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Leaders from Guatemala and Costa Rica want to attract investments to their countries

October 31, 2019

The president-elect of Guatemala, Alejandro Giammattei, advocated Wednesday for turning Central America into a pole of attraction for foreign investments.

In a video released by Casa Presidencial, Giammattei and Costa Rican President Carlos Alvarado discussed their vision of the region’s future.

“Today, Central America can and should become a destination region for investment,” Giammattei said following his meeting with Alvarado in San José.

“We conversed about the future relationships that our countries will maintain and the strategic importance of the region to boost commerce,” Alvarado wrote on Twitter.

The Guatemalan president-elect said he wants to convert the Central American isthmus into “the best logistics center to reach any part of the world with products made by Central American labor, Central American raw material, and an awareness of preservation of the environment.”

The two rulers agreed on the importance of modernizing the Central American integration institutions so that they respond to the development needs of the region.

Alvarado said that the leaders’ meeting also addressed preparations for the commemoration of the bicentennial of Central American independence, which will be celebrated on Sept. 15, 2021.

Giammattei will assume the presidency of Guatemala on Jan. 14 for a period of four years, replacing Jimmy Morales.

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