Located between the Caribbean Sea and Pacific Ocean, Guatemala holds rainforests, active volcanoes, and ancient monuments.
Guatemala holds free-trade agreements with the USA and EU, and its strategic location provides them access to both coasts, excellent natural resources, good business environment, and strong logistics and tourism sectors, making it an excellent regional hub. This is further bolstered by interest in technological development and the eight free economic zones offering tax incentives to investors.
While Guatemala is the only oil producing country in Central America, its major industries are sugar, coffee, bananas, furniture, chemicals/petroleum, metals, textiles, and rubber. Exports generally go to the USA, El Salvador, Honduras, Mexico and Nicaragua, and include energy. The renewable energy sector in Guatemala is also growing, aiming for 60% of domestic energy to be from renewable sources by 2027, and the sugar industry is now producing biodiesel and energy from sugarcane pulp.
Ranking 96/190 for Ease of Doing Business, the government promotes foreign investment but there are regulatory hurdles to be navigated.