On April 6, 2022 the Consul General of the Consulate General of Guatemala in Los Angeles and the U.S. Commercial Service will present a webinar on the U.S. free trade agreement with Guatemala.
Guatemala and the USA entered into the Central American Free Trade Agreement- DR on July 1, 2006. U.S. Textile and Apparel Companies benefited by increased market opportunities for U.S. yarn, fabric, apparel and footwear manufacturers. The agreement has resulted in increased two-way trade. This provides economic growth opportunities among both countries. U.S. manufacturers supply yarns and fabrics for the assembly of apparel. The apparel enters the U.S. duty free. Qualifying U.S. yarns and fabrics enter Guatemala duty-free. This allows for increased export opportunities. In addition investment in the region continually grows increasing exports between both Guatemala and the U.S. Nearly all textile and apparel products that meet the rule of origin of the Agreement are duty free. Yarn-forward requires that the yarn spinning and all operations “forward” occur in either the United States, Guatemala or the other countries in the region who are signatories to the CAFTA-DR.
Register HERE.
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