Guatemala-Russia investment collaboration agreement

By Jáuregui & Asociados

Russian President Vladimir Putin ratified an agreement with Guatemala for the promotion and protection of investments between the two countries.

The document had been previously ratified by both houses of the Federal Assembly of Russia and will ensure long-term stability for investors, contributing therefore to enhance Guatemala-Russia cooperation. It also contains mechanisms to settle investment disputes and procedures by which investors can shunt to international arbitration.

Guatemala is one of the largest economies of Central America and has been acknowledge as an important business destination by Russian entrepreneurs and industry leaders. In 2014 the volume of trade between Russia and Guatemala totaled U$ 73.5 million. During that period Russia invested in the Guatemalan economy U$ 650 million.