Contracting Tailored Manufacturing: The Guatemalan Advantage
From duty exemptions to registration passes on export products, find out why the most strategic in the industry is flocking to this Central American hub.
There are certainly many countries and places around the world to contract tailored manufacturing. Some have very important strengths and will continue to have them for the following years.
One thing that the AG market has shown, is that it is mastered by companies with good planning and innovating options, options in all aspects.
Manufacturing in Guatemala has advantages to seriously consider, some of them are:
- Duty exemption for most products. ( DR-CAFA . Central America Free Trade Agreement)
- Ocean transit time of five days to Gulf ports
- No registration needed in Guatemala to manufacture export products.
- Materials are tax and duty exempted while in Guatemala for manufacture.
These aspects are very relevant in a changing and demanding sourcing strategy and will complement and add value to the process from traditional sources; or at least will encourage you to challenge your current procedures and cost scenarios some critical products.
CTL (Central American Toll-Manufacture & Logistics) for the last 15 years we have been innovating and strengthening our expertise to assist US companies to capitalize on these benefits. www.agroctl.com [email protected]