Guatemala and India promote two-way trade, investment

By Mayora IP

India's Minister of State for External Affairs, V Muraleedharan, visited Guatemala on an official visit from July 4 to 6, 2021, and reviewed the progress in bilateral relations during his talks with President Alejandro Giammattei and Foreign Minister Pedro Brolo.

Authorities from both countries also discussed regional and multilateral cooperation. During the meetings, they agreed to strengthen their relations further by promoting two-way trade and investment in areas such as IT, BPOs and tourism.

The two sides acknowledged that trade is an important pillar of India-Guatemala relations and expressed satisfaction at the growing trade which reached US$ 314.27 million in 2019-2020 with Indian exports at US$ 291.32 million and imports at US$ 22.95 million. Both sides agreed that there is great potential to further expand their trade relationship.

V Muraleedharan and Brolo also acknowledged the strong institutional bond between India and SICA and agreed to explore holding of the next India-SICA Foreign Ministers’ Meeting at a mutually convenient date.