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On June 20, 2020 Saudi Arabia imposed higher tariffs on a wide range of food and non-food products.
This is an update of the 2019 report. In 2019, U.S. consumer-oriented products exported to Guatemala reached a record $567 million.
Guatemala’s GDP growth is expected to slow as a result of COVID-19. The agricultural sector’s participation in the national GDP is expected to drop from 13.5 to 9.7%.
Saudi Arabia is increasing import tariffs on a wide range of products effective June 10, 2020. The increases cover 2718 HS codes and include numerous food and agriculture products.
On May 26, 2020, the Ministry of Agriculture of Guatemala eliminated the registration requirement for animal feed minerals that contain only one type of biomolecule ingredient.