The Coordinating Committee of Agricultural, Commercial, Industrial and Financial Associations (Cacif) of Guatemala positively valued the approval of the General Law of the National Port System by the Congress of the Republic of the country. The regulation was considered a relevant step forward to modernize the legal framework governing the development of Guatemalan ports.
The organization highlighted that “having modern and updated legislation contributes to providing greater legal certainty, strengthening institutionalism and laying the foundations for a more efficient, competitive port system aligned with the needs of national and international trade.”
“The modernization of the port system is a key element to improve Guatemala’s competitiveness, facilitate trade, promote investment and strengthen the country’s integration into regional and global supply chains,” Cacif emphasized.
The coordinating committee noted that “a more efficient port system contributes to reducing logistics costs, speeding up the movement of goods and making the supply chain more efficient. To the extent that these benefits are consolidated, they may translate into greater availability of products and more favorable conditions for all Guatemalans.”
“As the private sector, we reiterate our commitment to continue promoting initiatives that strengthen strategic infrastructure, improve the business climate and promote conditions that favor economic growth, formal job creation and the sustainable development of Guatemala,” Cacif stated.
