Guatemala and World Trade

Paper Summary:

This is a paper on the political situations that led to the actions taken by Guatemala at the international discussions on trade at Cancun in September, 2003. The paper begins with a brief overview of Guatemala's history and current political situation. The paper then looks at how the World Trade Organization affects Guatemala's increasing trade deficit and worsening economic situation.

From the Paper:

"At present the country suffers a lot due o the trade imbalances. The value of its imports was of the order of $5.6 billion during 2002 on a FOB basis whereas the exports were only of the order of $2.7 billions on the same basis. Of the agricultural products produced within the country, three items of coffee, sugar and bananas are the most important. Totally agriculture contributes about one-fourth of the GDP and employs about half of the labor force. It also provides most of the exports - about two thirds. Before the rule of the present president, there was a program of liberalization for the economy and modernization of the political structure within the country."

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