Is Nearshoring in Guatemala’s Near Future?

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Issue Feb 15-21 2023: Guatemala’s economy, immigration, and a phenomenon known as “nearshoring” were at the forefront of United States and Guatemalan relations. Fátima Najarro in La Hora of Guatemala City stated that, “according to official reports, the two countries have made progress together on an agreement for nearshoring.” Several people, like Janio Rosales, who serves as Minister of the Economy (Guatemala), and John Skypula, who is an official from the U.S. Embassy, are involved.

If the countries decide to enter such a deal, Guatemalans could be employed in manufacturing for the United States. Najarro listed several workplaces for Guatemalans that pertain to nearshoring; on that list were Walmart, Target, and Nestlé.

“Addressing the fundamental causes of immigration from the region” is one goal for the countries as well. Guatemala’s President Alejandro Giammattei and U.S. Vice President Kamala Harris support nearshoring.