It is a Central American country bordered by Mexico to the north and west, Belize to the northeast, in the east of Honduras, southeast El Salvador, and lastly, the Pacific Ocean to the south. With a population of about 17.6 million people, it is known to be the most populous nation in Central America and the 11th largest country in the Americas. The nation runs on a representative democratic political system. The capital and largest city are Nueva Guatemala de la Asunción, also called Guatemala City. The territory is part of the Caribbean Community (CARICOM), the Community of Latin American and Caribbean States (CELAC), and the Central American Integration System (SICA).
if you are interested in knowing about the diplomatic relations of this republic, this article provides information on the foreign diplomatic relations of Guatemala and other multilateral relations.
About the country
It has one of the largest economies in Central America, with a GDP (PPP) per capita of US$5,200. However, it faces lots of social problems, thus it is one of the poorest nations in Latin America. it has an unequal distribution of income with a large percentage of its population living below the national poverty line. Remittances from Guatemalans residing in the United States are a major source of foreign income to the economy aside from export trade. Some of its main exports are fruits, vegetables, flowers, handicrafts, clothes, and others. It is also a top exporter of cardamom and coffee. With the demand for biofuels, it continues to grow and export a large number of raw materials for biofuel production such as sugar cane and palm oil. Due to the subsidization of US American corn, the state imports almost half of its corn from the US. Agriculture accounts for around two-fifths of its exports, employing half of the labor force. Organic coffee, sugar, textiles, fresh vegetables, and bananas are the country’s main export goods.
Countries with diplomatic relations
Tourism is an increasing source of revenue for the economy thanks to new foreign investment from across the globe. In 2006, the country’s congress ratified the Dominican Republic-Central American Free Trade Agreement (DR-CAFTA), an agreement between many Central American countries and the US. It also has free trade agreements with Taiwan and Colombia, as well as diplomatic relations with lots of countries around the world. They include the following nations: Guyana, New Zealand, Zambia, Bahamas, Barbados, Dominica, Grenada, Mexico, Saint Kitts and Nevis, Saint Lucia, Saint Vincent, and the Grenadines, Trinidad and Tobago, United Kingdom, United States, Costa Rica, Nicaragua, Ghana, Fiji, Canada, France, Panama, Australia, Colombia, Nigeria, Uruguay, Bolivia, Turkey, Spain, Venezuela, Dominican Republic, etc. It has close ties with the United Kingdom as well as diplomatic missions in several Western countries and major European capitals.
Bilateral relations of the country
Since ancient times, the government of Belize has asserted its ownership over all or the majority of the country’s territory. It was not until 1991 that the state acknowledged the country’s independence because of this geographical dispute; nonetheless, the disagreement has not been settled. Under the aegis of the Organization of American States, discussions and negotiations are still ongoing at this time. The country enjoys solid relations with the United States, which is one reason why it is home to a big number of individuals who are searching for better opportunities elsewhere. There are a lot of prospects for foreign business owners to engage in international commerce and investments in this country in Central America. These opportunities are not confined to the agriculture, tourism, and logistics industries. Since the two countries first established diplomatic ties, there has been a steady improvement in the quality of their bilateral relations, which has resulted in increased levels of collaboration and commerce between the two.
