While remittances from Guatemalans living in
United States now constitute the largest single source of foreign income, the
Guatemala constitutes a set of amazing business opportunities that are waiting
investments.
+ 16 million potential consumers live in this country. Some of Guatemala's main exports
are fruits, vegetables, flowers, handicrafts, cloths and others.
The country is growing and exporting an
increasing amount of raw materials for biofuel production, especially sugar
cane and palm oil.
The government is considering ways to legalize poppy and
marijuana production, hoping to tax production and use tax revenues to fund
drug prevention programs and other social projects.
Mines
produce gold, silver, zinc, cobalt and nickel. Organic coffee, sugar, textiles, fresh
vegetables, and bananas are the country's main exports.
Tourism has
become an increasing source of revenue for Guatemala thanks to the new foreign
investment.
The drinking
water supply and sanitation sector in Guatemala is characterized by low and inconsistent
service coverage, especially in rural areas; unclear allocation of management
responsibilities; and little or no regulation and monitoring of service
provision.
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