Miami, FL–(HISPANIC PR WIRE)–February 6, 2006–The Minority Chamber of Commerce announces the first mission in a series of 7 this year to Guatemala and CAFTA countries. Over 500 entrepreneurs from all industries will attend the conference to be held at Hotel Conquistador in Guatemala City on February 17 & 18, 2006.
“This Mission will highlight the new regional opportunities for U.S. Minority Business in the promising sectors of Guatemala that have emerged as a result of the successful passage of the Central American-Dominican Republic Free Trade Agreement, commonly referred to as CAFTA,” explained Doug Mayorga, National Director for the Minority Chamber of Commerce. “With CAFTA, U.S. Minority Companies stand much to gain from open markets including expanded business opportunities and stronger trade ties with Guatemala.” The Mission offers a unique opportunity in which U.S. Minority Businesses can develop partnerships and cultivate existing relationships” said Mr. Mayorga.
About the CAFTA:
The CAFTA region is the second-largest export market in Latin America and the 10th largest market in the world for U.S. exports. The United States exports more to this region than it exports to India, Russia and Indonesia combined. Last year, U.S. exports to the region surpassed $15 billion and nearly half of the region’s imports are from the United States. CAFTA provides substantial new market access for U.S. companies and solidifies the United States as the leading supplier of goods and services to Central America by eliminating the vast majority of tariffs on U.S. goods exported to the region. More than eighty percent of U.S. exports of industrial, consumer, and agricultural products to Central America will become duty-free immediately upon entry into force of the Agreement, and remaining tariffs phased out over 10 years. Small and medium-sized enterprises in particular should benefit from the significant tariff cuts provided under CAFTA.
About the Minority Chamber of Commerce:
The Minority Chamber of Commerce announces the first International Chapter in the effort to provide business assistance and education to understand the CAFTA Agreement to Guatemalan Companies. The new office is working right now to provide the list of decision makers from Guatemala interested in meeting with U.S. Minority Companies during this mission.