Investment climate update.(GUATEMALA) From: Caribbean Update | Date: September 1, 2003 | COPYRIGHT 2003 Caribbean Update, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

The U.S. Embassy in Guatemala has recently provided an update on the investment climate here. Excerpts follow:

Many U.S. and other foreign firms have active investments in Guatemala. Though Guatemala passed a foreign investment law in 1998 to streamline and facilitate foreign investment, time-consuming administrative procedures, arbitrary bureaucratic impediments, corruption, and a generalized atmosphere of confrontation between the current administration and the private...

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