Other available languages: FR
Mr Claude CHEYSSON, Member of the Commission with responsibility for North-South relations, with particular reference to Latin America, will represent the Commission at the ceremonies marking the investiture of President VINICIO CERESO, who was elected President of Guatemala in December last year. Guatemala is one of the six Central American countries which signed a Cooperation Agreement with the Community on 12 November last year. Links between Guatemala and the Community, which hitherto were not very close, are to be tightened under the Agreement. Cooperation at both bilateral and regional level should be stepped up appreciably in the next few days. EEC-Guatemala cooperation In 1984 Guatemala received financial assistance of 40 000 ECU under the heading of trade cooperation. In 1985 it was involved in a 20 million ECU regional financing scheme covering five countries (*) which was aimed at providing a programme of funding for small businesses. It has also received around 2 million ECU a year in food aid, distributed through non- governmental organizations and designed to provide relief for displaced persons. EEC-Guatemala trade (Million ECU) 1980 1981 1982 1983 1984 1985 (6 months) EXPORTS 130 180 126 107 157 82 IMPORTS 264 204 225 183 180 130 BALANCE -134 -24 -99 -76 -23 -48 SOURCE : SOEC The Comunity has traditionally had a trade deficit with Guatemala. From the structural standpoint, six products account for 92% of total imports from Guatemala into the Community ; they are coffee (58.4%), cotton (15.6%), bananas (8.8%), unprocessed vegetable products (4.4%), sugar and honey (2.4%), and oilseeds and oleaginous fruit (2.2%). The figures for all other products are below 1%. -----------(*) Costa Rica, Guatemala, Hondura, Nicaragua and El Salvador.