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Economy & Business - June 2021

GUATEMALA: Controversial free trade zone reform approved

On 12 May Guatemala’s congress passed a legislative reform, since sanctioned by the executive, that allows the creation of more free trade zones (FTZs) as part of a post coronavirus (Covid-19) pandemic economic recovery plan. However, critics say that FTZs have not brought sufficient economic benefits in the past and a new strategy is needed.

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