The joint agreement on nearshoring and investment between the United States and Guatemala will strengthen the attraction of foreign direct investment. This result will come to fruition through the new Central America Forward Plan.

In the first quarter of 2023, the business climate in Peru ranks fourth among its Latin American neighbors. This is according to a study recently released by Brazil’s Getúlio Vargas Foundation (FGV).

Bolivian exports of the country’s traditional and non-traditional sectors reached a value of USD 6.9 billion, with a participation of 51% in the total value of shipped products in 2022. This is according to data provided by the Bolivian Ministry of Foreign Affairs.

The issue is not exclusive to Mexico, but after the Covid-19 pandemic, the word “nearshoring” began to monopolize the pages of trade industry and business publications. In forums, summits, or different events where the economy was discussed, the main conversation was the reconfiguration of supply chains .

The Paraguayan maquiladora industry, also known as the Export Processing Zone (EPZ) industry, has been a significant part of Paraguay’s economy since the 1980s. As a result, Paraguay’s government and private sector have worked together to create a favorable business environment for multinational companies to establish maquiladoras.

The Manaus Free Trade Zone (MFTZ) in Brazil is a special economic zone that was established in 1967 to promote economic development in the Amazon region. The FTZM offers tax incentives and other benefits to businesses that operate within its boundaries.

In the final phase of the first round’s Chilean electoral process and during the second round, most of the Chilean media affirmed that a victory registered by socialist Gabriel Boric would dramatically reduce foreign direct economic investment in the country.

On February 5, 2023, the Central Bank reported that the flow of foreign direct investment in Chile (FDI) received between January and December 2022 reached a total of US$17,105 billion.

The Ministry of Commerce and Industry of Panama (MICI) recently reported that so far in 2023, the free zones in Panama have attracted initial foreign direct investment in the order of $92.4 million.

To invest in Uruguay is to invest in one of the most attractive countries in Latin America. One of its significant advantages for investors from other countries is that it allows companies to be 100% foreign-owned.

The Central American nation seeks to position itself as an attractive destination for companies from nearby countries to outsource business processes. Nearshoring in Guatemala is a golden opportunity to attract more foreign direct investment (FDI).