years, 28.8% of the total of economically productive age. Guatemala is a country of opportunities offering significant competitive advantages, a meeting place for micro, small, medium and large companies in search of further expansion.