IIC holds successful workshop for Guatemalan SMEs on exporting to Italy

05/26/2011

The workshop was part of the IIC’s FINPYME ExportPlus program supported by Italy’s Ministry of Foreign Affairs

Guatemala City, Guatemala – On May 25 and 26, 2011, the Inter-American Investment Corporation (IIC), with the support of the Embassy of Italy in Guatemala, the Italian Chamber of Commerce and Industry in Guatemala (CAMCIG) and Generali Insurance group, held a FINPYME ExportPlus workshop on Exporting to Italy.

This workshop provided information and training to small and medium-sized entrepreneurs on the processes and formalities involved in exporting products to Italy. The topics covered included how to do business in Italy, the opportunities offered by the Italian market, logistics, financial tools, and contractual terms, as well as success stories. This is the IIC’s eleventh FINPYME ExportPlus workshop in Guatemala.

Mr. Alessandro Ferranti, Counselor of the Embassy of Italy in Guatemala, highlighted the strong ties between Italy and Guatemala that date to the late 1800s, and stressed the interest of the Italian government to continue to support programs, like FINPYME ExportPlus, that seek to help SMEs take advantage of the opportunities offered by the globalized economy. The workshop was also part of the celebration of the 150th anniversary of the Italian unification.

More than 50 SMEs attended the workshop; four of them presented success stories: Comercializadora de Arte Textil (a textile company), Excard (a coffee producer), Anacafe (the Guatemalan National Coffee Association) and Valuarte de Huehuetenango (a coffee producer). Also, attending the workshop were fourteen speakers, representing the Italian Chamber of Commerce and Industry in Guatemala, the Chamber of Commerce of Florence (Italy), the Ministry of Agriculture, Livestock, and Food (MAGA) and the Institute of Nutrition of Central America and Panama (INCAP), the Guatemalan Exporters Association (AGEXPORT), DHL, Guatemala Deloitte, Grupo Financiero G & T Continental, and the Arias y Muñoz law firm. The series of workshops held to date in Guatemala has benefited more than 250 SMEs.

About the IIC

The IIC is a multilateral financial institution that is a member of the Inter-American Development Bank (IDB) Group. The IIC’s mission is to promote the economic development of its regional member countries by encouraging the establishment, expansion, and modernization of private enterprises, particularly those that are small and medium in size. It does so by providing financing (in the form of equity investments, loans, guarantees, and other instruments) and advisory services to private enterprises in Latin America and the Caribbean. In 2010, the IIC reached US$1.4 billion in assets and approved forty-nine operations channeling US$374.8 million to SMEs in the region. For more information on the IIC’s activities, please visit www.iic.int.

Contact: Antonello Bove

Telephone: (202) 623-3905

Email: antonellob@iadb.org